Brian Judge homes in on the growing mismatch between speculative future revenues and current contractual debt obligations.
en English
Economics
Jul 28, 2026
Brian Judge
In episodes like the railroad boom and the dot-com bubble, creditors and shareholders were wiped out, because investment in a genuinely transformative technology outpaced any plausible near-term return. With the US financial system and asset markets having become a one-way bet on AI, such an outcome today could be catastrophic.
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