While I’m a Harris fan and think Trump is a global disaster, it was pretty damned obvious that markets were overheated on an AI bubble. It was bound to have blown up under democrat or republican.
Now Trump has been a catalyst of course and I’m much more concerned for the global economy than I was. It’s more than a stock market bubble now.
But I did hear that “the only other time the stock market has crashed like this soon into a presidential term was George W Bush with the DotCom bubble, but that was a bubble. Trump inherited a roaring economy” which seems like nonsense to me. The AI bubble is a lot like the DotCom bubble, albeit focused on the Mag7 rather than 1000s of dodgy internet companies.
1
u/mrb1585357890 19h ago
While I’m a Harris fan and think Trump is a global disaster, it was pretty damned obvious that markets were overheated on an AI bubble. It was bound to have blown up under democrat or republican.
Now Trump has been a catalyst of course and I’m much more concerned for the global economy than I was. It’s more than a stock market bubble now.
But I did hear that “the only other time the stock market has crashed like this soon into a presidential term was George W Bush with the DotCom bubble, but that was a bubble. Trump inherited a roaring economy” which seems like nonsense to me. The AI bubble is a lot like the DotCom bubble, albeit focused on the Mag7 rather than 1000s of dodgy internet companies.