Irrational betting craze signals we're on the cusp of a crash(thetimes.com)

9 pointsby petethomas6 mesi fa5 comments

Irrational betting craze signals we're on the cusp of a crash

https://www.thetimes.com/business/companies-markets/article/stocks-ai-crash-imminent-prediction-markets-3krjcznwp

5 comments

Irrational exuberance has not just taken hold as the article suggests.

It took hold in the 2010s with ZIRP and never went away.

What's changed is the whittling away at the number of people who benefited.

Illusory economic growth due to hype generation and financial engineering has never been real growth. Sam Altman and Zuckerberg's of tech haven't gotten the memo like all the tech workers themselves.

With the exception of biotech, the US economy has not produced anything new in decades.

ChrisArchitect6 mesi fa

https://archive.ph/SOYqC

nonamesleft6 mesi fa

Not much better as that just hands out recaptchas.

sans_souse6 mesi fa

I'll take the over, here.

adrianwaj6 mesi fa

What would happen in the event of a crash in say 5-10 years if/when asset tokenization was a real thing? Massive wealth transfers? What would happen if asset tokenization was mandated? Maybe that's the endgame where the robots come and take what belongs to their masters.