Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
  • iii@mander.xyzEnglish
    1·
    14 hours ago

    I think Ray Dalio’s take on it is correct. It’s a consequence of currency devaluation, as people in general vote against the decrease in spending necessary to deflate the asset bubble. (1)