MSM is too scared to talk about these topics. If the AI companies fall, the global markets will crash. Banks lend out too much money to those companies, same for retirement funds and the owners of those media.
This might be a case of too big to fail and “look out China will use it to destroy us”. That’s what those AI companies are betting on at this point. Their last hope, apart from continuing the deception for as long as possible.
I don’t want them to plan their lives around it. My brother is thinking of switching career and my parents have some investments etc based around line-go-up.
But also I just look like a conspiracy guy until the bubble pops, but then im the “i told you so guy” and that sucks.
I would just tell them to think long term instead of focusing on the new shiny thing. Software development is still a perfectly valid skill to learn, and if your investments are in tech ETFs or mutual funds, they’ll be managed and hedged against avoid losing a significant amount of value.
If they still want to chase the shiny thing, you can’t logic them out of an illogical position. All you can do is recommend they have a fallback cushion, and only invest time/money/effort that they can afford to lose.
I’d love more of the msm to pick up these articles.
I need to convince my family this current state of AI is just smoke, mirrors and debt, but i need a normie-credible source to anchor it.
Does anyone know of one? Guardian would do.
MSM is too scared to talk about these topics. If the AI companies fall, the global markets will crash. Banks lend out too much money to those companies, same for retirement funds and the owners of those media.
This might be a case of too big to fail and “look out China will use it to destroy us”. That’s what those AI companies are betting on at this point. Their last hope, apart from continuing the deception for as long as possible.
China is already eating our lunch in everything else. At this point, I’m just gonna learn some mandarin and wear a jade necklace.
Why do you need to convince them?
I don’t want them to plan their lives around it. My brother is thinking of switching career and my parents have some investments etc based around line-go-up.
But also I just look like a conspiracy guy until the bubble pops, but then im the “i told you so guy” and that sucks.
I would just tell them to think long term instead of focusing on the new shiny thing. Software development is still a perfectly valid skill to learn, and if your investments are in tech ETFs or mutual funds, they’ll be managed and hedged against avoid losing a significant amount of value.
If they still want to chase the shiny thing, you can’t logic them out of an illogical position. All you can do is recommend they have a fallback cushion, and only invest time/money/effort that they can afford to lose.
They’re not chasing the shiny thing. Theu just think it’s business as usual.
I’m not sure what they’d do differently, but they’d be able to make the decisions based on all the info, as opposed to what they have now.
“hedged against… Losing a significant amount of value” boy do I have bad news for you about the ETF industry.