Post by @RaymondPierreL3@aus.social

2026-07-30 03:13 UTC

@alan@mindly.social But, look, there’s no financial bubble at all… When it bursts, there are going to be global repercussions, govt bail outs (for those “too big to fail” aka #TheRich and famous) and the #NeoLiberal con of #TrickledownEconomics will finally come home to roost as everyone else (but the perpetrators of this folly) will pay, and pay, and pay some more. That’s if we don’t all boil off by then… Dear Zeus, these are both depressing and desperate times. Desperate for that bubble to burst sooner rather than later. #GenAiSlop #FinancialBubble

Replies (1)

@alan@mindly.social 2026-07-30 12:43

@RaymondPierreL3@aus.social Traditionally, it's late September, early October when investors start to take a critical look at their portfolios, and sometimes that's when they start selling the stuff they see as too risky. Then the other ones who are a few minutes late to the party see the bump in volume with lower prices and realize they better get in. Then, milliseconds later, the program trading algorithms start to sell, and we have a "correction" [how I laugh every time I hear that word in this context]. This year, I expect that correction is going to become a full-blown crash, and every company who has touted their adoption of AI is going to get hit. It's going to be brutal. It's also likely to definitively hand the advantage in AI to China. It will come at a terrible cost. The only upside I see is that it should seal Trump's fate.

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