AAA

Grouchy-Singer-9733

With companies going public, they have to prioritize the market profits, shareholders sharings, numbers go up, meet with shareholders and meet higher expectations. Seriously since business people started going into gaming companies (public companies) AAA gaming industry never recivered since

sloanemonroe

According to AAA gas prices up today. Ain’t that something

MrRobotFancy

do you feel good about treasuries versus AAA debt long long term? kinda freaks me out the national debt just goes to unwieldy / infinite at some point

MrRutin

AAA so that's how it was going to go right before the buzzer playing the market like a fiddle 

Worried_Quarter469

Today’s AAA regular unleaded gas National Average $4.140

HolaMolaBola

I'm in post-retirement and these are my fave bond ingredients suitable for the living expenses bucket. ||**Low Duration Bond Sleeve**||||**Sleeve Weight**|[**Std.Dev**](http://Std.Dev)|**Coupon**|**Fees**|**Duration**|**Rating**| |:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| |||||||||||| |Ultra Low Duration Treasury Bills 45day (100% AAA)||||SGOV||0.60%|4.18%|0.09%|0.13 yrs|AAA| |Ultra Low Duration Credit 1yr AA- (33% AAA 0% junk)||||PULS||0.83%|4.73%|0.15%|0.27 yrs|AA-| |Low Duration Treasury Notes 2yr (100% AAA)||||SCHO||2.03%|2.95%|0.03%|1.88 yrs|AAA| |Low Duration Govt/Credit 3yr AA (73% AAA 0% junk)||||BSV|72.35%|2.90%|3.34%|0.03%|2.60 yrs|AA| |Low Duration Junk Credit 4yr BB (0% AAA 100% junk)||||HYDW|27.65%|6.21%|5.60%|0.20%|2.80 yrs|BB| |GNMA Govt Mortgages 7yr (100% AAA)||||VMBS||6.85%|3.73%|0.03%|5.27 yrs|AAA| ||||||||||||

Ok-Wolverine-4223

Yeah, that is why I am doing JAAA. Not corporate bonds but typically pays out about 5% a year. Based on AAA debt so pretty solid.

almeida8x1

Your portfolio after tax should be 100% broad market index funds, retirement accounts should also be 100% broad market index funds. Once you get closer to a withdrawal period for either account, dollar cost average out of your holdings and into less volatile assets like municipal or AAA corporate bonds or some bond index fund or even a HYSA and then cash once you’re using it. ^ that blob covers about 90% of it. If you want to dial it in more watch money guys on YT and read the simple path to wealth by JL. It’s not complicated, if it seems complicated you’re doing it wrong.

Blueberryburntpie

"Don't worry, we only invested in AAA and AA rated debt." "Yeah, but what is that debt actually exposed to?" - Famous last words of 2006-2007

tgff333

Today’s AAA National Average $4.119 Price as of 4/6/26 Bro....

Brawmethius

Just the weekly rotation of your cash into 401k junkindexes. Same cycle. A good stable return is brought to market. It sucks up capital because its easy with low fees. Wallstreet spends a decade figuring out how to monetize it, usually is "fill this AAA shit with as much garbage as possible." Now featuring your 401k.

Firm_Passage_6844

how can i trade with lehman brothers? i heard they got AAA rated securities going on

RedPandaExplorer

I just rewatched The Big Short, where a big plot point was these garbage bonds were AA and AAA rated. And when the dominoes started to fall, a lot of large banks were doing shady shit to minimize their impact. I don't think it's a conspiracy that the market is fixed

Worried_Quarter469

Today’s AAA regular gas price National Average $4.081 Diesel $5.51

swampassOG

5' 4" and hung like a AAA battery 🔋

USDai

You’re 100% spot on about private credit eventually running out of money and drying up. The issue is that AI capex is so astronomical we’ve got to invent new ways to raise debt capital. ABS markets for AI will be 1000% necessary, Coreweave just signed a brand new deal this week with its GPU’s as collateral, and it earned a AAA credit rating at 9.25%. The infra is just difficult to finance right now because its so hot, so novel, that we don’t have historical data to placate credit investors. But ABS is the future for AI debt financing.

