Nrw economic horror on deck, it's AI related

No reason to go to the link unless you’re in IT in some way, but someone mentioned in that convo that AI companies are floating loans for 100’s of millions to build data centers…no problrm right? Is that the theme from Jaws?

But thats not all; they’re using the processor chips as collateral! Think how fast those lose value, add in a looming CRE/CMBS disaster we’ve mentioned many times, then consider that if they miss a payment the note-holder will have what recourse? Some outdated Nvidia graphics cards to repo.

It’s like they’re purposely setting out to nuke the future economy.

Perhaps to fuck long holders over? And retirees? And set them at each other?

The only answer I can summon is that the powers think that the economy will end soon and are grabbing everything they can in a panic.