this post was submitted on 02 Mar 2026
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This might age poorly, but wishful thinking, I think.
Nothing about the "AI" speculative bubble is likely to be impacted by the war in Iran.
oil skyrocketing in price and the economy and stock market taking a huge hit could cause the investments required to prop up the bubble to run out of steam
The parts of the ~~economy~~ stock market that would be heavily impacted by oil prices are already in the gutter.
Literally all of it. https://www.investopedia.com/ask/answers/06/oilpricesinflation.asp
You're not wrong. Does not refute my claim though.
Segregate the market into "AI" and "non-AI" segments for simplicity.
Looking at the thousand or so "investors" who's money matters at this scale, there's no point in selling "non-AI" stock to fund "AI" investments already, these markets are already low. Adding the Iran war to that isn't changing anything. More likely, they are borrowing against existing "AI" stock and reinvesting that (oversimplification, but speaking broadly). Additionally, one of the big sources of these loans is Saudi Arabia, which benefits from the higher oil prices.
The only other way in which oil prices impact "AI" is through energy costs, which impacts the immediate profitability of "AI", which "investors" have shown they are unconcerned with.
Or, to simplify,
Two things that have also failed to manifest, in large part thanks to the prolific state spending following COVID.
Keep in mind, the event that really knocked over the tower of cards in 2008 was Greenspan's decision to raise interest rates (very sharply) in 2007. Trump's very obviously not going to do that. If anything, he's been working overtime to get interest rates lower, because he knows cheap money = high (raw) GDP growth and low unemployment.
What we're seeing isn't recessionary. It's a glacial shift in the economic priorities of the US, from a post-Reagan titanic banking juggernaut to a post-COVID more-WW2-style global arms depot. The US economy increasingly makes cops and bombs and machines that assist cops and bombs. And there's no recognized upper limit for demand on these goods and services. Not under current geopolitical conditions, anyway.
We're still only 3 days into this war. And yet this is already manifesting right now in real life as we debate it on the internet. https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-sink-while-oil-prices-jump-as-iran-attacks-jolt-markets-235000934.html
Yes, agreed, this is very obvious. Because Trump does not have control over the interest rates.
The second big Iran-Israel conflict in less than a year.
Ah yes. A total nosedive of 0.30%.
This is the Uno-Reverse "Why you complaining when the DOW is over 50,000!" line. Any token sell-off gets reported on like it's Black Friday.
He's lining up his pick to replace Powell as we speak.
I'll come back to this in 4 weeks. See you then 😉
You gotta at least give yourself a full Friedman Unit.
I wouldn't take any kind of advice from Friedman...
Why would a war with Iran cause oil prices to skyrocket?
https://en.wikipedia.org/wiki/Strait_of_Hormuz
https://www.reuters.com/business/energy/saudi-aramco-shuts-ras-tanura-refinery-after-drone-strike-source-says-2026-03-02/
The prices are what they were in January, according to the article.
The article is from yesterday, the prices went from 65$ to 70$ compared to yesterday. Not huge, but an increase.
They already are.
If anything, department of war spending on AI might prolong the bubble.
Nah, the DoD contract is also very likely running at a loss, like every other subscription.
Makes you wonder if that was the idea. They used AI in the Venezuela attack, too.
There's also the betting market that Trump is very friendly towards, and we've already seen bets on military strikes pop up days before anyone knew about it, so someone's making money on insider info.
Meme feels like