aaeschbury.bsky.social
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Thanks! Haven’t read it yet but there’s a WSJ article out I’m about asset backed securities for data centers so maybe those sneakers bankers are finding a way to construct a new house of cards our do this latest bubble. Exciting time.
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Honestly curious, what makes this orders of magnitude worse than 08? Do all banks have zillions of dollars of AI loans on their books? I’m not really doubting you I just don’t know the mechanism by which the tech industry self immolating expands into the broader economy the way mortgages would.
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You teach people to kill, they kill. A small number keep killing after you stop paying them to do so.
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It’s sort of right there man. You teach a person to be a hammer (successful killing machine) every problems a nail (terrorist act).
This feels almost self evident?
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Have you read Filterworld? It’s a pretty good cataloging of the specific ways algorithms suck.