Fair. I mostly see the optimistic take from rich people - who are mostly concerned with the US losing its dominance.

k00b

The optimistic case probably isn't on the same timescale as all this credit card debt blowing up. This has been building pretty much since the pandemic and something's going to give sooner rather than later.

Undisciplined

AGI isn't likely to help the people currently in deep credit card doodoo.

Implicitly, I think the banks are just anticipating a bailout again if the problem gets big.  



SimpleStacker

econ

Record number of consumers are making minimum credit cards payments - CNBC

Wumbo

For all the optimism I'm seeing about our "regime" change, people underestimate how much our deficits are like an asteroid that's going to hit earth whether we slow it down or not. I think the optimist's take is that we achieve AGI and vaporize our deficits with unprecedented productivity. It's possible I guess. But if there's ever a time to be an AI doomer, it's when we are building it like we have no other option. 