It may well be that an AI bubble burst is the tipping point, but I think that tipping point was coming either way. The US admin has been (almost desperately) t

It may well be that an AI bubble burst is the tipping point, but I think that tipping point was coming either way. The US admin has been (almost desperately) trying to prop up markets and an already struggling economy. If it wasn't AI, it could have been another industry. I think AI is more of a sideshow in this context. The bigger story is the dollar losing its dominant position , money draining out into Gold/Silver/other stock markets, India buying oil from Russia in Yen, a global economy that has for years been propped up by government spending (US/China/Europe/...), large and lasting geopolitical power balance shifts, ... These things don't happen overnight, and in fact over many years for USD holdings, but the effects will materialize. Some of the above (dollar devaluation) is actually what the current admin wanted, which I would see as an admission of global shifts. We might see much larger changes to the whole financial system in the coming decades, which will have a lot of effects.