Likewise, they say the market can stay irrational longer than you can stay solvent but I was happier get things into a defensive posture well before everything falls apart. I can do without the extra 5% I’d have made before everything goes kaboom.

The collapse of the AI bubble will give us the third bubble driven recession of the century deanbaker22.substack.com/p/the-magnif...

Stock market crashes do not destroy anything like as much capital as is likely to go here. I’d also worry about AI, Stock market and Crypto, all insanely overpriced, going at the same time.

The following is REAL footage from Portland, 2025. Viewer discretion is advised.

There’s no logic here. If carrying out the projects might polarise society, surely cancelling them will have the same polarising effect? It becomes a matter of deciding what’s in the long-term public benefit.
Clearly, there are people MM doesn’t want to upset, and they certainly aren’t young people.

My only problem is why the taxpayer has to pay this out. If those assholes knowingly infringed the 1st Amendment and/or wilfully acted ultra vires they should be held personally liable for part or all of the damages.

It might also deter them from doing similar things in future.

There is a serious question as to how much the US growth is attributable to increasingly worrying AI investment.

They’re also investing in shares. The P/E of the S&P 500 is currently 31.5. The P/E of most low-risk “blue chip” shares lies between about 8 and 15. This implies that the S&P is grossly overvalued.

There is an obvious AI bubble, making tech stocks much riskier than they were 5 years ago.

🤷🏻

So, investors are worried about government borrowing debasing currencies, and in response they’re investing in crypto, which isn’t backed by any assets at all.

It seems that many people in finance are over-paid, wildly over-confident and just plain thick.

www.theguardian.com/business/202...

I think the problem is that, with the destruction of so much capital, the post-burst shakeout will take out a lot more than AI firms.

I think there’s a reasonable chance such a blowout would collapse crypto too, because a lot of people are going to have to get liquid very quickly.

You can joke about Pam Bondi’s ridiculous unprofessionalism all you want, but I’m deeply shocked by it: She acts as if she fears absolutely no consequences, convinced that there will be no more political power transfers. — This should shake everyone to their core.

Health Experts Recommend Standing Up At Desk, Leaving Office, Never Coming Back https://theonion.com/health-experts-recommend-standing-up-at-desk-leaving-o-1819577456/

Boxes also work on bobcats

Nope. It looks like it will be rolled out generally.

"OpenAI has signed about $1tn in deals this year for computing power to run its artificial intelligence models, commitments that dwarf its revenue and raise questions about how it can fund them."

That noise you hear is the ghost of Charles Stewart Parnell chuckling.

Henceforth the red robes will only be worn as an away kit when the Canadian Supreme Court is playing the US one.

The AI has already started making its presence felt on the executive team, sending out a 500-word email about “leveraging holistic verticals for client-centric uplift” that no one has fully read but everyone agreed “sounded important.”

theshovel.com.au/2025/10/07/a...

Apparently it’s being generalised in today’s budget.

Robin Williams' daughter has some quality thoughts on AI slop

Hell of a thing to put next to a statue of Joan of Arc. (h/t David Pilling)

Couple moved in next door. Old bloke lived there before had a beautiful garden. He spent every day in it. New guy ripped out everything & put fake grass in. So I've planted trees next to the boundary that will fill his lawn with dead leaves in the autumn. This one's for you Alf

It’s about what I expected, but much quicker than I expected. I was expecting something along the lines of Germany ‘33 but Trumps goons have been moving a lot faster.

I think the main hope for the US is, astonishingly, a major recession with the AI (and possibly Crypto) bubbles blowing out.