195
Stock futures drop as Wall Street confronts the ‘blue tsunami’ threat to the AI boom
(www.nbcnews.com)
this post was submitted on 04 Nov 2026
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Fuck AI
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Some utility does not preclude a bubble.
Almost every bubble has a solid core of value in there, it just doesn't match the level of financial investment associated with it.
2007 bubble featured housing as a pillar, and of course housing is highly valued. The internet tech bust of 2000, and clearly the internet had a role to play, even a transformative one, but still a financial bubble.
Here we have a blend of bubble factors:
With all those factors in play simultaneously with the impossible magnitude even in relative terms compared to bubbles past.... When it pops it's going to be nasty. We have more understanding and techniques to manage such a case, but they will be strained in unprecedented ways.
Let's hope for the collapse of AI 😅 , Humanity can live without AI!
I'd be totally happy if that level of retreat from the technology happen. But I'll at least settle for people to get over the novelty and stop being so obnoxious about it, and for it to stop pushing datacenters to people that don't want them by corrupting the local governments.
Worker unions are important; not rich/oligarchs class divides and controls them. Blue-collar, white-collar, etc.- all of them are the labor class. Anyone who works for someone else and sells their knowledge or skills in exchange for a salary is part of the labor force