ANALYST WHO CALLED THE DOTCOM BUBBLE SAYS AMERICANS ARE TURNING A DEAF EAR TO AI WARNINGS—AND A WORSE MELTDOWN THAN 2008 LOOMS
https://media.zenfs.com/en/fortune_175/c76a98a480dae07867ec26595ee493fa
✍️ Albert Edwards, a global strategist at Société Générale, warns that the current US equity market is experiencing a dangerous bubble, driven by high-flying tech and AI, and predicts a deeper and more painful reckoning for the economy and investors.
👉 The current US equity market is experiencing a dangerous bubble, driven by high-flying tech and AI. 👉 The absence of hawkish policy could lead to a further melt-up, making the eventual burst even more damaging. 👉 The long-term risk of inflation in the West, driven by fiscal incontinence, is a major concern. 👉 The US housing market is vulnerable due to the Fed's loose monetary policy.
-- #AlbertEdwards #MerrynSomersetWebb #LisaShalett #PaulVolcker #JamieDimon #MohamedEl-Erian #JeffreyGundlach #ChuckPrince #UnitedStates #Japan #Malaysia #Europe #business
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