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Tomorrow: My 13,500 word historical and financial analysis on how the AI Bubble is magnitudes worse than the Dot Com Bubble, with a contagion that will spread throughout the global markets and our society. Here's $10 off annual. edzitronswheresyouredatghostio.outpost.pub/public/promo...

I described it as DotCom x Great Recession … It has the “over hyped ahead of working properly” of DotCom, with the “VC and banks will go out of business” of the 2008 Great Recession. And I’m saying it’s like multiplying them not just adding them, because any bailout would need to be like $10T

Dot com bubble wasn’t a case of stuff not working properly even. It worked! Sort of. High speed internet connectivity had not scaled yet and ironically did as a result of this, the website businesses were dumb as shit

i'm just hoping it means better traffic in the bay area and lower rents

I’d be curious about your perspective honestly. How bad was it as somebody who was in the industry at the time?

The corporate credit bust that happened from late 2000 through early 2003 was like a slow motion car wreck. Everyone kept thinking it was finally over...but another shoe kept dropping.

The economy itself didn't even collapse that hard...it was a shallow recession. But the excesses being wrung out made it feel totally brutal.

I was working on Dell.com at the time. Our web tech was pretty good for the time, but of course Dell’s sales (and stock price) was heavily weighted on server sales, which dried up when the dotcoms went boom.

So ….. convert all stocks to bonds? buy gold?

It’s hard to beat the traders at their own game— so I diversified into a mix of mutual funds and treasuries, but it’s all a risk. You could sell your stocks and put the cash in the bank, but really no place is safe. Maybe that mattress is the way to go…

am I ever going to be able to get RAM or a decent graphics card again