It doesn't even significantly matter whether it's a bubble or not, but whether its a "bad" bubble.
I think Steve Eisman (of housing bubble fame) recently made the argument that it's probably a bubble, but it doesn't seem to have the hallmarks it would have to turn it into a crisis. e.g. no broad immediate exposure for the general populace (as in housing/crypto bubbles).
hobofan|1 month ago
It doesn't even significantly matter whether it's a bubble or not, but whether its a "bad" bubble.
I think Steve Eisman (of housing bubble fame) recently made the argument that it's probably a bubble, but it doesn't seem to have the hallmarks it would have to turn it into a crisis. e.g. no broad immediate exposure for the general populace (as in housing/crypto bubbles).
red-iron-pine|1 month ago
there are billions and billions of dollars invested in there -- it matter significantly to a lot of people.
the bubble popping may trash the US and possibly global economy. "it doesn't matter" has to be one of the worst AI takes I've seen...