Council on Foreign Relations 93d ago

“Bubbles occur when the level of investment in an asset becomes persistently detached from the amount of profit that asset could plausibly generate within a time frame that matches investors’ expectations and patience,” says Jared Bernstein, distinguished policy fellow at Stanford University’s Institute for Economic Policy Research, senior fellow for economic policy at the Center for American Progress, and former chair of the Council of Economic Advisers. “There really is a lot more debt now being taken on. In fact, tech companies are taking on record debt for AI.” Subscribe to our channel: https://goo.gl/WCYsH7 This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy. Visit the CFR website: http://www.cfr.org Follow CFR on X: http://www.twitter.com/cfr_org Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/