SEOUL – The fallout from this week’s US midterms is already upending South Korea’s financial system. On Friday, the Kospi plunged more than 8% and fell
It’s funny how quickly the narrative shifts to “the Democrats did it”, when there are some very good other reasons for the stocks to fall, and nobody seems to notice. The circular investment AI business model was not sustainable before the election and the stocks started to fall before, and this became apparent to all with the anthropic IPO filing
“We can’t break the laws and do what we want to build datacenters we couldn’t afford to build anyways, because our debt was about to be below invetment grade, since AI doesn’t even come close to the returns we promised. It’s the Democrats fault!!!”
It’s funny how quickly the narrative shifts to “the Democrats did it”, when there are some very good other reasons for the stocks to fall, and nobody seems to notice. The circular investment AI business model was not sustainable before the election and the stocks started to fall before, and this became apparent to all with the anthropic IPO filing
“We can’t break the laws and do what we want to build datacenters we couldn’t afford to build anyways, because our debt was about to be below invetment grade, since AI doesn’t even come close to the returns we promised. It’s the Democrats fault!!!”
Also watch now how magically republicans start caring about the deficit and that consumes the news cycles.