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Featured Replies

53 minutes ago, Vegas64 said:

I'm morphing into a delusional progressive in my old age. Sue me!

Become a pragmatic progressive, and maybe we'll start to get somewhere.

Seriously, we all need to start from a standpoint of "presume that everything that everyone else is doing is driven by pure malevolence and greed," then you can come up with some good policy options.  But stop even pretending that in this late-stage capitalism world, we're dealing with good-faith counterparties.  They want to bleed you of every dollar, and leave your empty husk on the side of the road.  Understand that and their motivation, and then you can make educated and intelligent choices.

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  • wild_turkey
    wild_turkey

    One of my many reasons for opposing AI is the concern that it will eliminate an extremely high percentage of human jobs, at a scale significantly higher than any other technology in history. This is a

  • I think 99% of our problems are economic.  That we are turning into a nation of a really small number of haves and a whole lot of have nots whose futures look pretty bleak.  That the culture wars are

  • Foosters
    Foosters

    is there a bot that can read all that for me?

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3 hours ago, immamac said:

No offense, but it just sounds like you have shitty DBAs. 

That’s probably true. But their incompetence becomes my problem.

31 minutes ago, Brisketexan said:

Become a pragmatic progressive, and maybe we'll start to get somewhere.

Seriously, we all need to start from a standpoint of "presume that everything that everyone else is doing is driven by pure malevolence and greed," then you can come up with some good policy options.  But stop even pretending that in this late-stage capitalism world, we're dealing with good-faith counterparties.  They want to bleed you of every dollar, and leave your empty husk on the side of the road.  Understand that and their motivation, and then you can make educated and intelligent choices.

While not that extreme and I joke, but I have become definitely more progressive on certain things in my old age. Namely marijuana legalization is 100% a no-brainer and billionaires and late stage capitalism is a scourge. I'm an agrieved middle class guy who is seeing the light that we are being squeezed and wrung out. "bled of every dollar and left an empty husk" as you so eloquently stated. 

It's we (99%) who have the leverage and grievances. It's they (1%) who should be changing for us. Fitting that today is Festivus, I guess.

Back to AI and the bubble, read this and though it appropriate and directionally correct:

Quote

 

It’s the burning question that everyone from Wall Street traders to retail investors is asking right now: Are we in an artificial intelligence bubble?

James van Geelen, a market analyst who spends a lot of time thinking about A.I.’s potential as a disruptive force in markets and business, gets the question a lot. And he’s quick to answer: “If we’re not, we’re going to be,” van Geelen, the founder and C.E.O. of Citrini Research, which specializes in megatrend investing ideas, told DealBook.

“Show me an instance over the past 300 years of a truly transformative technology that didn’t result in an asset bubble — railroads, steam engines, radio, airplanes, the internet,” he said. “When capital floods into a technology because everyone realizes that it’s transformative, eventually you get a bubble.”

By this time next year, we may be pondering a new question altogether: How big can the bubble get?

 

 

28 minutes ago, Vegas64 said:

By this time next year, we may be pondering a new question altogether: How big can the bubble get?

All the big.  We have a regime that is interested only in pouring as much coal as possible into the engine, damn the consequences.

The biggest consequence being all the damage done when a massively overinflated bubble bursts.

It ain't just about how big it gets.  It's about how much damage that ginormous bubble will do when it bursts.  Nobody at the wheel seems to care, not even a little bit.

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