Stock Market Thread
- Thread starter Australia Sucks
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Michael Burry, the one who had predicted 2008 crash (the one they made Big Short movie about) has recently opened a short on Nvdia and predicts AI bubble burst. In his analysis it's mosty about accounting manipulations that have to do with chips becoming obsolete in real life versus on the books, this affects how earnings are calculated.
On the other hand, there is an opinion the Fed is expecting to keep cutting rates propping the stick market up, despite increasing inflation, because their unspoken bet is on increase in productivity due to AI. Good luck with that, any increases in "productivity" in their exponential growth scam that they call "economy" will be accompanied by similar increases in unemployment. May be that's what they are betting on, actually, on the short run, highwer unemployment (which they will lie about, as usual, all the part time minimum wage survival is counted as "employment") dampening the inflation.
I watch Bloomberg TV all day long. The levels of disconnect between the Financial Elites and the rest of us is absolutely astonishing. Great post.
He is using a paradigm that doesn't work to evaluate what is going on. It's over a decade plus old, and we've never been in this scenario before, where everyone is using fiat and the dominant force has many tricks to keep things liquid such that deflation will not happen like the "great depression". Will that continue to crush and eventually annihilate the middle class? Yes. It won't last, but it'll last way longer than his current 0-fer run, much like Peter Schiff's embarrassing run. I could mention at least 5-10 other names right now in that "crash" & doom-click cycle but won't.
They hope, but they won't get it in the timeline that matters regarding anything remotely similar to make things what they were even like in the USA in the 2000s. We're staring at a total regression to the mean of the USA to the standard human civilization and nation state reality: small numbers of elites and mostly sustenance people. The scam is just to default on the debt via inflation of course. How they "fix" the state pensions and health care issues that are coming will be funny. SSA can actually be a little more solvent or drawn out.
In 5-8 years the current top 10% of people will morph into a similar situation where only 5% have that equivalent wealth and standard of living. I think that trajectory has been 5% per decade since 2000.
