The “Greatest Bubble of All Time,” Says Wall Street Expert, Is About to Pop

Featured Story

BY SRH

The artificial intelligence (AI) boom is being referred to as “the greatest bubble of all time” by Ed Dowd, a world-renowned Wall Street financial expert. Dowd is also warning that the collapse of this boom would bring about terrible economic chaos. According to Dowd, the bubble is on the verge of bursting, which will result in a painful market collapse of between forty and fifty percent. During the height of the dot-com bubble, the professional money manager and financial analyst at Phinance Technologies made a name for himself. During the time that the dot-com bubble was bursting, Dowd was advising investors to get out of the market before the technology-driven market mania collapsed. Now, Dowd claims that he is observing the same cautionary signs with regard to artificial intelligence.

However, he warns that the stakes are significantly higher this time around. Dowd continued by saying, “Learning about the past can provide you with a thought of where you might be going in the future.” The artificial intelligence bubble is possibly the largest bubble in the history of the world. The situation is getting to the point where it is going to be exposed, and people are starting to give warning signals. After that, everything begins to calm down. In a recent interview, Dowd included a reference to Lloyd Blankfein, a former CEO of Goldman Sachs who has also expressed concern regarding the enormous concentration of capital in artificial intelligence. The concerns, however, go much further than simply an excessive amount of investor enthusiasm, according to Dowd.

Digital transformation concept. Binary code. AI (Artificial Intelligence).

Don't Miss

S&P Futures Hit All Time Highs On Stimulus, Vaccine Hopes; Gold, Silver Tumble

By StevieRay Hansen

S&P 500 futures hit a record high as investors shrugged off continuing U.S.-China tensions and instead focused on news of an approved, if largely unclear,…

Nasdaq Tumbles Into Red, Erases Vaccine Spike As ‘Memo Meltdown’ Continues

By StevieRay Hansen

All major US equity indices spiked in the early hours overnight on the back of optimistic vaccine headlines from Russia. However, while Russell 2000 futures…

The Economy Is Mortally Wounded

By StevieRay Hansen

A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. Read more12 Signs That The Economy Is Seriously…

Morgan Stanley Sounds The Alarm On Record High Bond Duration, Is Starting To Buy Bond Volatility

By StevieRay Hansen

You Have More Duration than You Think 2020 has seen a pandemic inflict enormous human and economic cost. In 2Q, the global economy contracted by…

Another Bank Bailout Under Cover of a Virus

By StevieRay Hansen

Bulls Charge To All-Time Highs As discussed previously in “Insanely Stupid,” we noted the market remained confined to its consolidation channel, but the bullish bias was to…

Stevie Ray

Leave a Reply

Your email address will not be published. Required fields are marked *