Adam Dalliance
Working on an interactive #vr #scifi story, that involves lots of #programming and #animation and #art: @starship@starshipsd.com
I sometimes talk about #left #politics and #anarchy.
There's also the tarot show: @wordcloudtarot@wordcloudtarot.com
And you can follow my links feed: @linkbot@dalliance.social
Clacton! Lights out and away we go.
Count Binface - RHLSTP 543
Richard Murphy has a good story here about why the coming crash will be the biggest ever, and caused by OpenAI, Anthropic, and SpaceX.
Because these 3 IPOs are about to happen, and be massive, they will immediately and right away take up a large fraction of the S&P and Nasdaq stock indexes.
That means all the fund managers who run funds tracking the S&P and Nasdaq will have to buy enough of those 3 companies to make them a large fraction of the funds. Selling everything else to buy OpenAI, Anthropic, and SpaceX. Pumping their prices further.
Now the valuations of those companies is based on them being able to do all the jobs really. Which they can't. Because there isn't enough water or power, even if they do have the compute.
So they have to crash back down to something that isn't this fund-inflated price, isn't this overvalued price where you assume there's infinite water and power, but is a realistic price much much lower.
And that tanks everything so much they rich will be begging for bailouts because they continue to use to much margin.
People are saying the public are massively uninformed because they think migration is going up even though actually net migration has gone down so much it's frankly a threat to the economy.
But the people don't think the way the statisticians think. When they are asked "Is migration going up" they say, "Yeah, sure, lots of extra migrants are turning up every year."
And they are NOT wrong. Net migration is still a positive number. The number of immigrants in the country is still increasing.
The idiots correctly think the press is just pulling a fast one. Doing some numbers trick to pretend the number of immigrants is going down when it is in fact still going up.
The idiots are wrong about whether immigration is good or bad, they are wrong about the reasons they want it to be lower, it is terrible news that net migration has dropped so much.
But they aren't wrong about the press trying to pull the wool over their eyes and trying to trick them into thinking it's going down when in fact it's just going up slower.