Too late for that I’m afraid. It already happened. It just takes a while before the [citation needed] folks understand that past performance is not a guarantee for future success.
People can see the trends and see how it will probably break down in some way, the problem is that the market can stay irrational longer than we can stay solvent. It helps that these dipshits seem to have forgotten that money equals abstract resources and creating new resource issues that’ll certainly put pressure on them in a more direct way either through legislation or via sabotage of required infrastructure.
Is this a thing? Because what comes to mind for me is “the market can remain irrational longer than you can remain solvent,” which just happens sometimes
It’s called Imaginary Economics.
It tends to happen right before a capitalist system fails.
How often does this happen that we can claim this correlation? 🤔
About once every 350 years… With a sample size of 3… 😅
Better than no samples I guess!
So you’re saying which empires/systems exactly then?
Spain perhaps? The Holy Roman empire?
I was averaging roman, British and Mongolian empires, based on Google AI summary, so take that with a pinch of salt 😅 🧂
It’s about to. The very nature of it, means you can only have a sample size of one.
And when do you predict this will occur? When should I have built my nuclear shelter so I know when to start building it?
Too late for that I’m afraid. It already happened. It just takes a while before the [citation needed] folks understand that past performance is not a guarantee for future success.
Can I coin the term imagineomics?
[citation needed]
I’m not holding my breath.
We’ve been hearing about an AI crash practically since the hype train started.
People can see the trends and see how it will probably break down in some way, the problem is that the market can stay irrational longer than we can stay solvent. It helps that these dipshits seem to have forgotten that money equals abstract resources and creating new resource issues that’ll certainly put pressure on them in a more direct way either through legislation or via sabotage of required infrastructure.
It’s the biggest bubble seen to date. It has all the characteristics, and it will crash eventually.
When has this happened before?
Is this a thing? Because what comes to mind for me is “the market can remain irrational longer than you can remain solvent,” which just happens sometimes