Threat of AI share crash puts world financial stability at risk, says IMF
The IMF cautions that overvalued AI firms with growing debt endanger global financial stability, as a market correction could spark widespread disruption. Excessive leverage, circular financing, retail speculation, and heavy concentration in major tech giants heighten vulnerabilities. Uncertain profitability, cybersecurity risks, and mismatched economic returns underscore the need for preparedness amid looming volatility.
Everybody Knows this, but nobody wants it to stop. Why?? Because the only thing currently supporting the GDP of the entire OECD is the rampant speculation in AI. NYC's entire budget is being supported by the whopping amounts of money being manufactured and spent on Wall Street.
Problem is, it will stop and then they'll say "who cooda node?" 🙄
RE