A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
The US is also heading for a debt crisis. I wonder when the stock market crash comes, will Trump’s attempts to ‘fix’ it be what finally ends the dollar’s day as world reserve currency?
It probably won’t be a singular crash. The .com bust really had no singular crash, more like a series of economic issues spanning 6+ years working themselves out. Plenty of stocks that were $200/share limped along at $10/share until the Great Recession consolidated everything into monopolies and oligopolies with 0% interest loans and no antitrust enforcement.
The US is also heading for a debt crisis. I wonder when the stock market crash comes, will Trump’s attempts to ‘fix’ it be what finally ends the dollar’s day as world reserve currency?
It probably won’t be a singular crash. The .com bust really had no singular crash, more like a series of economic issues spanning 6+ years working themselves out. Plenty of stocks that were $200/share limped along at $10/share until the Great Recession consolidated everything into monopolies and oligopolies with 0% interest loans and no antitrust enforcement.