372
The AI bubble could burst — and take the economy with it - The Boston Globe
(www.bostonglobe.com)
this post was submitted on 01 Aug 2026
372 points (98.4% liked)
Technology
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I am entirely disconnected from "the economy". Fuck AI and fuck the market. Tech cunts have it coming.
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(4 replies)
Please do. I'm tired of reading PKD novels, they're more fun happening IRL.
Sigh. Guess I'm gonna go read Ed Zitron's latest rant.
Haven't read it yet, no idea what he's on about today, but here's the link.
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/
Two years ago, NVIDIA CEO Jensen Huang said that “the more you buy, the more you save,”
Well, two years ago he was kind of right. But not in the way he meant it. But I should have bought 64gb instead of 32gb RAM when I built my gaming system
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The stability of our economy depends on them quickly changing course.
Oh. Well.
I wonder if we will be able to get GPUs and RAM for reasonable prices afterwards.
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(3 replies)
Let the dominoes fall.
Too big to fail...again...
The 2008 bailout happened because it was the banking sector that was exposed. If the consumer banks fail, everybody's accounts go up in flames.
Part of getting that bailout was that the banks had to restructure to insulate commercial banking from investment banking. Supposedly the investment arm can now get taken out, and the damage to the commercial arm is limited. I'll believe that when I see it. The big question at the moment is "how exposed are the banks?".
Oracle, Nvidia, Microsoft, OpenAI, Anthropic are all massively exposed. Nvidia and Microsoft might be big enough for a decimated version of themselves to come out the other side. Everyone else is going to the wall. No need to bail them out though. That's a contained explosion.
If the bank are making loans of hundreds of billions thinking they're sure fire money makers, but actually they're piles of shit, then it's 2008 again. That's when we see if they really protected the commercial arms of their banks.
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(2 replies)
I’ve put all my money in pogs so I should be ok.
Yeah wow hey maybe you should have fucking listened to everyone who’s been saying that for goddamn YEARS.
World War 3 will keep it going!
I've heard World War 3 sucks. Can't wait for World War 4, hope they finally get all the bugs sorted out.
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(3 replies)
LFG