By Aidan Devine
Publication Date: 2025-11-27 18:30:00
Jensen Huang, CEO of Nvidia, which develops chips for AI technology and is the world’s first $5 trillion company. Image: Getty Images
ANALYSIS
Let’s call it déjà vu. Call it the financial equivalent of Groundhog Day. Call it what you want, but it’s happening again.
Eighteen years after the greatest financial catastrophe since the Great Depression, the global economy appears to be on the brink of a new mess that threatens to take everything with it.
Only now the threat is no longer the reckless lending of mortgages in the United States. It’s AI. And bubbles.
There is a very real prospect that the world’s largest economy, the United States, is fueled by a stock price bubble that could burst before all others.
The risk is noticeable. AI has been driving the U.S. economy for some time, and problems that start in the halls of the New York stock exchanges and banks can and have caused pain down under.
We saw this film in 2008. Back when the global financial crisis was raging…
