Increasingly, Wall Street traders are betting on the range in AI development as the rest of the economy is stagnating. As is often the case, the stock market companies represent the interests of the upper middle class while the middle class and the working class suffer the increasing costs of inflation.
Another problem is the great investment in the military which is losing wars and takes away from investment in the real economy. Lastly, the growing US debt is translating as a loss of revenue in Treasury bills in which many countries are no longer willing to invest. The costs of the AI trick pony are coming home to roost.
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