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Joined 3 years ago
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Cake day: June 18th, 2023

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  • It‘s funny. The people who betted against the housing bubble knew 2006 would be the year where none of this was sustainable anymore. The bubble burst in 2008 and they had to take several loans to finance their bet. Despite it being obvious to us now and a few insiders back then, that bet was highly risky because you never know who might help the market go down a self destructive path for how long. Even when everyone already knows it‘s a bubble they might spend a $trillion more just to keep up the illusion. The government will bail them out anyway, right? So why not take the entire economy down with them?








  • The whole business model of tech startups is to lose money until you cornered the market and make unfathomable amounts of money. By the time you realize „well shit, it really was the biggest heist in history“ it‘s already too late. They are too powerful to be punished for it. So this definition of yours plays right into their cards. The only saving grace here is that AI will never be profitable. But people said the same thing about Youtube and now it looks like Google might swallow Disney soon.