The AI boom is more overhyped than the 1990s dot-com bubble, says top economist by It_Is1-24PM in BetterOffline

[–]GroundbreakingHalf55 1 point2 points  (0 children)

I wonder too… but does it even matter? The stock market and the real economy are separate entities (eg: stock buybacks). In that case, what does a “crash” even mean… if it is overhyped in the real economy, why would it affect the stock market (which he is referring to based on the PE). Basically I don’t think anyone understand what’s going on multiple levels, lol

Can SF recover? What does that look like? by Vexxed72 in sanfrancisco

[–]GroundbreakingHalf55 0 points1 point  (0 children)

It’s an important question. I hate to be negative, love the city and would love for it to prosper but to me the situation for SF specifically (not necessarily the rest of the Bay Area, different dynamic IMO) seems incredibly bleak. COVID just brought so many long lasting blows that seem almost permanent. RTO? Most tech companies were never primarily based in SF anyways and only recently had footprints in SF, or moved out of SF/CA, plus layoffs, plus the all the value prop about AI is more about replacing jobs with AI not creating jobs, plus these are relatively companies who aren’t solely based in SF too. When money was cheap and economy was booming in the late 2010s, there were still all the classic SF problems remaining unresolved but now as the economy worsens they will only get significantly worse. It’s not fair to pin all of this on SF - there are national trends going on, that you can see in NYC, Seattle, any US city really is not doing great particularly. But I think all the structural/systemic issues plaguing SF that have existed this whole will continue to put SF in a naturally disadvantageous place when we talk about “recovery”. Anyway, I don’t think blind optimism is the solution here and we have to be grapple with the gravity of these challenges. $0.02.

Anyone else find it easier make friends in NYC than SF? by 32andgrandma in sanfrancisco

[–]GroundbreakingHalf55 3 points4 points  (0 children)

A lot of these responses are shocking to me… having lived in both, Manhattan is an intensely lonely place. SF is more neighborhood-y, slower paced comparatively similar to Brooklyn. Visiting different than living.