Two factors can serve as early warnings of where and when a financial-market bubble might burst, and whether it will hurt the economy.
AI-driven gains will accrue largely to the owners of capital, and less so to a potentially shrinking labor force.
At a time when asset prices are already elevated, lower borrowing costs will invite even more leverage and speculation.
As AI reduces demand for labor and boosts productivity, governments and businesses are going to have to adjust.
Concerns over Xi Jinping's geopolitical ambitions have put a damper on the Chinese stock and bond markets.
Beating high inflation in the U.S. and elsewhere requires a coordinated global response.
The U.S. economy is uniquely equipped to mitigate and overcome the current price surge.
Inflation shouldn't distract central bankers from bigger issues stemming from the balkanization of the global economy.
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