Blueberryburntpie

> Fear that investments are going sour. and sour for a while. TFW when you parked over 20 million in private credit because "it had good returns and is safe as AAA rated bonds", and now the gates have slammed shut.

Worried_Quarter469

Today’s AAA National gas price Average regular $4.064

Worried_Quarter469

Today’s AAA National Average regular gas price $4.018

Big_Red_Dogs

AAA just released a report the national average hit 4.02. Highest since 2022.

DelphiTsar

It's so out in the Open. Level 3 Asset Audits **you are allowed to make things up**. Here is out it plays out. The company has 2 billion in expenses, I model that I can cut 1 billion. So we can load that company up with an extra billion in interest only payments on the leveraged buyout. They company is loaded up to the gills with debt 8x 10x 12x! why not interest is basically free. All of this the auditors have to audit the model not reality so it's AAA debt! Oh dang I was only able to cut 250m, even at low interest this company can't pay off it's debt. Well we'll let them pay in stock, no path to pay off debt. Private credit model, It's still AAA debt! The company has only been paying interest, they now have huge debt they have to reservice. Not only have interest rates go up from baseline but now the bank knows there is no way they can actually pay this, so interest rates go WAY up. The auditors are like...ohh man this is one step up from default, you really have to fix this. Private credit model AAA debt! **TLDR it's fraud**

DelphiTsar

Level 3 Audits, Audit the model not reality. You are allowed to say "I am going to cut 99% of the workforce and also we're going to sell twice as much". The models it was audited on aren't working out. When a company is about to default they'll start paying in stock.(amending/paying in stock). This doesn't fix the issue, it just kicks the can. Various other things. The funds they are trying to sell 401k's are engaging in Fraud plain and simple. They KNOW their models are wrong but don't update them. That AAA company(That's only AAA because it was supposedly going to cut 90% of the workforce) that has only been paying interest that has it's debt wall coming up is still on their books as AAA when it has ZERO path to pay off it's debt at the upcoming higher interest rate(that it has to pay because it has zero path to pay off it's debt). It's a death spiral. Do not give these people your money.

DelphiTsar

They don't even sound good on paper, they are sattled with debt under the assumption they'd be able to cut 3/4th the workforce and it's not working out. They cut 20% and the 0 interest debt they got when they were a AAA company suddenly goes up because interest rates go up, but also because the projections that they'd be able to service that much debt were just completely wrong. Suddenly the huge debt you haven't paid a penny other than interest on is now 12% and you are boned. The companies with the funds KNOW there is no way these companies are going to be able to pay off their debt but pretend they are a AAA company and their projections of how much they could cut are working perfectly and interest rates aren't high. This as fraud plain and simple. As long as they don't say out loud it's fraud it's fine because it's private.

DelphiTsar

The companies go from AAA to default instantly when they've been known to be on the edge of default for a long time.

DelphiTsar

The thing with private credit is the companies are engaging in "legal" fraud. They know the underlying assets aren't performing like their models suggested they would but they don't update the models. This isn't a startup, these are companies and you have credit rating agencies saying they are AAA but they are scraping by pretending not to default by paying missed loans with generated stock.

