What's mindfuckingly frustrating is that EVERYONE (but the rich ass financial types) see it coming. And there is ABSOLUTELY NOTHING WE CAN DO to prevent or prepare for it.
this post was submitted on 27 Jun 2026
388 points (98.0% liked)
Technology
85775 readers
3744 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
We met with my mother's broker a few weeks ago (company rhymes with "Laymond Maims"). My brother expressed his concern about the AI bubble and the broker basically said CEOs are smart people who are legally bound to safeguard their companies and they wouldn't be so heavily invested in AI if there was any chance of its being a bubble.
Just one of the most dumbassed arguments I've ever heard. OK, then how did all the other bubbles in history happen? But it was equally dumbassed of my brother to expect a broker to say anything else. I'll bet he gets a fucking daily memo telling him not to let anybody de-AI their portfolios -- if that's even possible at this point.
The last few financial crises have led to massive wealth transfers to the 1%. I wouldn’t be surprised if some of the more accelerationist of them are trying to engineer them at this point.
And there is ABSOLUTELY NOTHING WE CAN DO to prevent or prepare for it.
sure there is.
- get a years supply of shelf stable food, preferably things with a decade long shelf life
- start a garden and fill it with staple foods that are nutritional and abundant
- install a solar system, no matter how big or small
- collect barter goods like alcohol, fabric, paper, hand tools, entertainment media, books, etc
- learn trade skills that can land you a job in a jobless market
these are just five things you can do now before the bust.
Oh they see it coming as well, but unlike us, they have the levers and means to come out on top of it.
They will keep the scam going until an IPO. Then cash out and let the rest of us fucked
Oh, come on. This is nothing like the Great Depression.
The Great Depression was caused by a supply side spending boom, producing massive excess of capacity, while nobody had any money to spend on anything.
...
Nothing like it, I tell you!
Is it possible that their attempt to be listed on the index is a way for private capital to cash in on their investments, leaving 401k funds etc holding the bag when the value dips?
There are numerous articles and analyses online exactly to this effect. It is absolutely the goal.
I mean the money was just sitting there in those 401ks they'd be foolish not to figure out some way to rob it for themselves
That's been my take on it for sure.
The fear is that, if the past is anything to go by, the AI boom will follow a similar arc to these other technology-driven infrastructure booms: a flood of speculative capital will flow in, leading to massive overinvestment, asset price bubbles and ultimately a crash as euphoria collides with a disappointing reality.
Shocking.
I'm only shocked that the "euphoria" hasn't collided with the disappointing reality yet. At least not catastrophically.
It seems the more abstracted the financial systems are, the more the finance industry can bullshit its way through. And at this point, money is just whatever numbers they type into their computers. Just completely made up and detached from reality.
OpenAI and Anthropic's IPOs +2-4 weeks is my best guess for when the market starts sliding. Investor money is already drying up, but too many rich people haven't cashed out yet, helping themselves (like SpaceX) to our index retirement funds to countersign withdrawals at the inflated valuations.
I'm on the fence after that if it'll happen slow or fast. Possible we'll get a Bear Stearns/Lehman type failure that brings down the world's markets, after a major player no longer has a blank check at multi-billion/quarter burn rates, and hits insolvency like a freight train. But also likely it could unravel more slowly like a sweater, as de-escalating levels of market access pull on the thread in turn.
Great, that means were gonna fight mecha hitler in the 2040s
Open enrollment for all art schools just in case…
Better load up Wolfenstein 3D again. We're ready for this.
You're training the AI on tactics to avoid
So you're saying we can train it to fight wrong, as a joke.
1929...2029...uh....help?
It’s gotta pop sooner than that or we won’t make it.
Theere won't be any money left that isn't trapped in the Nvidia > AI companies > Nvidia loop if it goes that long.
Just wait for the collapse and buy when the prices are low. As the markets recover the poor will get poorer and the rich will get richer. What is there to be worried about?
The reality that the rich will be bailed out with public funds, perpetrators and benefactors will receive no just consequences, and the economic hardship will destroy prosperity for multiple future middle class generations with unattainable retirement and runaway inflation.
So the usual stuff.
But that will only be bad for you if you're poor.
So, like 95% of us?
Joke's on them. All the public funds got used up on the last "too big to fail" bailout.