A famed strategist who called the dot-com bubble says Citrini's viral labor-market warning is already playing out [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Société Générale's Albert Edwards warns AI is already disrupting consumers and the labor market. Job growth is slowing despite GDP growth, and spending is flatlining. Edwards' comments come on the heels of Citrini Research's thought experiment that spooked investors. Citrini Research made waves in markets this week with a hypothetical thought experiment about how AI could dramatically disrupt the job market in just a couple of years. It was the stuff of dreams for permabears like Société Générale's Albert Edwards. The famed strategist, who called the dot-com bubble and regularly reminds investors of the bear case in markets, naturally had thoughts on the dystopian report, saying in a February 25 note to clients that he agrees AI will lead to bumps in the road for the labor market. But he also took it a step further: he's already seeing evidence that such a scenario is starting to play out, he said. "Macroeconomic doomsday scenarios foretelling what might happen by (a dist
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