I think the fact that an elderly and highly opinionated jazz critic - whose usual output is Luddite-tinged moaning about the music business - has turned to clickbaity headlines about AI tells you need to know about bubbles.
Havoc · 1h ago
The AI aspect of this worries me far less than the financial. The world can continue without a chat bot. It can’t if the financial system collapses
And an alarmingly large number of things in financial world are starting to look shaky. I he A.I. bubble might tip it over
austin-cheney · 2h ago
> How can you tell if a tech bubble is about to burst?
A bubble bursts when debt obligations exceed the ability to maintain that debt for multiple parties simultaneously, which results in a collapsing debt spiral.
It is challenging to tell when the collapse is close and even once it has started. Because it is challenging to predict the moment of burst the best course of action is to limit exposure by transferring the high risk obligations to someone else before everyone else rushes to do the same.
runlaszlorun · 19m ago
> A bubble bursts when debt obligations exceed the ability to maintain that debt for multiple parties simultaneously, which results in a collapsing debt spiral.
Is this true? Not challenging this but hadn't heard bubbles tied to debt instead of market prices on equity or similar valuations.
And an alarmingly large number of things in financial world are starting to look shaky. I he A.I. bubble might tip it over
A bubble bursts when debt obligations exceed the ability to maintain that debt for multiple parties simultaneously, which results in a collapsing debt spiral.
It is challenging to tell when the collapse is close and even once it has started. Because it is challenging to predict the moment of burst the best course of action is to limit exposure by transferring the high risk obligations to someone else before everyone else rushes to do the same.
Is this true? Not challenging this but hadn't heard bubbles tied to debt instead of market prices on equity or similar valuations.
https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline...