The central bank of central banks warns AI frenzy could trigger
stock-market slump and jeopardize economy
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Rich stock market valuations, investor complacency, circular financing, and
the potential knock-on effects in credit markets are a clear warning in the
BIS...
44 minutes ago
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ONENESS REALLY means ;..One reason for the synchronized gloom, of course, is the synchronization of the global economy. But the world is suffering from more than a shared summer cold. Rather, we are all, both together and apart, trying to figure out three big questions. Our answers to them will shape the 21st century.
ReplyDeleteThe first is how nation-states fit into a globalized world economy. Different countries are wrestling with different versions of this problem. Small states with their own currencies and open trade policies have just endured a version of the Asian crisis of 1998, and they have come to similar conclusions — survival requires a fortresslike national balance sheet and export-led growth. That’s why Baltic leaders, these days, sound an awful lot like Southeast Asian ones.