"It's hard to ignore the feeling that disaster looms as the AI bubble grows and the bets 'shadow bankers' are making look increasingly shaky The Big Bang came at the birth of the universe, but in the world of business it always comes at the end of a massive boom. Paschal Donohoe's budget this week was framed against a backdrop of unprecedented levels of cash in the Exchequer at home, and also unprecedented risk and uncertainty around the world."
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Rapid growth in AI investment is creating a sense of imminent collapse as speculative wagers by loosely regulated 'shadow bankers' become increasingly fragile. Economic metaphors liken the end of a business boom to a Big Bang that follows massive expansion. The national budget was presented amid unusually high cash balances in the Exchequer, juxtaposed with unusually elevated global risk and uncertainty. The coexistence of abundant domestic liquidity and heightened external instability raises concerns about asset bubbles, vulnerable financial counterparts, and the potential for sudden market corrections that could translate into fiscal and economic shock.
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