TechTakes

2570 readers

232 users here now

Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

founded 2 years ago

MODERATORS

dgerard@awful.systems

Banks turn data centre loans into 2008-style financial time bombs (pivot-to-ai.com)

submitted 2 days ago by dgerard@awful.systems to c/techtakes@awful.systems

16 comments fedilink hide all child comments

party like it’s 2007

https://www.youtube.com/watch?v=LuBlliJ8QMU&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260511-banks-turn-data-centre-loans-into-2008-style-time-bombs - podcast

time: 5 min 40 sec

you are viewing a single comment's thread
view the rest of the comments

[–] baggachipz@sh.itjust.works 4 points 13 hours ago (1 children)

I sold most of my index fund and bought SCHD. It’s an etf that holds shares in companies who pay the biggest dividends. This doesn’t entirely shield you, but those bullshit “growth” bubble companies tend not to pay large dividends to their shareholders.

Nice side effect of the etf is you get dividends every quarter too

[–] CinnasVerses@awful.systems 2 points 8 hours ago

Looks like SCHD is not heavily invested in US financial institutions holding the bad debt which is the potential pitfall I saw. Its hard not to invest in banks since they literally have a license to make money, but a lot of them are going to lose money when the chatbot companies can't pay back their loans.

Socially responsible investing / ESG also does pretty well at screening out the surveillance industry.