A crash is coming

Inspired by: https://engelsbergideas.com/essays/a-crash-is-coming/

Warns of impending economic bubbles fueled by AI investment exuberance, reckless non-bank private credit expansion, soaring sovereign debt, and speculative assets like digital currencies, potentially bursting under pressures like policy shocks or rising interest rates.
These bubbles, larger and more intertwined than past ones (e.g., Dot.com or 2008 housing crisis), penetrate the real economy deeply, risking widespread credit disruption and losses equivalent to major economies' GDPs.
A burst could lead to a severe recession unless met with swift, effective policy responses like rate cuts and stimulus, but poor leadership might exacerbate denial and blame-shifting.
Ultimately, the crisis may end populist policies, reshape alliances, and transform the geopolitical landscape amid eroded US institutions and fiscal damage from current administrations.
Thank for reading.