Bank of England flags risk of 'sudden correction' in tech stocks inflated by AI

For non-brits, Bank of England the UKs central bank and is a lot like the US Fed. Their comments carry a lot of weight and do impact government policy.

Not enough central banks were making comments about the sub-prime bubble that led to the 2008 crisis. Getting warnings about a possible AI bubble by a central bank is both significant and, in performing the functions of monetary and financial stability for a country, the prudent thing to do.

Re: Bank of England flags risk of 'sudden correction' in tech stocks inflated by AI

#7

Post by Pxtl » Wed, Oct 08, 2025, 2:45 PM UTC

Seems obvious.

AI is useful. But it's not trillion-dollars useful, and it probably won't be.

Re: Bank of England flags risk of 'sudden correction' in tech stocks inflated by AI

#8

Post by [deleted] » Wed, Oct 08, 2025, 2:46 PM UTC

[deleted]

Re: Bank of England flags risk of 'sudden correction' in tech stocks inflated by AI

#9

Post by ratelimitsteve » Wed, Oct 08, 2025, 2:48 PM UTC

boguscoder wrote: post #2

Any non paywalled links, please?

you can almost always go to archive.is or one of the other mirrors and paste in the original link. it will get you past the paywall and also give you a link that will get others past the paywall. it seems to be a monkey-see monkey-do part of the hackernews microculture that if a link is paywalled a commenter will throw up the archive link

Re: Bank of England flags risk of 'sudden correction' in tech stocks inflated by AI

#10

Post by ratelimitsteve » Wed, Oct 08, 2025, 2:49 PM UTC

this is how capitalism does things. no one wants to overinvest but no one wants to be left behind and everyone is sure that either there's not gonna be a pop or they can sell before it pops.

it has been educational to see how quickly the financier class has moved when they saw an opportunity to abandon labor entirely, though. that's worth remembering when they talk about how this system is the best one for everyone.