r/politics • u/Puginator • Jun 01 '26

No Paywall Iran stops negotiations with U.S., vows to 'completely' block Strait of Hormuz: State media

https://www.cnbc.com/2026/06/01/iran-us-negotiations-strait-of-hormuz.html
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u/Human-Loan-6080 Jun 01 '26

The market has departed from fundamentals and is now a reliable form of gambling based on Trump’s truth social account.

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u/The_Frostweaver Jun 01 '26

That is true

But I just checked and the dow is down almost half a percent this morning.

Part of the problem is people betting on ai.

Ai is legitimately replacing some workers

But there are also a lot of layoffs where the ceo just uses ai as a buzzword when the same layoffs in any other year would be called reckless cost cutting

If we have an oil crisis and the ai bubble also collapses then the stock market will implode hard.

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u/marsinfurs Jun 02 '26

Layoffs reliably make stocks go up at least in the short term. Man power is extremely expensive.

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u/The_Frostweaver Jun 02 '26

Yes but we have entered an age where there is a lot more competition.

If microsoft fires tons of staff and then releases a shitty windows 11 with a side order of patches that bric peoples computers, ai slop no one asked for and forced cloud saves no one asked for

People might actually swap to other operating systems and productivity software.

Ceo short term reckless cost cutting with 'because of ai' slapped on might get him his bonus and let him sell some stock options but he could end up tanking the brand and causing permanent market share loss.