WEF Chairman Warns of Three Major Bubbles in Global Financial Markets: Cryptocurrency, AI, and Debt
According to a report by Deep Tide TechFlow, on November 6, Klaus Schwab, Chairman of the World Economic Forum, stated that global financial markets may face three potential bubbles: the cryptocurrency bubble, the AI bubble, and the debt bubble. He pointed out that since 1945, the level of government debt in various countries has never been this high. Schwab believes that while AI can enhance productivity, it may threaten white-collar jobs, especially in large cities, where a phenomenon similar to the 'American Rust Belt' may occur. Recently, companies like Amazon and Nestlé announced layoff plans, reflecting this trend.