No. of Recommendations: 4
We old phartz have seen this movie before.
2000: "broadband network" operators that laid more fiber than they would need, for years.
2008: real estate speculation.
now: AI bubble.
All built on a mountain of debt...and then interest rates start to sneak up. For those who missed it, the Sec Treas said, in his presser Monday, that if their scheme to weaponize the Dollar against Iran's counterparties was implemented, it would blow up the global financial system. That, alone, would juice interest rates.
Steve
