?? THINK FUTURE

?? #ECONOMIC #CYCLES

??? Economies grow in regular cycles of various lengths, the longest of which are driven by new waves of underlying #technology #innovation.

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??? However, we tend to #over-#estimate how fast tech change will happen, but #under-#estimate the magnitude of the change in the long-term.

??? As we are currently witnessing with the #stock #market, the #AI #revolution is driving rampant #speculation, in my opinion far beyond the norm, and we are on the verge of a major stock market #collapse, and a potentially severe #recession. Stock markets have been declining for the past month, and they are clearly still over-bought based on company earnings potentials.

??? #Consumer #markets have been in recession for more than 50% of the population in North America ever since 2019, prior to Covid. The economy was kept afloat by way of massive insertions of government support funds.

??? But that has escalated #government #debt astronomically, #consumers are maxed out on their #credit #cards and #mortgages, and #businesses of all kinds and sizes are going #bankrupt.

??? This situation is simply not sustainable, in my opinion. I hope I am proven wrong, but I advise strict care for your business and personal finances.

??? In the end, #Quantum #Computing and #AI will lift the economy back into a genuine expansion mode. But we are not quite there yet.

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