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Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom
(www.nbcnews.com)
this post was submitted on 30 Oct 2026
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This was the most pathetic economic bubble I've ever been a part of
Fully agree. At least in the past bubbles, some parts of it trickled to the rest of the economy and we had a societal bonanza.
During the dotcom bubble you could start a company and make millions out of thin air, you'd pay your engineers ridiculous amounts and everyone could get a job.
During the housing bubble everyone could get loans and buy a house, live a decent life for a moment. Real economy, not just Wall Street, was soaring.
AI bubble? Layoffs for everyone. Sense of impending doom all around. Clear signs of financial manipulation directly in front of us. Egomaniac CEOs being obnoxious. Inflation racing. Fucking lame, kill it now, please and let's start over.
All of these of course resulted in misery, and it'll come again. But fuck it, at least the other bubbles were fun.
This one has seemed to be a bubble of stupid by stupid. Like 90% of humanity straight up sat this one out because it sounds like a bad idea, but somehow it'll crash global economies anyway.
Other bubbles were reasonably hidden, or had some surprise elements, but we've all been watching and talking amongst ourselves about this one.
It's like watching a degenerate gambler keep going after everyone at the table and even a couple of people walking by have tried to intervene.
Pathetic indeed.