Post #4129671

2026-07-26 20:19 UTC

@cstross@wandering.shop @datarama@hachyderm.io @jplebreton@mastodon.social @petealexharris@mastodon.scot do we know how much of it is really traditionally financed? I thought much of it was "just" investment capital. If it's that much in loans then it's bigger than the subprime mortgage crisis though

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@capriciousday@mastodon.social 2026-07-26 20:26

@cstross@wandering.shop @datarama@hachyderm.io @jplebreton@mastodon.social @petealexharris@mastodon.scot https://www.tomshardware.com/tech-industry/big-tech/ai-tech-companies-have-hidden-debt-worth-around-usd1-65-trillion-report-claims-amount-is-122-percent-of-debt-reflected-on-the-balance-sheets-of-alphabet-amazon-meta-microsoft-and-oracle <- maybe roughly equivalent to subprime mortgage crisis/2008. Although in the UK in "theory" lending banks are supposed to have much bigger reserves today relative to what they loan out which is supposed to be a cushion against this kind of thing, but that's assuming the accounting is above board and that cameron's government didn't secretly screw us... pros, lower interest rates? 😂

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