@rk @david_chisnall @cstross @Dtraslerwriting this is why i've been talking for the past year or so about Great Depression 2
an opinion i arrived at just looking at AI bubble economics
we're already in pre-recession. it's gonna be bad. get to know your neighbours.
@davidgerard @rk @david_chisnall @cstross @Dtraslerwriting the AI bubble plus the tariff madness, the fuel crisis, and the huge cuts to government spending… it’s going to be ugly
@scm @davidgerard @rk @david_chisnall @cstross @Dtraslerwriting Don't forget crop failures and drought.
@foolishowl @scm @davidgerard @rk @david_chisnall @cstross @Dtraslerwriting
Good thing we're reducing rainfall and restricting the import of fertilizer!
@davidgerard @rk @david_chisnall @cstross @Dtraslerwriting
It's making me reconsider buying gold or some other hedge product if there's a collapse. (RAM chips are already overpriced)
@AlisonW @davidgerard @rk @david_chisnall @cstross @Dtraslerwriting gold and stocks, alas, are mostly independent in crisis. It's of course possible people are rushing to gold for safe haven. But it's also possible investors are selling their assets to raise cash crashing the price of gold.