This one will be a lot worse than the sub-prime mortgage crisis, as AI investment has left many major banks, index funds, and most of the top 10 most valuable companies in the world heavily exposed, and the world governments are already at historic levels of debt - meaning a bail-out even if desired by those in power, may not be possible as it was in 2008.
Get ready for GFC #2.
This one will be a lot worse than the sub-prime mortgage crisis, as AI investment has left many major banks, index funds, and most of the top 10 most valuable companies in the world heavily exposed, and the world governments are already at historic levels of debt - meaning a bail-out even if desired by those in power, may not be possible as it was in 2008.