Oaktree Capital's Howard Marks, famed for predicting the dot-com bubble, warns that an AI bubble burst could trigger massive wealth destruction, job losses, and deepen social and political divides in the US.
#YonhapInfomax #HowardMarks #AIBubble #WealthDestruction #UniversalBasicIncome #OaktreeCapital #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95058
How much wealth an AI stockmarket crash could destroy

Our visual guide to how a bust that rivals the dotcom era could wipe out 8% of Americans’ household wealth

The Economist

Wealth builds slow and crumbles fast. Learn from bubbles, bad debt, and the timeless lessons of financial discipline.
#WealthDestruction #Finance #Economy #Investing #PersonalFinance #RiskManagement

https://www.canajunfinances.com/2012/06/03/the-khan-academy-and-sundays-best/