SeemoarAlpha

Quite a few private assets are AAA, they get allocated to the well connected. The toxic residue will be allocated to retail. There was a reason that private assets used to be relegated to accredited investors, Joe lunch pail isn't spending his break time computing the convexity of exotic debt tranches.

sailortyx56

The AAA average fuel price is officially over $4 a gallon for the first time since mid-August 2022. [https://gasprices.aaa.com/](https://gasprices.aaa.com/)

jfwelll

These private assets are AAA, trust me bro

fastheadcrab

For sure and the safe harbor clauses blocking people from suing the fund managers are obscene. So a defense l from these corrupt mofos will literally be “it was rated AAA, I did nothing wrong.” Bruh. And it’s telling that the who are applauding this move are those companies facing a huge potential wave of private credit defaults. Literal repeat of 2008

Blueberryburntpie

"These tranches of debt are AAA. See, I scribbled 'AAA' on them with my sharpie."

tinydisaster

What who tells me? Dubai crude prices? Jet fuel prices? Hell, just diesel prices on the nearest street corner tells you everything you need to understand. Diesel is non linear to produce from crude, and you need medium sour to get the best fraction of it. Diesel is embedded in everything from agriculture, construction, transportation. Inflation is terrible for borrowing rates, which is part of why the MOVE index is elevated and not yet “crushed”. Given that a lot of private credit deals are, you know, private, but investors generally get prime plus something on top; the prime coupon rate means it’s safer and more advantageous to just pour into boring bonds with less risk than stay in PC. PC is also having the AAA backed slices liquidated to cover early movers, leaving the remaining bag holders left with lower class bonds, Bs and BB. If ratings even mean anything in PC anymore anyway.

Successful_Car1670

Solid AAA content, recent downgrade due to ongoing stability concerns

callsonreddit

>The price of ammonia and urea, two fertilizer ingredients seeing disruptions, are up around 20% and 50% percent, respectively, since the start of the Iran war, according to Oxford Economics. The price of diesel gas is up 43.5%, according to AAA.

ballsonreddit

The ripple effect of the Iran war on struggling U.S. farmers: "It couldn't have come at a worst time" >The price of ammonia and urea, two fertilizer ingredients seeing disruptions, are up around 20% and 50% percent, respectively, since the start of the Iran war, according to Oxford Economics. The price of diesel gas is up 43.5%, according to AAA. [https://www.cbsnews.com/news/ripple-effect-iran-war-struggling-u-s-farmers/](https://www.cbsnews.com/news/ripple-effect-iran-war-struggling-u-s-farmers/)

McKoijion

AAA's servers are getting hugged to death. Too many people checking gas prices.

Worried_Quarter469

Pretty good except for AAA gaming, what apps do you need specifically

Swiftnice

Looks like part of the talks are that 🥭 wants them to export more top tier AAA Iranian pussy to America

AbrocomaNegative825

Nvdia stands alone in its sector. Blackwell chips are basically the modern equivelent to tanks and military hardware. So much so that 🥭 is directing them to keep the best stuff here. Thats never happened, aside from certain AAA like the F35 fully kitted or the latest abrams. Nvda is a new kind of company. Just be happy they here and not china lol

RomanJohnWick

Private credit is the big one. Way too in debt with junk quality loans masked as AAA or equivalent. They can only go on for so long before they start bleeding money. Same companies who manage 401ks and ETFs, so I wouldn't be shocked in regular people see their retirement and savings accounts lose money by extension

DelphiTsar

Everyone with two brain cells to rub together knows Trump is lying. Algo trading on positive tweets makes people cover their short positions causes a temporary bump. That's ignoring you know everyone knows we're in a bubble. GAAP accounting shows companies **unrealized capital gains** in things like SPACEX funding round as profit. The private credit market is hitting circuit breakers because it's obvious they are lying about their underlying assets health. Companies go from AAA rating to default instantly. It's the most braindead market since dot com area and then some.

dontslambro

According to AAA’s fuel prices tracker, the national average price of gasoline stood at $3.977 on Tuesday morning, up nearly 35% since last month.

