Gerard Minnack

In this discussion, John Simon, a former head of economic research at the Reserve Bank of Australia, and Gerard Minnack, an investment strategist and founder of Minnack Advisors, explore the complexities of economic bubbles with a focus on AI. They highlight how historical bubbles share features of hype and fear of missing out (FOMO). Both agree AI is currently overhyped but debate whether it will lead to a significant market crash. They also discuss the role of competition, the impact on consumers, and long-term benefits versus short-term risks.