It is not "normal" to run a 4 year money loser and claiming to be worth billions.
Only in made up financial land does that work, and causes cyclic depressions where the working class loses wealth, and the oligarchs further concentrate wealth in their hands.
And you said its driven by companies making money... the big AI companies driving this bubble are losing money.
Being in a non-federal government job, in a non insane state.
The problem isn't the imaginary market, which I agree with the description. Its the leveraging of debt, to gamble in the market, which is what low interest rates enable.
And yes, our interest rates are VERY low still. I'm looking at some ARM packages right now, and their max lifetime interest rates are on par with what a typical mortgage was about a decade ago.
The vast majority of what’s happening here is not debt.
Most of what is going on in the AI sector is most certainly debt leveraged. Like, I'm looking at the books for several companies deep into AI.
I mean, how much profit is OpenAI turning right now?
Goldman Sachs also though NINA mortgages were a good idea, and they also thought it was a good idea to bundle bad mortgages in with good mortgages, and find a rater to mark them AAA investments.
And then we saw how that worked out.
I don’t think the AI bubble will burst is because it is driven by companies that actually make money.
Last I looked, the big AI companies are all hemorrhaging money.
Oh, yeah, I guess I kinda tossed that out there, as they do host a ton of servives. However, its very welcoming as an onboard ramp to learn about *nix stuff. Just ease yourself into that, while exploring Disroot and RiseUp :)
Tildeverse.org
Disroot.org
Riseup.net
Instead of self hosting, why not try better offerings?
Most anything you probably use Google for, you can do with a disroot account. Riseup is a great group, with many similar services (not all). The tildeverse also has myriad replacement services.
Just try to support them, financially.
Might fire the first shot, but they won't be firing the last one.
That's always been the case.
A delusional market, is, by definition a bubble.