Gambled4MyRangeRover

007 First Light and Wolverine are also on my list (I'm a big AAA action fan)

1burritoPOprn-hunger

I want to meme about I'M NOT READING ALL THIS but it's a decent take. Agree that de-risking right now feels like a prudent move - but I can't stand bonds. Fortunately, I have a chunk of student loans at 6%, so I'll just be diverting some of my monthly contributions, which would normally go into equities, into a risk-free 6% return which doesn't feel too shabby right now. Bonds earn less than that, so I don't feel any need to buy them until I'm debt free down to the ~4% they yield. > Trustworthy companies like Vanguard bundle these junk companies together and sell them to index investors the same way Wall Street firms bundled together terrible mortgages and rated them AAA during the Great Recession. Don't totally agree with this take. Bundling things into ETFs isn't about disguising shit amongst the gold - the entire logic is to just own everything.

McKoijion

Passive investing only works in an efficient free market. The US is closer to a centrally planned communist or fascist economy right now. Passive investors are easy targets in this system. Billionaire owners of speculative tech companies with lofty valuations are selling stock to index investors and using the cash to buy less risky assets like land. Trustworthy companies like Vanguard bundle these junk companies together and sell them to index investors the same way Wall Street firms bundled together terrible mortgages and rated them AAA during the Great Recession. Investors that should be 60-40 stocks to bonds are 70-30 or worse. They feel safe because they’re invested in a trust with asset like VTI. But while Vanguard itself is safe, you’re passively invested mostly in a handful of megacap tech stocks. The main source of the capital to drive their valuations came from Gulf oil monarchs whose main assets, oil fields, are literally on fire right now. That means they’re going to crash down quickly. So my advice is to figure out the real asset allocation for your age according to Vanguard’s target date retirement fund, and invest there. That means holding boring bonds. Don’t be one of the risk taking idiots who holds 100% VT or a tilt to speculative tech. There’s a ton of them in /r/Bogleheads these days. https://m.youtube.com/watch?v=Tc120RAcx48 https://www.cnbc.com/2026/03/23/volume-in-stock-and-oil-futures-surged-minutes-before-trumps-market-turning-post.html

Ancient_Sun_2061

NARC Rating AAA Gold Standard. World has not seen a bigger better bolder one.

Dean_MF_Wilson

Fair point, though I'd like to add that AAAAAAAAAÀAAÀAAAÀAAAAAAAAAAAA AAAAA AAAAAAAAA, respectfully.

