301–310 of 321 posts
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What does the Bible say about collecting interest on loans (the necessary part for making mortgage backed securities)
"Do not charge your brother interest on money, food, or any other type of loan. You may charge a foreigner interest, but not your brother." - Deuteronomy 23:19-20
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Sure who cares if we wipe out 15% of everyone’s retirement right as long as it’s got some schadenfreude involved.
If it’s a bubble, then the long term value people are now counting on to retire with in the future is not actually real though, right? Like a bubble popping doesn’t destroy real value that used to exist, it exposes fictional value that never really existed.
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That's only really value if the chips are useful and if there are people buying the chips for something they want to do with them. It's entirely based on the perception that LLM training & inference is here to stay at ever growing scales when the shortcomings of Artificial Dreaming are increasingly scrutinized. Not all businesses want to end up paying refunds to their clients like Deloitte [1] because the LLM halluci…
Deloitte just bought like 400k Claude enterprise licenses. Bad example.
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Both Jensen Huang and Sam Altman seem to believe. Here's them 2 weeks ago being interviewed https://www.youtube.com/watch?v=jVBzsg3yCK4&t=40s Also Brockman: >And so, you really want every person to be able to have their own dedicated GPU, right? So, you're talking order of 10 billion GPUs we're going to need. This deal we're talking about, it's for millions of GPUs. Like, we're still three orders of magnitude off of…
"this world where the whole economy is powered by compute" Is actually laughable.
I guess they figure once they have the users they'll monetize somehow but that bit's kind of iffy.
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> You sound like you know what you’re talking about. Honestly, I'm not an expert either, but I've run a company, and I can all but guarantee that credit_guy above really does not know what he is talking about.
what is incorrect with what they are saying?
I've replied else-thread, in detail, on exactly why his analogy to mortgage and car loans are incorrect.
His main point that "these deals cannot be circular because mortgage and car finance are not circular" is incorrect. The mortgage and car finance deals are not analogous to the Nvidia/OpenAI or AMD/OpenAI deals.
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"this world where the whole economy is powered by compute" Is actually laughable.
I agree, though it's not out of the question that there could one day be a single country whose economy relies entirely on data centers, similarly to petrostates. Maybe we'll call them datastates, or compustates.
I agree with the idea but it is no certainty.
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Equities in the US are priced in dollars. If you think the dollar is going to lose value(because the government is led by people who have repeatedly told you this is their goal) then you expect stocks to rise commensurate with the devaluation of the dollar. I am not a bitcoiner or saying the USD is done for, but it seems clear that the dollar is weakened and will continue to weaken and this is a significant risk for…
Why would stocks raise with commensurate devaluation of the dollar? Stocks financial positions (assets / liabilities / cash flow) are most likely denominated in dollars..... If companies' financial position would be denominated in something else (gold / Yen / Euros / CNY) this comment would make more sense to me....
If the USD loses half its value, the value of Microsoft does not change.
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These sorts of outlooks are notoriously hard to predict. Paul Tudor Jones (one of the most successful investors of our time) is of the mindset that if anything we are about to see equity appreciation far in excess of what we have seen for decades. https://fortune.com/2025/10/07/paul-tudor-jones-hedge-fund-b... If that's the case, right when you're looking to rebalance your portfolio, you're going to be looking at a m…
> These sorts of outlooks are notoriously hard to predict The gut feeling you're about to lose your life savings isn't worth it for a lot of people, when I had most of my money invested it was always in the back of my mind. I cashed out and bought land/started building a multi generational house. All doubts and fear disappeared overnight, I'm for sure losing money compared to going all in on Nvidia or even btc, but I…
Never touch your portfolio except to rebalance and only rebalance based on risk, not the market.
When the market goes down, delete your banking apps and reset your passwords to random characters. Never sell
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> These sorts of outlooks are notoriously hard to predict The gut feeling you're about to lose your life savings isn't worth it for a lot of people, when I had most of my money invested it was always in the back of my mind. I cashed out and bought land/started building a multi generational house. All doubts and fear disappeared overnight, I'm for sure losing money compared to going all in on Nvidia or even btc, but I…
> I cashed out and bought land/started building a multi generational house interestingly, my wife and I have discussed this a lot too. We have 20 acres in SE Oklahoma that we got a really good deal on during the pandemic, the land is unplatted and the realtor didn't know there was water and power service already setup by the previous owner. We want to build a small cabin/house over the next couple years. It's like a…
No you can't.
Yeah I spoke to my wife a few min ago about these deals and other indicators of a bubble. We’re updating our 401k’s and the old college fund brokerage account in the morning and have agreed to not make any additional changes until Jan 2027. Going to sit out a year and see what happens.
If we end up with inflation rather than a market crash, this could be quite costly? Gold is up 50% this year, which hype is more correct than the other?
Like guys... Gold is always worth the same. It's the other currencies that change in exchange rate with gold.