I describe it as both a bubble and the next industrial revolution. It's not so much inflated as it is far ahead of itself IMO. Kind of like NVDA stock over the

I describe it as both a bubble and the next industrial revolution. It's not so much inflated as it is far ahead of itself IMO. Kind of like NVDA stock over the past nearly 3 decades. The talent out there is all focused on a tiny number of tasks and benchmarks in service of the AGI cult whilst the real gain is scattered amongst everything else with no staffing to build it. So I see a bust much like the dotcom bubble in the arbitrary future, but then it corrects surprisingly quickly shortly thereafter and the engineers of that bubble will have gotten out temporarily well ahead of that bust, buying back their assets at 50% or greater discounts and the broader base of retail investors are screwed as usual. As for impacts on the economy. Meh. They're already starting to ignore the ramblings of the Orange in Chief (the guy shuts down the federal government and the entire stock market yawned last week). The weakly efficient market abides and it's been burned enough times already by the TACO trade. It'll get through this. But oh the whining that will ensue on the corporate media.