jhundu

Interesting read so I fact checked with Gemini Pro -Based on a thorough review of the Reddit post and cross-referencing it with current financial data and institutional research as of March 2026, here is an evaluation, fact-check, and independent analysis of the author’s thesis. # 1. Summary of the Post's Thesis The author argues that the $2–$3 trillion private credit market is essentially a recreation of the 2008 subprime mortgage crisis, just with different collateral and middlemen. The core thesis is that banks merely outsourced their risky lending to private credit funds, who then lent to overleveraged, unprofitable companies. Now, facing an energy shock (driven by the Iran conflict) and persistently high interest rates, these underlying companies are buckling. The author claims the crisis is being masked by accounting tricks and fund "gates," but that the systemic risk will ultimately blow back onto the major banks. # 2. Fact-Checking the Core Claims * **Claim: "40% of private credit borrowers have negative free cash flow."** * **Verdict: TRUE.** According to the IMF's latest Financial Stability Report, approximately 40% of private credit borrowers are currently operating with negative free cash flow. This is a severe deterioration from 25% in 2021. * **Claim: "Actual default rates are closer to 9% but Payment-in-Kind (PIK) accounting lets funds pretend borrowers are paying."** * **Verdict: TRUE.** While headline default rates look artificially low (often cited below 2-5%), rating agencies like Fitch have tracked "true" default rates—which include selective defaults, distressed exchanges, and liability management exercises—at closer to 9.2%. The explosion of PIK toggles (where struggling companies defer cash payments by simply adding the interest to their principal debt) is heavily masking underlying distress. PIK now accounts for roughly 8% to 10% of total investment income for major Business Development Companies (BDCs). * **Claim: "Blackstone's $82 billion flagship fund just got hit with $6.5 billion in redemption requests."** * **Verdict: TRUE.** In Q1 2026, Blackstone’s flagship private credit fund (BCRED) received redemption requests totaling 7.9% of the $82 billion fund, which equates to roughly $6.47 billion. Blackstone was forced to "upsize" its standard 5% withdrawal cap to 7% and inject $400 million of employee capital just to satisfy the requests. Similar liquidity gating has occurred recently at other major firms like Blue Owl Capital. * **Claim: Banks are heavily exposed because they lend to these shadow funds.** * **Verdict: TRUE.** The author correctly identifies that risk didn't leave the banking system; it took a detour. Banks provide massive leverage to these funds via "warehouse lines" and Net Asset Value (NAV) loans. Regulators have recently escalated warnings that the banking sector's exposure to Non-Bank Financial Institutions (NBFIs) is a critical systemic blind spot. # 3. My View Based on Research: Is it 2008 Again? The author's "Mark Baum moment" is highly justified by the underlying macroeconomic data, but **the mechanics of the fallout will look different than 2008.** It is less of an overnight banking implosion and more of a prolonged, slow-moving credit crunch. **Where the author is absolutely right (The Parallels):** * **The Illusion of Safety:** Just as subprime mortgages were packaged into AAA-rated CDOs in 2007, highly leveraged loans to unprofitable software and mid-market companies are being packaged into seemingly safe CLOs and sold to pension funds and insurance companies. * **Extend and Pretend:** The rampant use of PIK accounting is the 2026 equivalent of the "teaser rate" on a subprime mortgage. It delays the inevitable. If a company has negative free cash flow, paying interest with *more debt* is mathematically terminal, especially with the ongoing energy shock keeping inflation and rates elevated. * **Opacity:** Because these are private, bilateral loans, there is no public market pricing. Fund managers are effectively marking their own homework, delaying write-downs until they are forced to. **Where the author is slightly off (The Differences):** * **Leverage Levels:** In 2008, banks were leveraged 30-to-1 on toxic assets, creating instantaneous insolvency when asset values dipped. Private credit funds utilize significantly lower structural leverage (often 1-to-1 or 2-to-1). * **"Gates" Prevent Firesales:** 2008 was characterized by a "run on the bank"—depositors and counterparties demanding cash instantly, forcing banks to sell assets at a total loss. Private credit funds have "gates" (as seen with Blackstone). When things go bad, they simply lock the doors and refuse to give investors their money back. # Conclusion The Reddit author is fundamentally correct about the toxicity of the underlying assets. The current geopolitical environment—specifically the energy shock tying the Fed's hands on rate cuts—is breaking the business models of the 40% of private credit borrowers who are bleeding cash. However, because of the "gating" mechanisms, this doesn't trigger a sudden Lehman Brothers collapse. Instead, it triggers a **"distribution drought."** Retirees, pension funds, and institutional investors will find their money locked up indefinitely in depreciating assets. The systemic risk won't necessarily be banks failing overnight; rather, it will be a severe starvation of capital that deeply drags down the broader economy for years. OP is right to be bearish, even if the timeline of the collapse is stretched out further than 2008.

imnotokayandthatso-k

Bullish. Look at that warehouse. In terms of chinese smuggling operations this is some AAA shit. No random dog running around, nobody smoking, he even has security slides. Best in industry. Calls

d33p7r0ubl3

Which AAA games do you plan on Linux?

Competitive_Ride

I am AAA rated. Autism ADHD and Anxiety

ComfortableNo5231

There's a reason that MSFT is one of the only 2 stocks in the world to be rated AAA

Available_Blood_6134

In desert storm we watched a jet with lights on at night get shot at by AAA and suddenly shut them off. It wouldn't surprise me if something similiar happened.

elpresidentedeljunta

They´ll just sell war bonds and call them "AI Infrastructure bonds." Retail will think they build datacenters with the money and banks will give them AAA, but it actually stands for "Annihilate Iranian Infrastructure."

jetpacksforall

This is a AAA-rated comment here.

