Major central banks are now openly warning that the AI hype is inflating a dangerous equity bubble. After the Bank of England’s alarm over “stretched” valuations and the risk of a sharp correction, the European Central Bank (ECB) is also warning that AI-driven stock prices could fall abruptly, with systemic consequences for global markets.
Jokes on them! I had to nearly empty my retirement earlier this year to simply buy food and pay bills!
Late-stage capitalism! Wooohooo!