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this post was submitted on 08 Jun 2024
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All of this talk is already 1 or even 2 years obsolete. While people were arguing about soft vs hard landing shit the stock market rallied to all time highs, they created an entirely new AI/Tech bubble and everything now hinges on whether or not that bubble will crash.
Bad data about the real economy, if and when it comes at all will be completely irrelevant to the mainstream economic analysis going forward.
Look at Nvidia, ridiculous
"AI" has got to be the most transparent grift I can remember
Crypto. Nfts. Ai. The trifecta of absolute bullshit that's actively made things worse
I wasnt really old enough to follow what we going on, but I think the .com bubble was like this. "get a website! E-commerce! Unlimited weatlh and beauty" and somehow no one stopped to consider that while E-commerce might be convenient, it wasn't going ot create much in the way of new markets. And then in 99 everything crashed and the end of history ended for the first time.
If anything e-commerce just cannibalized revenue from brick & mortar stores and killed malls. So the tech stocks popped while RIETs got killed
They just need a new buzzword to keep tech prices from crashing until they find a new buzzword to keep tech prices from crashing until they find a new buzzword