Post #3767475

2026-06-26 19:49 UTC

#bubblewatch update: While tech stocks melt down, because investors finally started doing the math and realized it doesn't add up, Ed Zitron is still ahead of everyone else in understanding the problem. In this case he's pointing out #AI is a Cargo Cult because they've ran out of ideas and can only mimic the forms of a viable business. > Cargo Culture. https://www.wheresyoured.at/cargo-culture/ > The AI industry is fundamentally judged based on its symbolic similarities to bygone eras.

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@jackwilliambell@rustedneuron.com 2026-07-07 17:33

#bubblewatch update: Russ Mould is saying the #AI #bubble has expanded too far and will badly hurt the wider #economy when it pops. He bases this on an abnormal Shiller CAPE ratio indicating S&P 500 stocks are insanely overvalued. > On Black Tuesday, the day that kicked off the worst financial catastrophe in modern history, the ratio was 32.5 — 8.5 points lower than it stands today. > https://en.wikipedia.org/wiki/Cyclically_adjusted_price-to-earnings_ratio Paywalled link: > https://www.telegraph.co.uk/money/investing/stocks-shares/golden-decade-us-equities-may-have-run-its-course/ Summary: > https://futurism.com/future-society/impending-market-collapse-ai-bubble-stocks-overvalued

Open ##3767474