Is it a bad sign when people start making Enron comparisons? It seems like a bad sign.

Following up on yesterday's post. If you're not interested in the AI bubble, you might want to come back next week because this thread is going to be running through Friday.Here is Ed Zitron discussing the AI industry's huge off-the-books debt. Before we jump in, however, there's one point I want to emphasize (we'll dig into this even deeper tomorrow when we discuss Patrick Boyle's analysis). This story is Enron-esque. It is Enron-reminiscent. It is "a little bit Enron." It is not, however, another Enron.The executives at that company engaged in criminal accounting fraud. People went to jail. As far as I can tell, no one is seriously accusing any of the major AI players of that kind of Enron-level behavior. The key phrase here is "at least on a balance sheet basis." Oracle and all the rest are hiding their debt from people who do not read the footnotes. Legally, that's a huge distinction, the kind that determines who goes to jail and who doesn't, but the difference can be smaller than…