Depending on which metric you prefer, something between 70% to 90% of last 6 to 12 month growth in US stocks is from AI companies of companies with huge drives for AI.
The financiers knew the housing bubble was going to pop (as it currently is), so, they blew a new one, to keep the charade going a bit longer.
This new bubble is of course even more obviously absurd.
It could pop at literally any moment, and then Wall Street will join Main Street in the currently ongoing Second Great Depression.
There you go, theres my best “tldr: the economy these days” from an econometrician who has been unemployed so long I am not even in the labor force, but I don’t want to start rambling about how all our econ stats are bullshit.
… thought this was an Onion type article.
…sigh…
Not the onion.
Now I read reporting that some US-bubble may bust.
Their only growth is seemingly purely virtual, again.
Oh I mean here’s the simple version:
Depending on which metric you prefer, something between 70% to 90% of last 6 to 12 month growth in US stocks is from AI companies of companies with huge drives for AI.
The financiers knew the housing bubble was going to pop (as it currently is), so, they blew a new one, to keep the charade going a bit longer.
This new bubble is of course even more obviously absurd.
It could pop at literally any moment, and then Wall Street will join Main Street in the currently ongoing Second Great Depression.
There you go, theres my best “tldr: the economy these days” from an econometrician who has been unemployed so long I am not even in the labor force, but I don’t want to start rambling about how all our econ stats are bullshit.
I accept this.
Well thank you =D