BREAKING
BIS Warns of AI Investment 'Bust'
0
B
2025 bond issuance
0
yr+
long-term maturities
From Cash Flow to Shadow Borrowing
1
Internal cash flows
↓
2
Corporate bonds & private credit
↓
3
SPVs, JVs, leases
Equity Runs Ahead of Debt
Equity markets
Optimistic
●
Prices surging
●
High earnings hopes
Debt markets
Cautious
●
CDS spreads rising
●
Payoff uncertainty
IMF, BoE and Dalio Echo Concern
Is AI Capex Backed by Real Demand?
AI NEWS BLITZ
The BIS warns that AI investment exuberance could end in a prolonged bust.