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.
Un rapport de la Deutsche Bank montre que les États souverains pensent désormais en onces d'or plutôt qu'en termes monétaires classiques. L'or redevient la monnaie.
Olivier Demeulenaere
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par Vince Lanci
L'intérêt renouvelé de la Deutsche Bank pour la «demande inélastique» annonce un changement profond sur le marché de l'or. Les États souverains planifient désormais en onces, et non plus en termes monétaires, et leur accumulation est devenue stratégique, permanente et insensible aux fluctuations de prix.
By George F. Smith
November 28, 2025
I'm sure there will be some shocking events in 2026, but I could only guess what they will be. There are too many wildcards in the mix, with one big one taking center stage: States. Check any problem and if you dig deep enough you'll find one or more of these indispensable organizations at the root.
The civilized world, such as it was, took a nosedive after the Sarajevo assassinations in 1914 ignited the political tinderbox in Europe.
By James Anthony
November 28, 2025
A reserve money is used by the world's people to buy from and sell to one another.
If a reserve money is produced by a nation's politicians, this is both good and bad. It helps the nation's people buy more products from other nations' people. But it also helps the nation's politicians borrow and spend more.
When the nation's politicians borrow and spend more, that forces the nation's people to invest less and produce less.
By Ryan McMaken
Mises.org
November 27, 2025
For those of us who have lived through past recessions, this latest development comes as no surprise: as the US economy worsens, we're now being told that consumers are hurting the economy because they are saving too much money.
This is a pretty common trope among the regime economists whose job it is-apparently-to incessantly harangue the American consumer into spending every last dime he has on corporate America's trinkets.
© Just_Super Source: Gettyimages.ru
Réseau de téléphonie mobile 5G
Selon l'Ericsson Mobility Report de novembre 2025, l'Afrique subsaharienne devrait connaître la plus forte croissance mondiale de la 5G, avec un nombre d'abonnés quinze fois supérieur aux 27 millions de 2025. D'ici 2031, la 5G atteindrait 53 % des abonnements
By Christopher Chantrill
American Thinker
November 25, 2025
I passed by a bunch of little kids recently, chasing after bubbles emitted by a bubblicious toy. What a delightful time they were having.
That's all very well, but right now experts are worrying about an AI Bubble, as the stock market retreats some 8-10 percent from a peak at the end of October. Here's one take from Niall Ferguson worrying about the crazy plans of the AI promoters:
SchiffGold.com
November 25, 2025
On Wednesday's episode of the Peter Schiff Show, Peter returns to his show to walk listeners through what he sees as multiple asset bubbles and why those bubbles matter beyond headline market moves. He calls out the AI stock mania, a fragile housing market propped up by policy, and the crypto circus - all potential bubbles inflated by easy money.
By Milan Adams
Preppgroup
November 25, 2025
Predicting outright state collapse is inherently uncertain, but by 2040 several countries face materially elevated risk of severe state failure or collapse of central authority-meaning loss of effective governance over significant territory, large-scale internal conflict, or fragmentation. The following list identifies countries widely judged vulnerable by analysts, with the dominant factors driving risk for each.
© Unsplash / Karen Nash
Dakar, capitale du Sénégal. [Photo d'illustration]
Les banques ivoiriennes ont triplé leurs achats de dette sénégalaise en un an, atteignant 1 800 milliards de FCFA (2,7 milliards d'euros) et détenant 42% des obligations, au moment où Standard & Poor's dégrade la note souveraine du Sénégal à CCC+. Sel