Want to wade into the snowy surf of the abyss? Have a sneer percolating in your system but not enough time/energy to make a whole post about it? Go forth and be mid.
Welcome to the Stubsack, your first port of call for learning fresh Awful you’ll near-instantly regret.
Any awful.systems sub may be subsneered in this subthread, techtakes or no.
If your sneer seems higher quality than you thought, feel free to cut’n’paste it into its own post — there’s no quota for posting and the bar really isn’t that high.
The post Xitter web has spawned so many “esoteric” right wing freaks, but there’s no appropriate sneer-space for them. I’m talking redscare-ish, reality challenged “culture critics” who write about everything but understand nothing. I’m talking about reply-guys who make the same 6 tweets about the same 3 subjects. They’re inescapable at this point, yet I don’t see them mocked (as much as they should be)
Like, there was one dude a while back who insisted that women couldn’t be surgeons because they didn’t believe in the moon or in stars? I think each and every one of these guys is uniquely fucked up and if I can’t escape them, I would love to sneer at them.
(Credit and/or blame to David Gerard for starting this.)
Ed Zitron is now predicting an earth-shattering bubble pop: https://www.wheresyoured.at/dot-com-bubble/ so in other words just another weekday.
I am someone who does not understand the economy. Both in that it's behaved irrationally for my entire life, and in that I have better things to do than learn how stonks work. So I have no idea how credible this is.
But it feels credible to the lizard brain part of me y'know? The market crashed a lot during covid, and an economy propped up by nvidia cards feels... worse.
Personally speaking: part of me is really tempted to take a bunch of my stonks to pay down most of my mortgage so it doesn't act like an albatross around my neck (I mean I'm also going to try moving abroad again in a year or two and would prefer not to be underwater on my fantastically expensive silicon valley house at that time lol).
My problem with this is that I don't know what the actual spark for collapse would be. Like, we all know this is unsustainable vaporware, but that doesn't seem to affect the market at all. So when does this collapse? People have been talking about the collapse for two years now. Is there anything that prevents the market from just remaining insane forever and ever in perpetuity?
The market can remain irrational longer than you can remain liquid (a classic quote typically gifted anyone who wants to “time the market”, but generally very applicable to anyone these days)