Goldman's strategists reckon this means around one in 30 adults in the country, or 3.4% of the adult ⁠population margin called

https://www.reuters.com/commentary/reuters-open-interest/korean-stock-volatility-comes-america-can-wall-street-take-heat-2026-07-20/

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[–] 41 points 3 months ago (2 children)

Are we finally getting there?

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  • [–] 8 points 3 months ago

    The drop goes ever on and on

    down from the peak where it began.

    Now far along the drop has gone

    and I must party, if I can,

    watching it with eager eyes

    as it crashes like a wave

    where many yachts will capsize

    and the tech bros won't be saved.

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  • [–] 4 points 3 months ago

    Pop! Pop! Pop!

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  • 29 comments in c/world@lemmy.world view that post
    [–] 63 points 3 months ago (8 children)

    Investors may also be growing jittery about the “circular funding” at the heart of the AI industry, through which artificial intelligence firms finance one another.

    On Monday, the Wall Street Journal reported that Nvidia was in discussions with OpenAI about providing $250bn (£188bn) for a massive datacentre project in Ohio. Backing from Nvidia, which has an investment grade credit rating, could make it less expensive to raise funding for the project.

    Literally the only thing they have is circular funding...

    The only people that can afford to build data centers, are the people selling chips to data centers...

    That should set off alarm bells in any rational mind, because even after built, no one has a plan to monetize it.

    There's no path to long-term profits here, everyone not in the circle is just assuming they'll be the first ones to decide to pull out.

    If enough gets pulled, it makes the rest panic and there will be a crash.

    It's gonna happen, because there's too much money at stake for investors to risk it. One day we'll just hear that it's over and have to deal with the mess.

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  • [–] 28 points 3 months ago (4 children)

    I just hope Sam Altman goes to jail. But he's worth too much now so it'll be a slap on the wrist.

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  • [–] 24 points 3 months ago

    "now"...

    Seriously, we can't limit ourselves based on what we've seen in our lives.

    With a progressive president and Congress to back them up, we could 100% just say we're seizing their money and throwing them in prison.

    Fuck it, there's honestly nothing stopping us except learned helplessness.

    Take the wealth they stole from us, put them in prison, and just don't let them out.

    They would 100% do it to us. Our society doesn't benefit from them being here, they don't pay taxes or do anything to pay us back. So whether they abscond and we only get domestic assets, or they're dumb enough to stay and we get everything.

    Either way, we benefit.

    And before anyone mentions shell companies, yes, we would also need to finally crack down on those too. If you're hungry and thirsty you don't do neither, you do both.

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  • [–] 21 points 3 months ago (2 children)

    Musk should have been in jail for fraud years ago.

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  • [–] 8 points 3 months ago*

    His repeat Nazi salutes should've ended bis career in a just world, but somehow 1/3 of the population would rather support Nazi incel pedos over their neighbors

    Hell, the whole Epstein class deserves nothing less than life in prison at this point, and that's the moderate position

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  • [–] 7 points 3 months ago (1 child)

    It would be funny if quatum chips took a massive development boost all if a sudden. Making them exonomically feasible and making all thise datacenters effectiveky obsolete. That's not going to happen, but one can dream.

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  • [–] 22 points 3 months ago
    [–] 16 points 3 months ago
    [–] 33 points 3 months ago (8 children)

    The only thing separating this from being a Ponzi scheme is that there is a product, and it does have value. It's overblown for sure, but it's not a pure Ponzi scheme.

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  • [–] 15 points 3 months ago (1 child)

    LLMs will bounce back to local GPUs when they find out its really hard to keep this circular grift going just for surveillance. Turns out you actually need to extract money from the workers to pay for this, so those workers need money and can't just be replaced with AI.

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  • [–] 6 points 3 months ago

    i used googles LLM to help me code a python script to completely replace my fake cloud ai twitch streaming companion with one that runs entirely on my own machine no internet required so now i don't need googles LLM

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  • [–] -2 points 3 months ago (4 children)

    Isn't the lack of product the primary criteria for defining a ponzi scheme?

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  • [–] 12 points 3 months ago (2 children)

    Literally the entire point of the comment you replied to, like making exactly that point.

    Like; it’s not saying it’s a Ponzi scheme, it’s saying that this does everything a Ponzi scheme does, but with an extremely overvalued product, instead of no product at all.

    so we don’t have a name for this type of fraud specifically, and we’re not calling it a Ponzi scheme because that, as we established, means something else. But it works very similarly, in the logistical sense. So much so that we can succinctly describe it - not by enumerating all the things it is - but instead juxtaposing it against a Ponzi scheme and establishing that it’s the same except if you change this one thing.

    Perhaps we should name it instead? Like a Fauxnzi scheme? Like pronounce it like Fonzie so it’ll catch on with boomers? I mean maybe Henry Winkler doesn’t deserve all that but it’s descriptive no?

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  • [–] 9 points 3 months ago (5 children)

    Is this it? Is this the crash?

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  • [–] 13 points 3 months ago (3 children)

    No, there is runway here yet. Essentially Trump will keep it liquid until he leaves

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  • [–] 9 points 3 months ago (2 children)
  • [–] 6 points 3 months ago

    You were warned and you chose to ignore the warning. That's...how...balls...bounce?

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  • [–] 1 point 3 months ago

    Marge, the rains are here!

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  • [–] 0 points 3 months ago

    guess: false

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  • 5 comments in c/technology@lemmy.world view that post
    [–] 9 points 3 months ago*

    I never use leveraged instruments myself, seems super dangerous. Stock market is insanely emotional and goes from greed to fear in days just based on a single news item.

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  • [–] 4 points 3 months ago (1 child)
  • [–] 2 points 3 months ago (1 child)

    Oh no! A 3 month low! 3 months, practically a lifetime. Yes sir, I'm sure that millions of people only started investing during these 3 months and are really hurting right now instead of facing a short-term loss in the face of over a decade of profits.

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  • [–] [S] 2 points 3 months ago

    We are not talking about 1 or 2 companies this is the KOSPI similar to S&P in US. This worse than 2008 for Korea. Additionally many Koreans use leverage which means they were margin called and some are even in debt now.

    The collapse surpasses the October 1997 IMF crisis, when the index lost 27%, and the October 2008 global financial crisis at 23%.

    https://finance.yahoo.com/markets/stocks/articles/south-korea-stock-market-crash-092957385.html

    To fix the situation the government intervened and poured NT$450 Billion investment into AI.

    https://finance.biggo.com/news/b4b67689-a989-445f-810c-9cb92bca140f

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  • 2 comments in c/technology@piefed.social view that post
    [–] 3 points 3 months ago

    RAM price dropped?

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