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A comment on How accurate have Ed Zitron's AI skeptic predictions been?. Parent comment

Re:How accurate have Ed Zitron's AI skeptic predictions been? by dcre on Tuesday September 01, 2026 @04:32PM (#49527768)
Macrofinance expert Nathan Tankus has an excellent post on why the financing situation around the AI boom is just not big enough to mess up the financial system.

https://www.crisesnotes.com/sigh-no-ed-zitron-ai-bond-issuan...

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Re:How accurate have Ed Zitron's AI skeptic predictions been? by sfblah on Tuesday September 01, 2026 @04:40PM (#49527905)
I agree that the specific amounts invested in AI aren't enough to cause a calamity directly.

The problem is you have the vise of a stock-market decline on one side (something basically everyone thinks is impossible), and AI-induced unemployment on the other side (something a lot of commentators, including Zitron sometimes, seem to think won't happen). Those two things in tandem would be worse than 2009 by a multiple. I doubt the US government will be able to bail it out.

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