The AI bubble is the only thing keeping the US economy together, Deutsche Bank warns: When the bubble bursts, reality will hit far harder than anyone expects https://www.techspot.com/news/109626-ai-bubble-only-thing-keeping-us-economy-together.html

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The AI bubble is the only thing keeping the US economy together, Deutsche Bank warns

According to a research note recently sent to clients by Deutsche Bank, the AI boom is currently helping the US economy avoid a recession but it cannot...

TechSpot
@nixCraft So, the bank that continued to lend to Trump, after a string of bankruptcies , thinks that the US economy is a bad bet.
@rrb clearly it's useful to have had plenty of experience with bad bets.

@rrb
Hhmm, well, when you put it like that… “So, the bank that continued to lend to Trump, after a string of bankruptcies , thinks that the US economy is a bad bet.” Just lost any confidence I had in DB’s ability to make a good call… what’s their motive? Where do we follow the money? 🤔

@nixCraft

@Su_G @nixCraft Deutsch Bank has a long history of being involved in everything shady:

https://www.dw.com/en/deutsche-banks-biggest-scandals/a-54979535

Going back to (at least the Third Reich:

https://www.jta.org/archive/german-banks-nazi-past-documented-in-new-book

Some think that they kept funding Trump because of Russian oligarchs using NY real estate for money laundering.

Deutsche Bank's biggest scandals

The FinCEN Files investigation has revealed that top Deutsche Bank executives knew the bank could be used for money laundering. The news is the latest in a long line of scandals from Germany's largest bank.

Deutsche Welle