Thread

1. burnte · 1790952544 · focus · HN ↗

   The beginning of the bubble deflate?

   1. Good4boothee · 1790954033 · focus · HN ↗

      I would compare it to reselling mortgage bundles before 2008 crash. It is about moving risks to those who are more comfortable with it. Not a great sign but doesn't really indicate that sky is going to fall any time soon.

      1. cmiles8 · 1790955265 · focus · HN ↗

         Yes. This is the bit of the movie where everyone is offloading crap off their balance sheets to limit the blast radius before allowing the market to reprice anything. Once the big players have cleaned up their balance sheet they’ll let the bottom of the market drop out.

         Expect earnings calls to become a lot more skeptical about the future of AI once the balance sheet cleanup completes.

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