#economic bubbles

[datarep]

The first recorded 'economic bubble' was Tulip Mania in the Netherlands in 1637.

[jacobwren]

"Even the South Sea Bubble, the event which gave its name to financial bubbles, had an underlying rationale: who can deny that the expansion of global networks of trade and capital turned out to be a vitally important and vastly lucrative event? Even if all the investors in the original bubble – including Isaac Newton, who realised it was a bubble, but got caught up in the excitement anyway – lost their shirts. The historical pattern is typically that a big, genuine innovation is spotted on the horizon. Money floods in to take advantage. Too much money. The flow of capital is so great that it is impossible to allocate it correctly, and distinctions disappear between what is likely and what is impossible, what is prudent and what is reckless, what might happen and what never could. After the flood of money, the doubts; after the doubts, the crash; and after the crash, the gradual emergence of the phenomenon that got all the speculators so excited in the first place." - John Lanchester, King of Cannibal Island

[zenosanalytic]

I was just driving home, saw some newly renovated homes on the way, and something occurred to me(may be explicit idk I dont actl watch this stuff):

The HGTV aesthetic, Whites, Greys, and Blacks, those aren't just neutral colors: They're PRIMING Colors. They're colors you paint Other, BETTER Colors that you like MORE on top of.

Property Brothers, all these other assholes; they want you to live in a house painted to sell.

[the-funtime-autocrat]

If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

Tyler Cowen, Economist.

[lenrosen]

Will the AI bubble resemble the subprime mortgage and dot-com bubbles of the past?

Economic Bubbles, Past, Present and What Lies in the Future - 21st Century Tech Blog

From ancient Rome to tulip bulbs and artificial intelligence, economic bubbles have peppered human history, exacting a financial toll.

[angryrdpanda]

From Worldcom to Enron, from crypto to AI, the point of the bubble wasn't ever the residue or lack thereof – it was a transfer from working people to crooks. Bubbles are a system for moving the painfully sequestered life's savings of people who do things to people who steal things. - Cory Doctorow, author of 'Enshittification'

[theblindmachine]

AI FRONTS SPLIT: CASH DOGS SWEAR UNITY, YET MARKETS DIVIDE. https://ift.tt/kgVLUGl

[theblindmachine]

AI SHATTERS PATTERNS; EXPECT NO REASSURING PAYOFFS. https://ift.tt/oVS7H8n