inclementimmigrant@lemmy.world to politics @lemmy.world · 6 days agoDemocrats Will Win Again Once the Economy Tankswashingtonmonthly.comexternal-linkmessage-square136fedilinkarrow-up1193arrow-down126
arrow-up1167arrow-down1external-linkDemocrats Will Win Again Once the Economy Tankswashingtonmonthly.cominclementimmigrant@lemmy.world to politics @lemmy.world · 6 days agomessage-square136fedilink
minus-squarezbyte64@awful.systemslinkfedilinkarrow-up3·edit-26 days agoI don’t think we were financing loans with GPUs as collateral back in 2012 or 2016: https://pivot-to-ai.com/2024/11/04/silicon-valley-and-wall-street-invent-collateralized-gpu-obligations-surely-this-will-work-out-fine/
minus-squaredragontamer@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-26 days agoWell, it keeps getting worse until some point. But it took like a decade of shitty CDOs of CDOs finally collapsed in 2007. It got to the point where strippers (and other not so wealthy people) where buying 2 or 3 houses aiming to flip. Bubbles always bubble longer than expected And if Trump does the trillions in tax cuts like hes trying to do, then the economy floats longer
I don’t think we were financing loans with GPUs as collateral back in 2012 or 2016: https://pivot-to-ai.com/2024/11/04/silicon-valley-and-wall-street-invent-collateralized-gpu-obligations-surely-this-will-work-out-fine/
Well, it keeps getting worse until some point. But it took like a decade of shitty CDOs of CDOs finally collapsed in 2007.
It got to the point where strippers (and other not so wealthy people) where buying 2 or 3 houses aiming to flip.
Bubbles always bubble longer than expected
And if Trump does the trillions in tax cuts like hes trying to do, then the economy floats longer