The AI bubble will pop in the next year. We are currently in 1998 of the dotcom bubble with another AI winter approaching. LLM and generative AI are this year’s “on the Internet” or “Uber for X” business plans.
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The economy bubble will be popped post-election (you will know when the Fed starts raising rates again), but CRE (commercial real estate) is likely the catalyst this time.
Within CRE, datacenters are the only item in the green in investors eyes, even more now because of the AI boom. I fully expect that class of investor to then dump more money than ever into energy generation and other sectors related to AI in order to escape the planned crash.
The biggest variable is if the supranational oligarchs are wanting to use this crash to cause a much more major shift in monetary policy such as CBDCs.