PandaBroth

How long before they fold the bad token with new token, blend it up, and repackage it as brand new AAA token?

katrav86

NBIS is a cash cow. every time it pumps I sell a few shares short. sold 86 shares, bought them back at 114. this scam company does its dilution job well. reliable, would recommend AAA++++

TACO_Orange_3098

AAA avg gas is 3.78 , diesel up above $5 but this is fine ................ BUT under Biden ..... America was a dying nation ! lol !!!

lilnext

Is unity still the leader in home sales Architectural apps or did they drop that to focus on games, because when they IPO'd a large chunk of their money was coming from Architecture companies for their VR systems, but since then all i hear about is ad revenue and games. Which to say, isnt good overall. If they dropped the ball in that space I dont see them having a good year until someone makes a AAA game in unity that has mass appeal. Because Tarkov and Cuphead are great, but they are no Mario Party/COD.

ai-moderator

#TLDR --- **Ticker:** SCHW **Direction:** Down 📉 **Prognosis:** Buy $75 Puts expiring 1/21/2028 **Catalyst:** AI is going to permanently steal all the white-collar Sun Belt jobs, causing Schwab's $206B in "AAA" mortgages to go up in flames. **Vibe:** Michael Burry crossed with Sarah Connor.

torokunai

FOMO hit 2005-2006 and cash-out refis on the pulled-forward speculative valuations were floating the Bush-era economy 2004-2006. It was around a $1.2T/yr stealth stimulus hitting middle-class pockets that nobody understood. But one housing valuations started falling back to reality (rent vs. mortgage w/ no speculative premium) there was going to be trillions of bad debt to be reassigned. People thought they were buying AAA-rated assets but it was all crap. Watch The Big Short, Margin Call, and Inside Job (which is the best IIRC)

BabaThoughts

How old are you? There are many approaches. But, for sure many low cost index and international and emerging market funds is the way to go. If you are older. Then diversify some of it in AAA corporate and other bonds.

Puzzleheaded-Net-273

Maybe because they are one of only 2 US based publically traded stocks that have a AAA credit rating. They are traditionally considered "The GOAT" and will be back! One of my largest holdings.

Dstein99

I looked into this a few years ago and I believe the CPI takes three readings on gas prices, one at each 1/3 of the month interval. With the war beginning overnight Friday 2/27- Saturday 2/28 there should be 0 war impact in this report. AAA says the current national average gas price is $3.578 up about 20% from $2.937 1 month ago.

earthcomedy

Not in private credit in terms of $ there, but I relate in my head CLOs to private credit. - in terms of spreads / liquidity. I was just in PAAA, but that's basically zero now. I move up quality ladder as AAA CLOs are stilll technically lower rated from my understanding. Prudential PULS has some CLO exposure - but minimal. Ah yes, Treasury Direct. Their website is painful though. If I need something like that I use BILS State Street.

earthcomedy

yes.. i'm handidly up for the year in all accounts on an annualized basis beating all indices (12-35%+), and that's with deploying in risk-on assets - only partial. Vast majority of funds are in things like JPST/MINT/AAA CLO (Though I've exited most of my earlier CLO - private credit thing). STill have PULS. gold-resource-commodities have been the best, though I've traded in and out of defense, etc... cut losses early, don't get greedy!

ProlapseMishap

That is above the record amount in the state by more than $1.50 and I don't see anything on gas buddy or AAA charts so big doubt from me on this.

PinPsychological82

There is a reputable games industry analyst I follow and he said making racing games suck lol. The licensing, fees, and the smaller player bases don’t make it economical. Racing games are actually pretty bad. So much in licensing and fees compared to the player base. Also with the gaming industry maturing, new AAA investments are hard to justify. We are entering a brainrot economy where low attention entertainment is generating all the buzz

Emotional_Two_8059

Was the Private Credit AAA and Synthetic by any chance? Certainly not, right?

wishihadaps42

50% mobile rest is console and PC from what I understood in their financials. They focus on core big budget AAA games, highest quality possible, annual sports games with recurring revenue/monetization and of course mobile market of freemium monetized games.

wishihadaps42

I tend to agree. I do wish they had more in the pipeline but time will tell if they consider making some racing games and other large AAA investments.

