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It smells like ZIRP is not over yet. VCs are still burning money in the AWS fire pit.


ZIRP was never the root problem.

The problem was: too much money, too few consequences for burning it.

The existence of the uber-wealthy means that markets can no longer function efficiently. Every market remains irrational longer than anyone who's not uber-wealthy can remain solvent.

Welcome to the new normal.


Now it's "fix it with AI". (And pay lip service to green tech.)




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