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The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says (www.marketwatch.com)

submitted 1 day ago by kingofras@lemmy.world to c/ausfinance@aussie.zone

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cross-posted from: https://lemmy.world/post/36846875

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[–] Bob_Robertson_IX@discuss.tchncs.de 3 points 21 hours ago (1 children)

big tech is propping up the US economy at the moment

Watching the market it is very clear that there's something very weird going on... no matter what's been happening over the past couple of months, the market keeps going up. The most obvious is when the US government shut down this week, the market kept going up.

[–] naught101@lemmy.world 4 points 19 hours ago

Minsky moment. It's a Jenga tower, 90% of the "value" in the stock market is hype.