Corporate and personal credit surge simultaneously! SocGen’s top bear: The U.S. economy is teetering on the edge of a cliff, with its fate hinging entirely on AI.
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The US economy is undergoing a profound structural transformation, shifting rapidly from the post-financial crisis era of deleveraging to a debt-driven growth model, with AI at the core of this change.
Albert Edwards, strategist at Société Générale, warned in his latest weekly report that the simultaneous surge in corporate and