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Podcast: Geopolitical Economy Report
Episode: Huge bubbles in AI & US stock market grow, while real economy is in recession
Description: The US economy depends more and more on enormous bubbles in the stock market and AI. The 10% of richest Americans drive half of all spending, while the real economy in many states is in recession. If the bubble pops, it could cause a severe crisis. Political economist Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=rXCVrLPTUHQ
Topics
0:00 Economy divided between rich & everyone else
1:36 Many US states already in recession
3:11 Biggest stock market bubble in history
5:31 90% of stocks owned by 10% richest Americans
7:23 Magnificent Seven (Mag7) Big Tech stocks
9:07 Ten Titans Big Tech stocks
9:58 AI bubble
11:46 (CLIP) Jeff Bezos: AI...