Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity’

Spending] may well be skewed toward higher-earning consumers,” Powell said. “There’s a lot of anecdotal evidence to suggest that.” ... Read More

AI's economic boost isn't showing up in GDP, and Goldman says that's a $115 billion blind spot

AI added $160 billion to the US economy, but only $45 billion appears in GDP because of how growth is measured. Read More

Just How Bad Would an AI Bubble Be?

The entire U.S. economy is being propped up by the promise of productivity gains that seem very far from materializing. Read More

Unlike 2008, When Jobs Returned As The Economy Improved, AI Could Replace Them For Good. What's The Plan Then?

As one Redditor put it in a thread on r/Layoffs, during the 2008 financial crisis, people who lost jobs held onto one hope: things would bounce back when the economy improved. Now, with companies ... Read More