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>Will the cut really help pull the labor market up? The capitalists don't care about the labor market as much as they do the stock market. In Trump's crazy Ti
by buellerbueller 1y ago
>Will the cut really help pull the labor market up?
The capitalists don't care about the labor market as much as they do the stock market. In Trump's crazy Tilt-a-Whirl Policy and Tariff Generator (TM), what business would invest in expansion beyond what is necessary to grease the palms that need greasing? Way too much uncertainty. Time for stock buybacks.
- gruez 1y ago>what business would invest in expansion beyond what is necessary to grease the palms that need greasing? Way too much uncertainty. Time for stock buybacks. AI and AI related companies are the opposite of this.
- buellerbueller 1y agoYou're right, as far as I can tell, which will help further wreck the labor market and juice the stocks for the capitalists. AI companies are an existential threat to those who don't control the AIs. All of the "good AI" scenarios that the AIcolytes espouse assume we have bent AI to our whims permanently.
- brendoelfrendo 1y agoAI is not going to be able to grow geometrically forever. OpenAI and Oracle just signed a $300 billion contract. OpenAI doesn't have $300 billion. Oracle doesn't have enough chips on hand nor enough cash to buy them in order to fulfill these obligations. Based on RPO, Oracle is estimating that their cloud revenues will grow from roughly $10 billion now to $144 billion by 2030. That's insane, and yet it was enough to send their stock price up 25%.
- rsync 1y agoORCX exists … I was very tempted by long dated puts on this when the intro-day high of +40% was reached…