Comment by piloto_ciego
4 hours ago
Mostly because people want to believe that things are about to come unglued to support whatever worldview they have.
I remember my conservative pals all through the Obama admin (and then again during Biden) constantly talking about how the market was about to have the biggest collapse and we'd all go back to the gold standard because Company X was over valued or because Company Y had DEI or some other such nonsense.
Almost all of the comments on this is "feels" and very little of it is actually thought out. I get it, you don't want people you don't like to "win" or whatever, but with the NIMBY stuff I keep seeing I suspect we'll see SpaceX datacenters with NVDA chips in sun synchronous orbit in a few years and people will keep yelling, "it'll never happen, it's impossible! it can't be done!"
Signal to noise ratio on this sort of thing is pretty low typically and for whatever reason everywhere is Reddit now.
It's hard to dismiss a lot of what's going on right now. Many of us have lived through the dot com bubble as well as 2008.
With respect to SpaceX / Tesla Musk has always been a charlatan at varying levels. He sold FSD for over a decade claiming: next year the entire time. He also made similar claims with DOGE. If accountability mattered Musk wouldn't be where he is today, yet here we are. But, I can't wait for our space data centers that surround our planet with more garbage!
But beyond Musk I don't think many people actually pay any attention how bleak things look on the credit side in the US [0]. Again, if you experienced 2008, the dot com bubble or both - well, I don't think this impending train wreck is going to be any less painful.
[0] https://chartive.org/visualizations/us-federal-debt-percent-...