The AI Bubble is the Only Thing Keeping the US Economy from Recession
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The AI Bubble is the Only Thing Keeping the US Economy from Recession
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Ferenc Toth discusses the impact of the recent federal government shutdown, noting that 75% of employees are essential and 25% are non-essential, with the latter potentially facing termination. He criticizes the federal government's excessive spending, which has increased by 54% since pre-COVID times, despite a 2% population growth. Toth also addresses the AI bubble, citing a Deutsche Bank study predicting a severe correction when the bubble bursts. He emphasizes the importance of reducing market risk and suggests a conservative investment strategy, including annuities and high cash value policies, to mitigate potential losses.
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