Source: CounterPunch
by Dean Baker
“I often get that question. I can’t say I have a very good answer. Going back to the last bubbles, it would be difficult to identify any events in the world that precipitated the collapse of either the 90s tech bubble or the housing bubble in the 00s. Both times the economy seemed to be moving along at healthy clip just prior to the collapse. There had been warnings in both cases. … But these warnings came well before the crashes. There is no obvious event that caused the stock market to turn in March of 2000 or the housing bubble to peak in the summer of 2006.” (03/02/26)
https://www.counterpunch.org/2026/03/02/when-does-the-ai-bubble-burst/