Is another financial crisis on the horizon? Wall Street fears new crash
About this episode
Ben Norton discusses the potential for a new financial crisis in the U.S. and the implications of the private credit industry and the AI bubble.
Is the United States on the verge of another financial crisis? Some top Wall Street executives fear the bankruptcies in the $3 trillion private credit industry could spread, as firms prevent investors from withdrawing their capital, in what resembles a bank run. Then there are problems with the AI bubble and Big Tech stock market bloat. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=S1cx9Zk6WZk Check out our other video explaining how the Iran war will transform the global economy: https://www.youtube.com/watch?v=kocFwbTbs1Q Topics 0:00 New financial crisis coming? 0:36 Private credit industry 1:27 Cockroaches in private credit 2:18 Bank run similarities 3:32 Bank exposure 5:13 (CLIP) ex Goldman Sachs CEO 6:06 Trump admin scheme 7:55 Blackstone CEO funded Trump 8:48 AI and software companies 9:13 AI bubble 9:42 Big Tech Magnificent 7 (Mag 7) 10:13 US stock market bubble 10:40 AI drives US GDP growth 11:11 Most Americans in recession 11:43 Richest 10% consume 50% 11:57 Iran war, energy crisis, food 13:17 Outro
People in this episode
Host: Ben Norton
Topics covered
- financial crisis
- private credit industry
- bank run
- AI bubble
- Big Tech
- stock market
- recession
Keywords
- financial crisis
- private credit
- bank run
- AI bubble
- Big Tech
- stock market
- recession
- Wall Street
- Trump administration
- Blackstone
Mentioned in this episode
Organizations: Wall Street, Blackstone, Goldman Sachs, Trump administration, Big Tech
Products: AI
Places: United States
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