I don’t agree the LLMs are bad. I do agree with the take that while it is great in productivity boosting and tacking new proposals, it is not taking a 1x product to 10x. More like 1.5-2x right now, and 10x in 10 years. But to take that forward growth and price it in now, means likely we’re headed for some level of correction to restart the debt cycle loop and eventually get back to this and beyond.
We just hit some speed bumps, got past them in the tariff trade wars and said “nice, smooth sailing now!” But it added a synthetic push to asset values quickly realized in stock valuation and now we’re already at that heavy premium point.
Doesn’t mean we go southbound. Means we likely see some irrational moves because it’s going to be a tug of war.
This is actually why I don't eat there anymore. If you ask for a fucking burrito the person will look at you like you've got balls on your chin and you asked them for a tug. Rice bowls are burrito nihilism and I will not stand for it.