Markets had a little “AI anxiety attack” this week and Wall Street responded the only way it knows how: smash the sell button and ask questions later. We break down the $285B Anthropic-fueled rout, why the “automation boom” is starting to look like an entry-level job extinction event, and how Big Tech’s data-center dreams are already colliding with tighter financing and very real layoff math (looking at you, Oracle). Then we zoom out to the part nobody wants to talk about at cocktail parties: job cuts flashing red, wages getting blamed for everything, and a housing market that’s still wildly unaffordable because the underlying problem never left — it just changed outfits. Add a little bitcoin weakness for spice, and you’ve got Episode 321: the reality check Wall Street didn’t order, but absolutely needs.
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🔗 Resources:
New Anthropic AI problem (Bloomberg Business via Instagram)
Bitcoin Prices Fall Below $75,000 To Reach Fresh 2026 Low (Forbes)
Michael Burry says THIS is Bitcoin’s “death spiral” (Yahoo! Finance)
Oracle plans biggest layoff in years (People Matters via Instagram)
AI is gutting parts of the labor market (Ed Eldon via Instagram)
Anthropic CEO on white collar jobs (AI.Rise.Co via Instagram)
75% of tech jobs are about to disappear (Haris.Sy via Instagram)
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