Post #4129672
2026-07-26 20:16 UTC
@capriciousday@mastodon.social @datarama@hachyderm.io @jplebreton@mastodon.social @petealexharris@mastodon.scot There's so much credit cycling through this glorified ponzi scheme that if the bubble bursts it'll take the US finance sector down with it. (The FAANGs allegedly have a $1.6Tn hole in their accounts due to circular investments.) And the UK can't be far behind.
Replies (1)
-
@capriciousday@mastodon.social 2026-07-26 20:19
@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