[PrairieFire]

To further your point - I mean honestly if this all ends up being an actual bubble that doesn’t manifest a financial return for the liquidity injectors but instead a massive loss (for the .01% who are in large part putting the cash in), did humanity actually lose?

If it pops it might end up being looked at in the lens of history as one of the largest backdoor/proxy wealth redistributions ever. The capex being spent is in large part going to fund the labor of the unwashed masses, and society is getting the individual productivity and efficiency benefits from the end result models.

I’m particularly thankful for the plethora of open source models I have access to thanks to all this.

I, individually, have realized indisputable substantial benefits from having these tools at my disposal every day. If the whole thing pops, these tools are safely in my possession and I’m better because I have them. Thanks .01%!!

(the reality is I don’t think it will pop in the classic sense, and these days it seems the .01 can never lose. either way, the $1tn can’t be labeled as a waste).

[Mountain_Skies]

How much of it really is the 0.01% and how much of it is pension and retirement funds? It's very rare that the blast radius from one of these explosions of malinvestment only includes the very wealthy.

[lisbbb]

I get what you are saying. How much experience do you have with financial bubbles? I was working when the dot-com bubble burst. I also have firsthand experience with the real estate/bond market implosion. This current one has all the same signs. There is no way to charge enough to balance out the massive infrastructure investment going on.

Those models you speak of are great now, but they will degrade over time and become useless unless they get updated, right?

I look at the early days of the Internet when sites like Google and Youtube were unprofitable and looked like a great deal for us lowly users. That did not last.

[mensetmanusman]

It doesn’t have the same signs.

During the .com boom and bust, there was tons of fraud in Enron and the like, also when they were laying new fiber capital, little of it was being used which is why it’s still dark.

Today every transistor that is added is immediately 100% utilized.