PETER SCHIFF: THE NEXT FINANCIAL CRISIS COULD HIT BEFORE THE AI BOOM EVEN PAYS OFF
I spoke with Peter about something that's been bothering me: oil is soaring, borrowing costs are climbing, and yet markets seem remarkably comfortable with the risks.
He thinks investors are missing the bigger danger.
AI companies are borrowing enormous sums to build data centers, with no guarantee the profits will arrive in time to repay the debt.
Meanwhile, governments are competing for the same capital, inflation is rising, and higher interest rates are putting pressure on banks and homeowners.
He believes the housing market could be the first major casualty, with losses spreading through the financial system.
And another escalation with Iran would only add to the pressure.
His warning is that we could face a sovereign debt crisis before anyone finds out whether the AI boom was worth the money.
@PeterSchiff
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pinnn @gevin7777 ·
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@MarioNawfal Schiff has been saying this for years though 😅 Does he ever get credit when he's right?























