Comment Re:When it crashes (Score 3, Interesting) 62
Maybe, but we actually know that the AI companies do not make nearly the money required to justify the investments in them.
We know that when the head of the Federal Reserve retires the likely replacement will be in favor of keeping interest rates low even when the economy is hot and inflation is rising.
We know we are accumulating debt faster than ever before.
We know that the top 7 stocks are all companies that do the same thing, more or less, and represent 36.6% of the S&P 500 so a downturn in the tech sector could be more devastating than it would be if it was a normal sized sector.
We know that, due to tarriffs and other factors, the world trade balance is shifting and the dollar's position as the medium of world exchange may be faltering.
We know that we have stopped getting reliable economic data, or in many cases any data at all from the usual sources.
We know that the market cap for Bitcoin, a currency based on nothing that nobody uses for currency is $1.4 trillion.
We know that certain other enormous companies have an extremily high P/E ratio and market caps of hundreds of billions of trillions, suggesting that there may be some seriously overvalued stocks out there.