By David Stockman
David Stockman's Contra Corner
November 29, 2025
It should be damn obvious that the current blistering AI bubble is setting up Wall Street, the US economy and Trump-O-Nomics for a thundering bust. The AI frenzy has now gotten so out of kilter that fully $140 billion or 76% of the $184 billion gain in real GDP during the first half of 2025 was accounted for by feverishly surging investments in AI-oriented GPUs, network gear, server farms and data centers.