Just kidding.
As often happens in a sector when things are extremely frothy and bubbly and hundreds of billions are being plunked down by drunken sailors, eventually the bean counters and creditors say “whoa – slow down a second. That’s a shit ton of money on a lot of promises and pipe dreams” and they start to balk and sober up.
That’s what just happened.
If Comrade Clayton paid attention to the private credit sector (see: Blue Owl) he would have known many weeks ago that this was coming.
Previously, the hyper-scalers WERE taking a ton of money out of their own cash flow to finance these things (which may or may not prove to be pie-in-the-sky bullshit). NOW, they are going to the private credit markets – and the well is starting to run dry.
Comrade Clayton is a socialist, so he thinks money grows on trees. Turns out, there are a LOT of guys in charge of the financing, demand forecasting and engineering of these things. They are all about 50 times smarter than the kid who lives with mom at age 35 and can’t find a real job. Many of them are starting to ask if all these data centers are going to pay for themselves in the end.
But let’s not ruin Comrade Clayton’s daydream. He went to bed at mom’s house last night dreaming that the helpless, stupid Texas citizens hoisted him up on their shoulders and thanked him for saving their water. It’s those ridiculous and deluded dreams that him help crowd out his REAL memories of him and his tuba being stuffed into a locker back in high school by the cool kids.
