⟳ Репост от Tim Fernholz
NEW @crisesnotes.bsky.social PIECE: In this piece I critique a recent piece from @edzitron.com comparing the AI(LLM) boom to the "Subprime" Mortgage Crisis (and implicitly the GFC of 2007-2009). The ? is:"How big of a macrofinancial threat is the AI(LLM) Boom?" www.crisesnotes.com/sigh-no-ed-z...
*Sigh* No Ed Zitron, AI bond issuance is not AI’s "Subprime Mortgage Crisis”EDITORIAL NOTE: Given the importance of this issue, and in a desire to be fair when writing such a critical piece, I sent a draft of this article to Ed Zitron to review and give his response to. I've ...www.crisesnotes.com