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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 2 days ago

A huge chunk of U.S. GDP growth is being kept alive by AI spending ‘with no guaranteed return,’ Deutsche Bank says

finance.yahoo.com

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A huge chunk of U.S. GDP growth is being kept alive by AI spending ‘with no guaranteed return,’ Deutsche Bank says

finance.yahoo.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 2 days ago
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“Investment in AI-related sectors is critical to GDP growth [and the] US would be close to recession this year if it weren’t for tech-related spending,
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  • Soviet Snake@lemmygrad.ml
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    21 hours ago

    given the whole geo political situation the us is, i don’t really see them recovering from this burst when it happens, and it will happen. i think if we are lucky it could very well be the beginning of the end of burger empire. of course it’s not like they will magically disappear overnight but they are failing agriculturally, technologically, economically and they don’t even hold the world hostage with the dollar anymore

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      18 hours ago

      Same, and it’s worth keeping in mind that back in 2008, China basically bailed the US out. They were by far the biggest buyer of US bonds then which helped stabilize the economy. There’s a fat chance of that happening this time around.

  • bobs_guns@lemmygrad.ml
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    1 day ago

    Probably would be more accurate to say “with guaranteed no return”

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      1 day ago

      pretty much yeah

  • Jarmund@lemmygrad.ml
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    1 day ago

    The time is nigh. It cannot pop [the AI bubble] soon enough damnit!

  • Idliketothinkimsmart@lemmygrad.ml
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    2 days ago

    Gross domestic product grew at an annualised rate of 4.3% between July and September

    Corporate profits jumped by $166.1 billion, or 4.2%, in the third quarter, compared with a modest $6.8 billion increase in the previous quarter.

    Couldn’t be more glaring

    https://www.tradingview.com/news/invezz:b1bbfbd2b094b:0-us-gdp-jumps-4-3-in-q3-beating-forecasts-as-fed-rate-cut-bets-fade/

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