Jim Rickards – AI, Debt, And The Global Economy
Porter & Co. Black Label Podcast
Navigating Financial Turbulence: AI's Dual Edge
This chapter explores the banking industry's challenges, particularly related to commercial real estate and COVID-era bond losses, while analyzing the impact of artificial intelligence on capital markets. It highlights the precariousness of the stock market, where a few dominant tech companies can distort indices, and cautions about the collective behaviors that can lead to market turmoil. The discussion underscores the limitations of AI compared to human judgment in trading, illustrating the complex interplay between technology and market dynamics.
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