Global markets face mounting risks from AI speculation, cryptocurrencies, and debt

Recent market volatility signals a concerning accumulation of risks in the global financial system, with some experts drawing parallels to the conditions preceding the 2008 crisis. This volatility is linked to potential AI speculation, the mainstreaming of cryptocurrencies despite price crashes, and billions in loans from shadow banks. Additionally, massive government debt, unpredictable US economic policies, and potential Supreme Court rulings on tariffs contribute to the uncertainty. Experts like Kenneth Rogoff believe market valuations do not accurately reflect these risks, suggesting high stock prices are driven by anticipated AI-driven productivity gains and potential job reductions rather than robust future growth.