Would every company be affected if the AI bubble were to burst? That’s what Sundar Pichai, the head of Google's parent firm Alphabet reckons.
The facts are startling, with the crypto market shedding more than $1tn in six weeks amid fears that the bubble may just go pop. With bitcoin price at its lowest level since April and the FTSE 100 falling, the guys at the top still say they absolutely do NOT think there’ll be a burst. That normally goes well right?
In UK News, Philip has started somewhat of an X meltdown. He reported that British abortion rates as a % of pregnancies are exploding in spite of recent innovations in contraception. Warning that this a major signal that something is deeply wrong in the economy. Is Britain heading to an almighty demographic crash-out, leading to an immigration boom?
Meanwhile in Mexico, after thousands of demonstrators marched in the capital on Saturday to protest against violent crime President Sheinbaum has again dismissed Trump’s threat of sending in US troops. Sheinbaum said the marches, which also took place in other cities, had been funded by right-wing politicians who oppose her government.
Could the US be trying to encourage a colour revolution? While Trump continues to keep eyes on his armada in the southern Caribbean, close to Venezuela, who’s to say? And would it even work?
Still hungry for more?
Philip sat down to converse with Jacques Sapir, a leading expert on the Russian economy, and part of the Institute of Economic War in Paris, to chat all things Russia, for the Danube Institute. Thoroughly recommended, you can watch here: https://youtu.be/5raqAVEOWXU
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