The circularity isn’t equal. OpenAI has promised $300B to Oracle (it doesn’t have) in fees/sales of Oracle services. Oracle is buying $100B from Nvidia fees/sales. Nvidia is investing $100B in OpenAI conditionally, but supposedly for OpenAI to pay for separate datacenter GPUs.
So Oracle stock pumped by $300B in value. it will never get the revenue, and the profit could be 0 even if it did. The weak link in the “circle” is definitely OpenAI. ChatGPT is not the best model. Very poor at coding, with MSFT switching to Anthropic. Megacorps cooperating with US military with datacenter approach is a bad idea, and local secure LLM at 10 tokens/second has better value than the mega models. Mega model datacenters are about Skynet as a goal.
The Red Dwarf episode?
Checkmate, libtards.
That’s half of the economy right now. Trillion dollar companies trading bundles of cash between one another.
No cash is being moved.
Two economists are walking in a forest when they come across a pile of bear shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, “You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can’t help but feel like we both just ate shit for nothing.”
“That’s not true”, responded the second economist. “We increased the GDP of the forest by $200!”
The punchline ignores the real reason they did it for humourous effect, making it funny but not illustrative.
They’ve added $300 billion to the GDP
Repeat as many times as you want.
Infinite GDP glitch
Which is exactly why GDP is so stupid as a metric of economic health, and precisely why it’s the primary indicator of economic health used by our government.
Because it’s bullshit they can point at and talk about how great things are while the real economy is breaking down around us.
IFIWEREARICHMAN
TRADITIONINNOVATION!
deleted by creator
They’ve also (hopefully) paid their due taxes on that.
Define “due taxes”? It’s all a net loss bc “we” paid so much in nontaxable stock options to our senior leadership so they could borrow more money and buy a 2nd plane to get from their private island to their new boat.
This shit is gonna crash so hard our grandchildren will learn about it in school.
i’m doing my part to accelerate this collapse, by taking whatever liquidity i can out of the system for myself. have extracted my yearly salary in just the last 2 month alone, just by buying calls and puts (practically zero risk, i don’t dare short stuff when everything is so massively overpriced)
soonwe i am 100% financially independent the sooner i can dedicate 100% of my time to undermining this abomination we have created in the states
my plan is to spam the overloving shit out of affordable, high quality, high density housing anywhere and everywhere i can (forcefully urbanizing this country, and undermining all rent-seeking parasites)
I have no interest in finance but I have a big retirement account. Can you explain how to do this so I can help too?
to keep is simple, as I don’t know just how much you know (and I’m still very new myself tbh)
it’s all purposefully complicated with obscure rules and exceptions, all specifically meant to trip up new “players”, breaking some in the wrong way can land you in prison, while a slight variation might be perfectly fine.
what helped me the most is understanding just how truly rigged the whole thing is, and what helped the most there was a book called Reminiscences of a Stock Operator, everything in it applies frighteningly well to modern day markets even though it was written over 100 years ago.
the biggest most important lesson is…look at everything like a scam designed specifically to extract as much $ from you as possible (which, is especially in low overall-trading volume levels like now, is 100% true. that’s fundamentally what bubbles are, people deliberately running the price of stocks up). it’s a zero-sum game, in order for you to gain someone else has to lose.
whether that’s bonds, stocks, futures, whatever.
but…there are 2 very fundamental rules that always reassert themselves eventually.
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the true value of the underlying security, and if a company doesnt pay out a dividend…that means it’s stock is functionally worthless
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the line MUST go up/down eventually
the more of a disconnect between those 2 things there is, the more someone who knows 1 can take advantage of someone who only thinks in terms 2.
and the best way to do that (for plebs atleast) is…exercising stock-options. the US market, contrary to…literally every other market on earth, has this little rule that allows you to exercise options early.
so for example, say someone sells you a put option on SPY 3 years out, strike…780. right now that’d cost about 12,500/contract to buy. if you bought that and SPY dropped under 655 anytime in the next 3 years…you could exercise it immediately for a profit.
right now spy is 658…a 3 point drop between now and 3 years out…that’s practically guaranteed. free $.
but when someone executes those contracts on you, if you don’t have the underlying, 1 of 2 things happens…you start paying your broker interest to borrow the underlying (at an ever increasing rate) or they forcibly close your position, which if your over-leveraged enough means…you get liquidated.
the issue is though, in a bubble, when everything is overvalued…how to do you safely play the casino without owning the underlying?
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I hope we still have schools by then
I don’t remember how long ago I first saw this one, but I am deeply grateful it’s still making the rounds every time I see it.
I hope humanity is still around by then
When is that? In the year 2525?
I shall endure and rage to thine descendants about the folly of economic incest!
The ancient craft of making bubbles.
How do I insert myself in this triangle?
meme of guy pointing at a butterfly
Is this the time velocity of money?
Wow! A magic socket that multiplies 0V to 5x110V (you’re using Volts over there, are you?). Genius! And it’s using AI!
I’ve already sold a thousand of them and I haven’t even made a Kickstarter account yet.
Too sad, there’s no 220V variant supporting serious connectors. I’d take a thousand and MAKE MY OWN ELECTRICITY!!!
trickle down economics
Not quite. It lacks the point where it steals from the ground what will trickle down then.
