🇺🇸 AI could usher in an era of unprecedented prosperity
But what if the world isn’t prepared for the risks??
Economist Mohamed El-Erian joined to discuss the biggest threats facing the global economy, from the AI boom and mounting debt to the possibility of $150 oil!
El-Erian describes AI as a “rational bubble”: investors may lose enormous sums on projects that fail, but the potential payoff is so huge that the frenzy makes sense.
Meanwhile, if conflict disrupts both Hormuz and the Bab el-Mandeb, oil could surge to $150 a barrel, delivering another shock to an already fragile global economy.
With borrowing costs elevated, governments piling up debt, and AI companies taking on massive financing needs, could these risks compound into something far worse?
And which economies are best positioned to weather the oncoming storm?
@elerianm