Business-Ad-5344

it's hard to get what he means with those selected quotes, but in some places, he's talking about "We" as in "Society" and also in his lifetime, meaning society in his lifetime there was a point when video game industry did not exist. That is correct. because in his lifetime he's talking about since he was born. but then later he does say "modern video game industry." i say half true only because they invented the GPU. eventually coming out of that was Halo and Half Life. those are what "Modern" gaming originates from. I believe by "modern" gaming he's talking about splinter cell or call of duty, GTA, cyberpunk, etc. "modern" game is the games considered AAA games and cost millions to make. it's a bit of a stretch. I believe modern game industry is created mostly by the creative studios themselves.

Raskuja46

I think there's a good chance Playstation an Xbox just outright die before they manage to crank out another generation of consoles. AAA gaming market's been rolling out a lot of huge financial failures lately and people are turning to their backlog and more affordable games from smaller teams.

CalebVanPoneisen

You lost half an AAA game on stonks?

Jorsonner

Turn off Kuwaits AAA at this point. I’m sure we have enough without them.

888virgil

Actually, the 2008 crash was primarily due to the S&P failing to rate junk bonds as junk bonds instead of AAA. While at the same time, banks were making loans at 125% of value to underqualified people. You did not have to be poor to be involved in this huge fail in our financial system. I attribute it to bankers greed.

guhhhh_MU

lets compare banks running a huge Fraud with "AAA" rated subprime housing loans to tech companies who beat earnings by billions and continue to make tons of money. Notice the difference? Calls

Sel2g5

The problem with every AAA is that they're all looking to be gta with a campaign and unlimited money online platform. GTA is a unicorn. Give it up. Stay focused on making great games that innovate. The writing has been on the wall for a few years now, the games are cookie cutter and have lots of micro transactions. Make great games and build from there. Nothing else. The company is probably already dead.

Real_SkrexX

Ubisoft has always been really good at visuals. They kept that quality, yes. But I don't see real innovation there as well. Also graphics has been a selling point for a while, but since games pretty much all look pretty decent, this is way less important than before. Just look at all the very popular indie games that are far from AAA-graphics.

daddywookie

I’ve seen similar behaviour in another publisher, but that was for casual/midcore mobile games. I think the “same game but different IP” model works there, but not for AAA.

vincehk

Most acclaimed recent AAA videogames wouldn't exist without Ubisoft / Assassin's Creed though; Elden Ring, last 2 big Zelda, Ghost of Tsushima, Horizon etc

Familiar_Gazelle_467

all the reddit tards will bash it while probably preordering their next AAA release, lmao

McZootyFace

Indie games and AI are going to absolute fuck the AAA market.

No-Emergency4880

AAA stands for "AAAnd it's gone"

Dumbest-Questions

It's definitely not a full "wheel", but maybe they are talking about Berkshire Hathaway selling long-dated (10-15 year) puts before the GFC? It was a bunch of huge trades where everyone got fucked in the process - Berkshire lost their AAA rating over these things _and_ their counterparties mishedged the structures.

psydelicdaydreamer

And the wh*res at the ratings agencies will give you at 92-93% AAA rating, no questions asked

miseducation

Microsoft sells gaming hardware big dog. both consoles and practically the entire PC gaming market. They've been very vocal in saying the price of AAA games is a huge problem as a console manufacturer. they've promoted crossplay across consoles before it was standard. A big thriving game development environment undeniably makes microsoft money. The Xbox division is a big loser right now with this moat you speak of.

