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paleotn

(23,104 posts)

9. Big tech was causing serious financial instability...

Reply to JCMach1 (Reply #2)

Mon Jun 29, 2026, 11:56 AM

Monday

back in 2025 when we were in the midst of an oil glut and gas was under $3. Borrowing a ton of money on ephemeral hype and fever dreams tends to do that. When they can't service the debt because "build it and they will come" is a grossly irresponsible business plan, the cascade of defaults spirals. 2007 / 2008 on steroids.

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Highlight:

Central Bankers warn AI Bubble is similiar to conditions before the Great Depression [View all] SamuelTheThird Monday OP

Hope for the best, prepare for the worst. oasis Monday #1

So I guess the coming oil crunch will have nothing to do with it... JCMach1 Monday #2

The 2007-08 crash was immediate preceded by $120+ prices per barrel of oil AZJonnie Monday #3

It is rarely so simple as one thing no matter what the MSM JCMach1 Monday #4

Big tech was causing serious financial instability... paleotn Monday #9

Th JCMach1 Monday #12

Krugman compares it to the tech bubble: tremendous over-valuation of companies that are making no profits. Martin68 Monday #5

It's worse than the tech bubble SamuelTheThird Monday #14

Yes. LudwigPastorius Monday #15

Good points. Krugman also pointed out those facts. Martin68 Monday #17

It's not about the technology at this point, it's down to just a giant grift and cash grab ToxMarz Monday #6

Exhibit A: f-eloon cashing out not fooled Monday #7

Perhaps, but many don't know. paleotn Monday #11

I have been saying for some time that conditions are very similar to the period just before the Great Depression. flashman13 Monday #8

Not to worry. We got the best president ever, running the country unlike before the Great Depression. People are 3Hotdogs Monday #18

Not a secret. Was reported on before the 2024 election. Blue Full Moon Monday #10

Yeah, but look who is saying it now SamuelTheThird Monday #13

It's the dot com bubble all over again. CaptainTruth Monday #16

It could be worse Renew Deal Monday #19

I fear it's going to be worse. Initech 13 hrs ago #20

Me too.... CaptainTruth 10 hrs ago #21