Most Asian stock indexes are higher, tracking gains after a turbulent session on Wall Street. U.S. futures were little changed and oil prices advanced early Thursday.
The combination of two bubbles - overindebtness and banking overextending on loans, mainly via unregulated second-hand car loaning companies AND the AI one - blowing at the same time (or one blowing and causing the other to also blow as a consequence) is the really scary stuff:
It would basically be a smaller version of the 2008 Finance Industry Crash TOGETHER with a larger version of the 2000 Tech Crash.
The combination of two bubbles - overindebtness and banking overextending on loans, mainly via unregulated second-hand car loaning companies AND the AI one - blowing at the same time (or one blowing and causing the other to also blow as a consequence) is the really scary stuff:
It would basically be a smaller version of the 2008 Finance Industry Crash TOGETHER with a larger version of the 2000 Tech Crash.