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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
(www.businessinsider.com)
this post was submitted on 16 Oct 2023
226 points (91.2% liked)
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Bears have predicted 100 of the last 3 market crashes
Yeah.
It's a casino, and a lot of these folks are no smarter than a retiree rubbing troll dolls on their favorite slot machine.
The solution is to realign markets to human needs. The is no productive benefit to high speed trading. There is no benefit to stock by backs. We need to reign in most of the nonsense that these financial services institutions do.
This meme gets funnier and funnier every time I read it!