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Podcast: Commonwealth Club of California Podcast
Episode: The Economy 2026: Bubble or Boom
Description: Are we in an AI-driven financial bubble? New York Times financial journalist Andrew Ross Sorkin, author of a new book on the 1929 stock market crash, thinks so. "I just can’t tell you when, and I can’t tell you how deep," he has said. "But I can assure you, unfortunately, I wish I wasn't saying this, we will have a crash.”
But other experts, notably Federal Reserve Chair Jerome Powell, doesn’t think the AI boom is another dot-com bubble. “These companies … actually have business models and profits... So it’s really a different thing,” Powell said in October...