These private-equity firms put up or raise the money to build a data center, which a tech company will repay through rent. Data-center leases from, say, Meta can then be repackaged into a financial instrument that people can buy and sell—a bond, in essence. Meta recently did just this: Blue Owl Capital raised money for a massive Meta data center in Louisiana by, in essence, issuing bonds backed by Meta’s rent. And multiple data-center leases can be combined into a security and sorted into what are called “tranches” based on their risk of default.2008 all over again. Different asset, same playbook servers instead of houses
>>61233180The faster this shitshow ends, the better for the world in general.
But 2008 was really an issue with counterparty risk, there’s no problem with securitization and that’s why it still happens.
>>61233332So when they start giving datacenters to niggers instead of meta, its tme to worry.
>2008 all over againbro i dont know how to say nicely, 2008 never got fixed. the last 15 years have been a complete farce. I hope you took advantage of the fleecing. you have a couple years left before the whole thing falls apart and we reset, and i mean total reset the USD. 2000000 million here, 3000000 million there do that 3 or 5 times a year and at some point there's real consequences for every day people.>real consequences <-- you are here
>>61233426No. The housing bubble had little to do with 2008 beyond being the spark. The issue that almost collapsed the financial system was that there were trillions of dollars of synthetic CDO’s outstanding and then when the SPV’s setup to own the CDS used to create them didn’t actually pay out like they were supposed to it collapsed everything. Imagine if you bought insurance and then your insurance company went “whoops I sold too much insurance but have no money to pay you back, sorry chap.”
>>61233452It never got fixed, for Europe lol. Europe was extremely over leveraged in its banking system on dollar assets and was driving most of the lending due to their “Eurodollar” banking. They set their own stage for the bubble that burst their entire economy.
>>61233426Surely a client portfolio built of "Agent" wrapper startup from Mumbai #4637 backed by Tiger Capital and Sequoia and RAG-augmented erotic roleplay wrapper startup #23 is a viable business model for say Coreweave et al.? AI is the future after all!
I honestly don't think we're in a bubble because I keep applying for data center tech and construction jobs and the recruiter always cancels the interview. In a bubble they'd hire every retard who took a laptop apart before. No one is getting hired to the good jerbs this time.
>>61233180>Happens (future)bitterly laughs in $FET (present)
