FT商学院

How the bubble bursts
泡沫如何破裂

AI-fuelled market euphoria is a new telling of an old story that will not play out differently this time, writes John Plender — but it may have some way still to go
由人工智能推动的市场狂热,是旧故事的新版本,这一次也不会有不同的结局——但目前这股势头或许仍将延续一段时间。

Be warned. We are reliving the Roaring Twenties. Not quite a new Jazz Age — jazz is a bit tired these days. But artificial intelligence euphoria is rampant, crypto lunacy is rife, credit is bubbling in private markets and the US is once again at the heart of a global fiscal and financial maelstrom. Close to a hundred years on, we have to ask: does another 1929 crash loom?

且慢高兴。我们仿佛重回“咆哮的二十年代”。虽称不上崭新的爵士时代——毕竟如今爵士已有些乏力——但人工智能的狂热正肆意蔓延,加密货币的疯狂比比皆是,私募市场里的信贷泡沫翻腾,而美国再次处在manbetx app苹果 财政与金融风暴的中心。将近百年之后,我们不得不问:另一场“1929年崩盘”是否近在眼前?

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