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It will go back up when Meta borrows from Amazon to buy capacity from Oracle who buys silicon from Broadcom to fund GPUs from nVidia to let OpenAI enhance their

It will go back up when Meta borrows from Amazon to buy capacity from Oracle who buys silicon from Broadcom to fund GPUs from nVidia to let OpenAI enhance their app to make Facebook posts.

fooey 11mo ago
somebody has to feed the airoboros
JKCalhoun 11mo ago
And it will go (way) down when the music stops on that particular game of musical chairs.
- SaltyBackendGuy 11mo ago
  One of the scariest quotes I read from Why Markets Fail - John Cassidy, is a quote from a big wig at a large financial institution. While acknowledging being in a bubble the quote was "While the music is playing, you have to get up and dance".
  - rufus_foreman 11mo ago
    Chuck Prince from Citigroup. "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing" His explanation of the quote: '"My belief then and my belief now is that one firm in this business cannot unilaterally withdraw from the business and maintain its ability to conduct business in the future,” Mr. Prince said."' ... '"And if you are not engaged in business, people leave the institution, so it is impossible to say in my view to your bankers we are just not going to participate in the business in the next year or so until things become a little more rational," he said. "You can’t do that and expect to have any people left to conduct business in the future."' -- https://archive.nytimes.com/dealbook.nytimes.com/2010/04/08/prince-finally-explains-his-dancing-comment/ https://archive.nytimes.com/dealbook.nytimes.com/2010/04/08/... To me it looks like history proved him right. The largest institutions were the ones that got bailed out.
- BoredPositron 11mo ago
  Just fyi he never said that. It was the screenwriter who based it on a quote from a book without source.
CompoundEyes 11mo ago
They’re all carefree and confident the US government will bail them out on grounds of a national security threat in falling behind. Too big to fAIl
- zerosizedweasle 11mo ago
  I feel like they are just eating people on the bottom of the economy and then expect taxpayers to pay. Edit: People are literally being forced out of the country by cost of living https://www.wsj.com/personal-finance/retirement/middle-class-americans-abroad-d5d018f6 https://www.wsj.com/personal-finance/retirement/middle-class...
- potato3732842 11mo ago
  I can't think of an industry[1] more deserving of being left high and dry and less able to garner public sympathy than NYC banking and we let them get a bailout. But everyone hates CA, hates big tech, etc, etc, so maybe the political stars align and this will be the ones who finally set the "no bailout" precedent. [1] Well actually I can now that I think about it and it's the beltway bandits but that's beside the point.
deleted 11mo ago
[deleted]

It will go back up when Meta borrows from Amazon to buy capacity from Oracle who buys silicon from Broadcom to fund GPUs from nVidia to let OpenAI enhance their app to make Facebook posts.

fooey 11mo ago

somebody has to feed the airoboros

JKCalhoun 11mo ago

And it will go (way) down when the music stops on that particular game of musical chairs.

SaltyBackendGuy 11mo ago
One of the scariest quotes I read from Why Markets Fail - John Cassidy, is a quote from a big wig at a large financial institution. While acknowledging being in a bubble the quote was "While the music is playing, you have to get up and dance".
- rufus_foreman 11mo ago
  Chuck Prince from Citigroup. "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing" His explanation of the quote: '"My belief then and my belief now is that one firm in this business cannot unilaterally withdraw from the business and maintain its ability to conduct business in the future,” Mr. Prince said."' ... '"And if you are not engaged in business, people leave the institution, so it is impossible to say in my view to your bankers we are just not going to participate in the business in the next year or so until things become a little more rational," he said. "You can’t do that and expect to have any people left to conduct business in the future."' -- https://archive.nytimes.com/dealbook.nytimes.com/2010/04/08/prince-finally-explains-his-dancing-comment/ https://archive.nytimes.com/dealbook.nytimes.com/2010/04/08/... To me it looks like history proved him right. The largest institutions were the ones that got bailed out.
BoredPositron 11mo ago
Just fyi he never said that. It was the screenwriter who based it on a quote from a book without source.

CompoundEyes 11mo ago

They’re all carefree and confident the US government will bail them out on grounds of a national security threat in falling behind. Too big to fAIl

zerosizedweasle 11mo ago
I feel like they are just eating people on the bottom of the economy and then expect taxpayers to pay. Edit: People are literally being forced out of the country by cost of living https://www.wsj.com/personal-finance/retirement/middle-class-americans-abroad-d5d018f6 https://www.wsj.com/personal-finance/retirement/middle-class...
potato3732842 11mo ago
I can't think of an industry[1] more deserving of being left high and dry and less able to garner public sympathy than NYC banking and we let them get a bailout. But everyone hates CA, hates big tech, etc, etc, so maybe the political stars align and this will be the ones who finally set the "no bailout" precedent. [1] Well actually I can now that I think about it and it's the beltway bandits but that's beside the point.

deleted 11mo ago

[deleted]