Criminal, corrupt and almost pathologically fraudulent defines such behaviour, in the past they use to call it “kiting” and I can recall many a corporate exec, director, business owner here in N.Z in the 80’s being prosecuted for such post business collapse… it’s no different to what these techies are doing albeit with more zeros tagged the end of the initial digit and being slightly more sophisticate in hiding the source of the initial funding mechanism.
Bet they think they are clever dicks, in their win/win, manipulating stock values, keeping Trump happy, a guy fixated on the Stock market results, who I guess is happy to go along with this sham provided he’s not in any compromised and partakes, Crypto anyone, great payday if you can get it, enabled undoubtedly by the same tech … only to willing to trade know how, access resulting the crumbs that fall from their table to BIC, bloviator in chief, comparative the tens if not hundreds of billions in nett worth added to theirs, those involved in this scams… personal wealth ..
Yep, sure as shit, the U.S is the bastion of capitalism alright, more akin a criminal syndicate… and they persecuted and prosecuted the mafia… all I can say to that is how bigoted, churlish and petty… in contrast to this activity, legitimised in what by every metrical which in most jurisdictions would be considered a criminal enterprise… a cartel conspiracy… take your pick, there is so much to choose from.
Its behaviour that is so wrong on so many levels, and yep, when it goes tits up and it will, the tax payer will foot the bill, just another added to be met taxpayers in a long line, Wall Street, Banks, GSIBS. ,
I guess now’s not the time to talk about what taxpayers ought pay for…. Medicare for all, Free Education, Social Housing, ensuring Vets don’t fight another war just to receive entitlements enshrined in law, what about a better state and national infrastructure… 😂😂😂😂😂, oops forgot, 🐷 porky p will fly before that happens, don’t be daft, that commie/socialist talk will get you thrown out of polite society… didn’t you know nor understand, the U.S as stated, is the bastion of capitalism…. as if… it makes you want to puke…just saying
AI valuations are stretched and capex is insane. Everyone from Goldman to Bridgewater has already said that. But jumping from “valuations are high” to “this is all circular financing and taxpayers will bail it out” without evidence is wild. If this were just a money-go-round, we wouldn’t see legit constraints like GPU shortages and data center energy crises. Physical bottlenecks don’t simultaneously come from accounting tricks.
And the idea that the government will inevitably rescue overvalued tech is historically false. The dot-com crash wiped out trillions and DC didn’t rush in. Amazon fell like 90%+ during this time.
Overt risks to the financial system get bailouts (eg 08-09 did because it threatened the actual plumbing). AI is now is more of an investor risk (eg wouldn’t break the repo market).
SpaceXcess is the model. For the money, all blow and no go.
Criminal, corrupt and almost pathologically fraudulent defines such behaviour, in the past they use to call it “kiting” and I can recall many a corporate exec, director, business owner here in N.Z in the 80’s being prosecuted for such post business collapse… it’s no different to what these techies are doing albeit with more zeros tagged the end of the initial digit and being slightly more sophisticate in hiding the source of the initial funding mechanism.
Bet they think they are clever dicks, in their win/win, manipulating stock values, keeping Trump happy, a guy fixated on the Stock market results, who I guess is happy to go along with this sham provided he’s not in any compromised and partakes, Crypto anyone, great payday if you can get it, enabled undoubtedly by the same tech … only to willing to trade know how, access resulting the crumbs that fall from their table to BIC, bloviator in chief, comparative the tens if not hundreds of billions in nett worth added to theirs, those involved in this scams… personal wealth ..
Yep, sure as shit, the U.S is the bastion of capitalism alright, more akin a criminal syndicate… and they persecuted and prosecuted the mafia… all I can say to that is how bigoted, churlish and petty… in contrast to this activity, legitimised in what by every metrical which in most jurisdictions would be considered a criminal enterprise… a cartel conspiracy… take your pick, there is so much to choose from.
Its behaviour that is so wrong on so many levels, and yep, when it goes tits up and it will, the tax payer will foot the bill, just another added to be met taxpayers in a long line, Wall Street, Banks, GSIBS. ,
I guess now’s not the time to talk about what taxpayers ought pay for…. Medicare for all, Free Education, Social Housing, ensuring Vets don’t fight another war just to receive entitlements enshrined in law, what about a better state and national infrastructure… 😂😂😂😂😂, oops forgot, 🐷 porky p will fly before that happens, don’t be daft, that commie/socialist talk will get you thrown out of polite society… didn’t you know nor understand, the U.S as stated, is the bastion of capitalism…. as if… it makes you want to puke…just saying
Kia Kaha (stay strong) from New Zealand
Mix of real concerns with lazy conclusions here.
AI valuations are stretched and capex is insane. Everyone from Goldman to Bridgewater has already said that. But jumping from “valuations are high” to “this is all circular financing and taxpayers will bail it out” without evidence is wild. If this were just a money-go-round, we wouldn’t see legit constraints like GPU shortages and data center energy crises. Physical bottlenecks don’t simultaneously come from accounting tricks.
And the idea that the government will inevitably rescue overvalued tech is historically false. The dot-com crash wiped out trillions and DC didn’t rush in. Amazon fell like 90%+ during this time.
Overt risks to the financial system get bailouts (eg 08-09 did because it threatened the actual plumbing). AI is now is more of an investor risk (eg wouldn’t break the repo market).
Lau - your analysis is spot on. Having been on a few phyle calls with you, I can confirm that you are smarter than I look!
Curious what you think of my response.