| | | If you own the indexes, it's not a concern.
Things are a bit more extreme than in 1999-2000, but this mania probably has another 14-15 months to go before the AI bubble starts its crash and burn.
The liquidity pump is not being turned down. It's actually being cranked up.
I think Qone0 will agree that once Powell is out at the Fed, the amount of liquidity in the system is going to be crazy high, pushing equities and valuations higher.
It will take a financial crisis of some type to put a stop to the mania. However, until that happens, it's game on.
I think something else we have to consider is how will Universal Basic Income impact corporations, consumer spending, and savings and investing a few years from now and beyond.
With the rapid rate at which AI and automation are eliminating jobs, UBI is not a matter of if, but when. It won't just be the US. All western and developed countries will probably need to have some form of this to maintain social order and keep governments from being overthrown by the masses of newly and permanently unemployed. Even China. Especially China, since they have no social safety net. |
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