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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)

submitted 1 day ago by cm0002@lemmy.zip to c/usa@midwest.social

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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] explodicle@sh.itjust.works 0 points 17 hours ago (1 children)

That's why I protect my retirement from bubbles by investing in Bitcoin.

[–] DrDickHandler@lemmy.world 1 points 6 hours ago

People are so fucking stupid these days I can't tell if it's a joke.