Prediction evidence

Mike McGlone says the AI boom is a bubble that will eventually bust "The key cycle I think we're gonna get from AI is post-inflation deflation, significantly, because there's no doubt it's massively awesome for productivity." "And right now there's no doubt it's one of the main reasons we have stock market cap to GDP at 2.5 times, the highest on record." "Also no doubt, when you talk about debt in this country, it's only 121%, that's the same as 6 years ago. But the problem is, now the stock market to debt ratio is the highest in 25 years." "So focus on what matters. That's the AI boom. It's an AI bubble. And it's gonna bust. It's the question of when and how it happens."