5 ms·

So is this the start of 2008 2.0?

• candiddevmike 4y ago
  I think the real start of it will be after the GPT hype dies down. Everyone is racing to build/add AI things and the hype around that is preventing a freefall in the tech sector, IMO.
  • vkou 4y ago
    A bunch of overpriced tech firms isn't the kind of systemic problem that massive fraud in the 'AAA' mortgage sector was. It is, of course theoretically possible that some crooks repackaged and sold a bunch of equities as a 'safe' investment instrument to a bunch of morons, on a truly gargantuan scale. But if that has happened, nobody has heard about it.
    • htrp 4y ago
      >But if that has happened, nobody has heard about it. Spacs have entered the chat
      • vkou 4y ago
        SPACs repackage garbage equities into other garbage equities, with a few institutional investors hoping to make a quick buck on their equivalent of the IPO pop. They are also a tiny percent of the overall equities market, and are largely seen as a failed experiment. They don't seem contagious.
    • zer0tonin 4y ago
      > It is, of course theoretically possible that some crooks repackaged and sold a bunch of equities as a 'safe' investment instrument to a bunch of morons, on a truly gargantuan scale. But if that has happened, nobody has heard about it. I'm pretty sure it has not only happened but pretty much everyone is aware of it.
    • JumpCrisscross 4y ago
      > some crooks repackaged and sold a bunch of equities as a 'safe' investment instrument to a bunch of morons, on a truly gargantuan scale This doesn’t tend to cause crisis. When that equity is packaged into debt is the problem. I’m not seeing that yet.
• f0ld 4y ago
  More like Great Depression 2.0