KweenieQ

I've had mixed results with REITs: Success until the sub-prime meltdown. Failures or meh since then. US real estate as a sector has been depressed for a while, but there are bright spots. You just have to find them at the right time. I like bonds. Good ol' fashioned "boring" bonds. Cash on a regular basis for reinvestment somewhere else. I hold them to maturity, so I get full face value back. Or I buy discounted issues on the secondary market and then get full face value at maturity. I make sure they're not callable, or that the last call date has passed, and I stick with investment-grade bonds (those rated AAA down to B). My husband has held gold and silver for about 10 years. Not ETFs or mining stocks; bullion. Silver has already come down from a recent high, but gold remains elevated. Be careful with this; volatility comes with the commodity.

KweenieQ

Bonds, investment-grade (AAA-B) or government-issued. The bond market operates differently than the stock market, but it's worth deciphering. You say you're risk-adverse, but you've got significant positions in equity funds and individual stocks. Consider whether that's the right allocation for you.

longinuslucas

Seriously, the only AAA asset I will buy is government debt. Can’t trust these rating companies no more

CoolBeansChemist

Listen we take a bunch of BB and BBB rated dogshit data centers package them together and get a AAA rating and sell that to people. Definitely sustainable and will not cause major economic issues.

Initial_Ad_9250

Triple AAA rating ,A stands for Ass

NewOil7911

We should pull together multiple data centers debts, to "diversify risk", and get a AAA rating. And then sell it to all investors worldwide. Let's call it a CDO.

Emotional_Goal9525

People consider them AAA bonds. WMT is less likely to go tits up than US is to default on bonds.

d33p7r0ubl3

K shaped economies can't last forever. Something has to give. If you're able to use AI to take weeks of work down to a single day, I'd argue you're doing trivial work. Do you mind sharing an example? I haven't found chat bots to be of any help on problems encountered in AAA games as every problem is novel.

Raskuja46

Yeah, but the AAA market is coming apart at the seams while indie games are beating them up and taking their lunch money. Players are just as happy to play games that run on a potato as they are ones that require big beefy hardware. Even if AAA moves all their stuff to cloud based, the fact that they're struggling to put out *good* games means it won't create the market shift you're imagining.

SavingsDimensions74

Thanks for your input, none of which is based remotely on fact. Literally, every point you make is totally wrong. Impressively so. I won’t waste my time on every point you make but Greece didn’t almost collapse due to fake AAA packages. It neared collapse because: Structural fiscal deficits Corrupt accounting/shitty tax regs Eurozone design flaws Inability to devalue its currency Mortgage-backed securities were minor by comparison I won’t go into the rest because you obviously serve your own narrative but in Canada during ‘08: No Canadian major bank failed No taxpayer bailouts Credit kept flowing Canada exited emergency policy earlier than the US/Europe But sure, you do you. I prefer facts

ChanThe4th

The funny part is Carney being awful for England and doing nothing for Canada is agreed upon in an almost unheard of bipartisan fashion. The only group supporting him is China because any damage to Western Alliance they feel is good. He got Canada through 08? Canada didn't have any exposure to the fake AAA packages, which were primarily held in Europe, which is why Greece almost collapsed. Him and Harper made trade agreements with China illegally hiding them from public view that are still intact today. To top it off he went to England after they sorted out most of their issues post 08' and he came in and absolutely demolished their gains. You could easily argue both Trump and Xi support Carney because he is going to destroy all Canadian prosperity and allow both super powers to do whatever they want. It blows me away people are ignoring this, but then again most of this app are clankers pushing propaganda.

MtGloomy0420

I remember that other guy saying a buyer was in the room last April. Must be like a AAA scout where they are just going stadium to stadium looking for that special magic.

hexcraft-nikk

Productivity isn't up, prices are. Quality control has gone down across every sector. From the AAA gaming market to mainstream software giants, to food conglomerates. They have cut corners everywhere and fired everyone. Many sectors are running on skeleton crews in order to make profits look better than they are.

Vlisa

True! Why give the AAA guy a top when he could give me a tip instead. 😍😍😍