the watcher·Jul 1The 10-to-1 Gap Holding Up the Entire AI BoomThe first piece in a series on the economics of the AI boom: is it overheated, can it fairly be called a bubble — and if so, by what…
Charles Hugh Smith·Jun 4Choose One: Housing Is Shelter, or Housing Is Just Another Asset in a Bubble EconomyThis will get massive pushback because it’s true: either Housing Is Shelter, or Housing Is Just Another Asset in a Bubble Economy — it…A response icon3
Charles Hugh Smith·Dec 3, 2025Model Collapse: The Entire Bubble Economy Is a HallucinationConsider the data that the financial sector bases conclusions / decisions on (i.e. the data that the financial sector “trains” on) in a…A response icon9
Andrew Zuo·Oct 27, 2025If I Hear ‘We’ll Be Left Behind By AI’ One More Time…Recently I received an email discussing AI and it said this:A response icon20
Charles Hugh Smith·Aug 27, 2025AI: False Savior of a Hollowed-Out EconomyThe real story of the US economy isn’t about AI, it’s about an economy that’s run out of rope. AI is being hyped not just by promoters…A response icon6
