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@graceblakeley.substack.com

Back before 2008, a few savvy investors realised the bubble was about to burst, and purchased credit default swaps that would pay out when it did. Today, there's a surge in CDS trading again - this time, linked to the debt of the big tech companies. graceblakeley.substack.com/p/the-big-sh...

graceblakeley.substack.comThe Big Short, AI editionInvestors are buying protection against an AI bust, just like they did with mortgage-backed securities before 2008...

22/10/26, 1:15 pm34 reposts70 likes

Anthony Dixon

@ranthonydixonius.bsky.social

Short selling must be one of the most incipid forms of capitalism in a very crowded field. Every time I think of it I have to try to remember the insanely convoluted mechanism it works by. Great to know a few shitbags made a quick buck on something that no doubt severely screwed the rest of us.

Bromanuel Chadcron

@bevrijdingspiegel.bsky.social

There is something really ironic about Big Tech getting into bed with Trump, only for Trump to catalyse their bubble bursting.

Peter Principle

@peterprinciple.bsky.social

Unfortunately, a whole bunch of them had AIG as their counterparty -- buying insurance for the Titanic from someone ON the Titantic. Any bets on whether that will happen again?

Robert Fingleton 🇮🇪🇺🇦🇪🇺

@robertfingleton.bsky.social

No doubt these guys will be front and centre to profiteer from ordinary people's misery!! 😡