Things are tough all over. (Destiny)

by Coaxkez, got that plasma/BR55 hit, Friday, June 26, 2026, 17:09 (2 hours, 48 minutes ago) @ Kermit
edited by Coaxkez, Friday, June 26, 2026, 17:13

Yeah...

I don't want to ramble too much, but the economy is in the toilet right now and the massive capital spend on AI is the only thing holding us back from a full-blown recession. To me, that's an obvious bubble that is going to burst any day now*, and when that happens, things are going to get really bad really quickly, but for now it's propping everything else up. I think this one will be worse than 2008, but we'll see.

On top of this pretty terrible general environment, the video game industry in particular is running into its own unsustainabubble moment as development costs are becoming impossible to justify. There's a lot of talk about a market correction, but frankly, I think the industry is due for a crash, not as bad as the one in the '80s (because the demand for gaming is undeniable), but certainly not good for anyone currently working in that field.

For reference, my occupation is wealth management, which involves a degree of financial analysis and trying to predict the near-future of what the economy is about to do.

(* AI itself is a useful technology that is not going anywhere, whether we like it or not, but the current market speculation around AI is completely divorced from reality.)