I liked the good ol “irrational exuberance” better than the new “mandatory exuberance”
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I liked the good ol “irrational exuberance” better than the new “mandatory exuberance”
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I liked the good ol “irrational exuberance” better than the new “mandatory exuberance”
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The classic.
The tech sector is ablaze with hype. New jargon is flying everywhere. But there are ominous signs. Even those who don't understand the technology are starting to question the stock market. Could it be a bubble?
The year is 1996. (The big crash wouldn't come until 2000.)
Then-Federal Reserve Board chairman, Alan Greenspan gives a speech where he asks "... how do we know when irrational exuberance has unduly escalated asset values?"
The phase "irrational exuberance" went viral.
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F myrmepropagandist shared this topic
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The tech sector is ablaze with hype. New jargon is flying everywhere. But there are ominous signs. Even those who don't understand the technology are starting to question the stock market. Could it be a bubble?
The year is 1996. (The big crash wouldn't come until 2000.)
Then-Federal Reserve Board chairman, Alan Greenspan gives a speech where he asks "... how do we know when irrational exuberance has unduly escalated asset values?"
The phase "irrational exuberance" went viral.
Some people in the tech sector were annoyed that Greenspan was doing what we would call "FUD" today (Fear Uncertainty and Doubt) he was ruining the vibes of a market that was making so many people rich.
I was just a child, and found all of the memes about this hilarious. Including a flash animation set to a Japanese song called "yatta"
I always thought it was just a silly pop song, but it turns out it was made by a comedy troop... a parody boy band called "Green Leaves."
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Some people in the tech sector were annoyed that Greenspan was doing what we would call "FUD" today (Fear Uncertainty and Doubt) he was ruining the vibes of a market that was making so many people rich.
I was just a child, and found all of the memes about this hilarious. Including a flash animation set to a Japanese song called "yatta"
I always thought it was just a silly pop song, but it turns out it was made by a comedy troop... a parody boy band called "Green Leaves."
The original was also making fun of hype. But in this case of the inspirational speaker boy band variety.
Their original video is simply amazing.
"Yatta" means something like "yay I did it!"
But what did you do? Looks like you lost your shirt and pants to conmen. Now all you have are the green leaves.
When I look at AI this is all I see:
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The tech sector is ablaze with hype. New jargon is flying everywhere. But there are ominous signs. Even those who don't understand the technology are starting to question the stock market. Could it be a bubble?
The year is 1996. (The big crash wouldn't come until 2000.)
Then-Federal Reserve Board chairman, Alan Greenspan gives a speech where he asks "... how do we know when irrational exuberance has unduly escalated asset values?"
The phase "irrational exuberance" went viral.
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@futurebird Since then "irrational exuberance" has become the goal of the techbros.
They honed in on that, and tried to push that with blockchain (twice) and now LLMs.
It is now "mandatory exuberance"
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The original was also making fun of hype. But in this case of the inspirational speaker boy band variety.
Their original video is simply amazing.
"Yatta" means something like "yay I did it!"
But what did you do? Looks like you lost your shirt and pants to conmen. Now all you have are the green leaves.
When I look at AI this is all I see:
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@futurebird This is incredible and I'm so glad I'm now aware of it. Thank you.
It's such a good parody of so many things. Cults, pyramid schemes, bitcoins scams... all of that.
The simplicity of the visual of having NOTHING but "Green Leaves" but being so full of hype? Cuts to the heart of the issue in the universal language.
It's the emperor's new clothes.
The moment is right for a remake of this song.
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The tech sector is ablaze with hype. New jargon is flying everywhere. But there are ominous signs. Even those who don't understand the technology are starting to question the stock market. Could it be a bubble?
The year is 1996. (The big crash wouldn't come until 2000.)
Then-Federal Reserve Board chairman, Alan Greenspan gives a speech where he asks "... how do we know when irrational exuberance has unduly escalated asset values?"
The phase "irrational exuberance" went viral.
@futurebird right after that speech, the university I would transfer to in autumn held a tech jobs fair for CS undergrads. They had crazy deadlines for registering for fall classes, so I was already registered and got invited. The jobs fair featured a speech by some microsoft dweeb, who had the gall to quote Greenspan and use it as the centerpiece of an argument for why we should all get jobs right now with stable, long-lived companies that would for sure weather any upcoming economic issues.
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It's such a good parody of so many things. Cults, pyramid schemes, bitcoins scams... all of that.
The simplicity of the visual of having NOTHING but "Green Leaves" but being so full of hype? Cuts to the heart of the issue in the universal language.
It's the emperor's new clothes.
The moment is right for a remake of this song.
@futurebird @brad I recorded an English translation of "Yatta" some time ago. https://soundcloud.com/rob-t-firefly/yatta
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@futurebird @brad I recorded an English translation of "Yatta" some time ago. https://soundcloud.com/rob-t-firefly/yatta
Magnificent!
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The tech sector is ablaze with hype. New jargon is flying everywhere. But there are ominous signs. Even those who don't understand the technology are starting to question the stock market. Could it be a bubble?
The year is 1996. (The big crash wouldn't come until 2000.)
Then-Federal Reserve Board chairman, Alan Greenspan gives a speech where he asks "... how do we know when irrational exuberance has unduly escalated asset values?"
The phase "irrational exuberance" went viral.
@futurebird I took an economics summer course in 1998, for high school. We did a mock stock market investment for the course where we each had a fake 10k investment to buy stocks with.
I put mine into yahoo and excite.
At the end of the three week class I had earned over 100k, more than anyone else in the class.
What a wild time that was.
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The original was also making fun of hype. But in this case of the inspirational speaker boy band variety.
Their original video is simply amazing.
"Yatta" means something like "yay I did it!"
But what did you do? Looks like you lost your shirt and pants to conmen. Now all you have are the green leaves.
When I look at AI this is all I see:
Hi Ed,
I think you will know the song in this thread, but *also* I think it would make you smile and you should put a cover of it in your podcast.
@Rob_T_Firefly has a good cover ...
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Hi Ed,
I think you will know the song in this thread, but *also* I think it would make you smile and you should put a cover of it in your podcast.
@Rob_T_Firefly has a good cover ...
@futurebird @Rob_T_Firefly @Zitron holy shit that man's Masto account is _dead_
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@futurebird @Rob_T_Firefly @Zitron holy shit that man's Masto account is _dead_
@d_j_fitzgerald @Rob_T_Firefly @Zitron
I swear I thought I saw him on here... did he move servers? Or is he on ... bluesky... ew.
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@d_j_fitzgerald @Rob_T_Firefly @Zitron
I swear I thought I saw him on here... did he move servers? Or is he on ... bluesky... ew.
@futurebird @Rob_T_Firefly @Zitron BlueSky, I believe. The tagged account made a handful of posts 7 years ago.
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@futurebird @Rob_T_Firefly @Zitron BlueSky, I believe. The tagged account made a handful of posts 7 years ago.
@d_j_fitzgerald @Rob_T_Firefly @Zitron
Well I'll use my bluesky mirror to try and lure him back over here. Wish me luck.
