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David Gerard@awful.systemsM to TechTakes@awful.systemsEnglish · 1 day ago

Banks turn data centre loans into 2008-style financial time bombs

pivot-to-ai.com

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Banks turn data centre loans into 2008-style financial time bombs

pivot-to-ai.com

David Gerard@awful.systemsM to TechTakes@awful.systemsEnglish · 1 day ago
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An asset bubble is an opportunity. By late 2024, financiers were already constructing collateralised GPU obligations, lending against video cards. CoreWeave borrows against its Nvidia GPUs — which …

party like it’s 2007

https://www.youtube.com/watch?v=LuBlliJ8QMU&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260511-banks-turn-data-centre-loans-into-2008-style-time-bombs - podcast

time: 5 min 40 sec

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  • goatmeal@midwest.social
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    11 hours ago

    How do I keep these out of my 401k and pension

    • David Gerard@awful.systemsOPM
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      11 hours ago

      That’s the neat part, you don’t!

    • TwoTiredMice@feddit.dk
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      11 hours ago

      Actually a very valid question. This is how they get you.

    • Papergeist@lemmy.world
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      11 hours ago

      I pulled all of my retirement out of the stock market. Ill probably be screwed later, but at least I know that nobody is using my money to make themselves richer.

  • Canaconda@lemmy.ca
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    1 day ago

    Sooooo how do we short them?

    I can see the posters now… “The Big Slop”

    • fullsquare@awful.systems
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      15 hours ago

      2big2slop

      • Canaconda@lemmy.ca
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        12 hours ago

        2slop2big

  • Assassassin@lemmy.dbzer0.com
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    1 day ago

    At least people got housing back in 08

  • BlueMonday1984@awful.systems
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    1 day ago

    🎶 We’re doing a sequel, we’re back by popular demand…

    (Muppets: Most Wanted was fun, I should rewatch that)

  • P1d40n3 [he/him]@hexbear.net
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    1 day ago

    I can’t wait for Trump to demand tribute in exchange for a bailout. Gonna be a wild year!

    • David Gerard@awful.systemsOPM
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      1 day ago

      “That’s as good as money, sir. These are tokens.”

      • Soyweiser@awful.systems
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        11 hours ago

        “We made GoldTrumpCoin just for you.”

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