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In reply to the discussion: The Reason The Stock Market Is Booming [View all]ToxMarz
(2,598 posts)39. Yup, and in the mean time the people behind each venture are living high on the investors money
It's win-win for them. It they succeed, they hit the jackpot. If they fail it's one of the all time great grifts. They never do any of this stuff without making money on the upside and downside.
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AI is the reason for the booming market. It's a bubble. Not the same kind of bubble as 2000
Bernardo de La Paz
Friday
#9
The boom is clearly AI. From yesterday: https://www.democraticunderground.com/100220761906
flashman13
Friday
#32
Links in Reply titles do not work. The thing to do is to put them in the Reply text. . . . . nt
Bernardo de La Paz
Friday
#45
Other side of that coin: Employed labor are consumers. AI bots consume nothing, except maybe too much energy. n/t
thesquanderer
Friday
#21
In Oligarch Utopia us workers (the great unwashed) won't be needed after we're all replaced with AI and automation.
sop
Friday
#34
Other that massive amount of electricity, What goods and services will AI be purchasing and consuming?
mackdaddy
Friday
#18
"just a casino" is reflex cynicism which is countered by overwhelming facts.
Bernardo de La Paz
Friday
#46
Yup, and in the mean time the people behind each venture are living high on the investors money
ToxMarz
Friday
#39
Do they not realize laying off people will result in less consumers paying their goods and services and it
kimbutgar
Friday
#37
It's not just AI that's up. Here are all the sectors of S&P 500. AI is through the roof, but other areas are also up.
Melon
Friday
#43
You give figures for increases, but no basis, so they are completely meaningless
Bernardo de La Paz
Friday
#47