The AI bubble is both massive and nearing its end. At least that’s how we read the tea leaves. When it bursts…the damage is going to be profound, financially, economically and even politically.
The AI bubble has gotten so massive and so complicated and so perversely organized that even the WSJ is having trouble figuring out how to describe the circular deals and money flows.
When this bubble bursts, it will be the most damaging in US history, by far. The amounts involved are truly staggering, measured in the supposed market valuations of the top 5 companies – Microsoft, Amazon, Apple, Nvidia, and Google. Together, they are ‘worth’ more than…
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