With luck it will be like the slow burn of the crypto fail. It is slowly retracing back to 0. And with luck it will be fools like microstrategy that take the brunt of the pain.
Several states are actively trying to slow it down as the tax abatements are around as much as the economic development value, with low job counts. Never a problem though, some state will always go for the gold. From the article, "Hyperscaler developers are increasingly moving from more concentrated markets where opposition has strengthened to "second- or third-tier" states that can offer generation capacity, such as Kentucky or Indiana, where Meta is developing a new 1GW data center."
I do see some cracks forming though. Google just did a century bond offering, good demand on it of course. But several have noted the odds of google being around in 100 years is not high. These 100 year bonds have been floated before without ever getting paid. Even few governments offer them. Just too risky. 100 years is a very long time.
And how do I know, because I ripped them all about a year ago into a massive collection on a pair of redundant HDD's so I could play them more easily. The classical stuff I have in particular is easier to find. Say I'm looking for something I know was done by Cleveland Symphony but can't remember how I filed it since it was the cd had a collection of composers.
And the perceived adult value of crypto continues to get hammered. https://gizmodo.com/south-kore... I've just never heard of a bank doing something this stupid. And yet you hear some lame brain story about crypto every month or so.
But I'm not sure, are you really advocating that we should just let the people in the income gap between medicaid and can afford insurance
I was self employed for many years and can say, as you near medicare age (65) that health bill skyrockets. I am healthy so went with high deductible, and even with that it was 8K/yr several years ago. I've had friends not so healthy with 20-30 grand a year in premiums. Now if you say make 60/yr, that puts you over that magic threshold of subsidy, so you are looking at 40-50% of your income to pay health care premiums to stay alive. Your alternative and most take it is to drop coverage. And then society gets to pick up the bill from your ER care, because you went bk from the 300K bill from the hospital for the flu. Or they die if society is lucky eh?
Disk crisis, please clean up!