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The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops (futurism.com)

submitted 10 months ago by tonytins@pawb.social to c/technology@lemmy.world

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[–] neukenindekeuken@sh.itjust.works 4 points 10 months ago (3 children)

Depends on when the bust happens. If its in the current admin? All those tech companies are getting bailed out.

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[–] Fermion@mander.xyz 3 points 10 months ago (2 children)

I think that might actually send the US into a debt spiral that would require leaning into printing and inflation. Net interest for FY25 is $933 Billion putting servicing debt as the third largest federal expenditure. Any bailout will either be insignificantly small or will tank the dollar.

I'm not saying you're wrong, but it would be an incredibly stupid thing to do.

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[–] skulblaka@sh.itjust.works 4 points 10 months ago