High valuations and the CAPE concern

You may be familiar with the AI-fueled stock market boom. Well, former International Monetary Fund Chief Economist Gita Gopinath warns it could mirror the dot-com boom of the late 1990s. But worse. She calculates a similar crash could erase $35 trillion in global wealth. Today on the show, what would that mean for the US and global economies? 

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This indicator hasn’t flashed this red since the dot-com bubble 
Open AI’s deals are looking a little frothy

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