Seattle residents are happy because other people they deem as "uncultured" are out of jobs?
If that is true, do we really want to save Seattle's "culture" from being hollowed out.
If you live in a tech growth region get your truck driver, construction, bar tender friends or neighbors to be truly honest with you about how they view "tech guys" and the impacts of massive tech growth on their cities and the impacts on their personal quality of life and you'll learn a lot about how people feel, especially if they're renters.
Yet evidence is:
- CAPE is high - NVIDIA has a very large market cap - enormous capital investment in AI and relatively few companies
I assume also a chorus of “AI actually doesn’t make you more productive!” And “AI capex and opex vastly outweighs realized profits!”
Seems a little less than “clearly”.
All of these are very much RISK factors, yet you need to assume the market is being irrational and assume that AI is NOT going to have the impact the market thinks it will. Personally for me I don’t understand: pretty clear trend in capabilities without a clear and insurmountable roadblock, so I totally get the “I think it’s a bubble” argument, it’s just that I think people underestimate what’s to come