Carlos Peña: Is the Bubble Coming?

Economic history is plagued by financial bubbles: episodes of irrational euphoria where assets move away drastically from their real value, driven more by emotions than by fundamentals.From the 17th century tulips to the dot com bubble and the subprime crisis of 2008, these speculative explosions leave deep scars. Today, many wonder: where is the next bubble brewing? The main candidates seem clear: artificial intelligence (IA), the real estate s…