[abernard1]

It is.

A predictable reset schedule with refinancing ("valuations"). Loose money leading to debt obligations to be paid in the future. Circular financing.

And what's funny, is it's precisely the off-book debt that will make the compression happen slowly. There's no bailouts this time.

[beloch]

Given that AI exec's have been careful to lavish praise (and cash) on Trump for the last few years, I suspect bailouts will not be off the table.

[abernard1]

I suspect bailouts will be off the table. Simply because the people who support OpenAI and the tech industry are on the same side of the political aisle as the people protesting data centers.

"Big Tech" as a pejorative started on the Right. That never changed.

Remember the hubbub about companies having "free speech" while they deplatformed and censored critics? That never sat well with a certain group of people. And they're the kind of people with long memories, that might have guests entertained as a visible sign of submission, and not as friends.

The more interesting revelation will be if certain persons can psychologically come to admit the people they are against are politically aligned with them, and their opponents are more intelligent than they are willing to let on.