NEW: Kaiser Permanente allegedly stole over $1B from Medicare. Their punishment was to pay back $556M. They still pocketed nearly half a BILLION and ZERO executives went to jail. Regular Americans don't get that deal. More from CEPR's @brandonnovick.bsky.social: https://bit.ly/3RQFxl1
Tariff-driven price hikes on cars and appliances may finally show up in tomorrow morning's #CPI release. Airfares and auto insurance aren't helping either. Here's the preview. #EconSky
cepr.net/publications...
Yes this bubble is going to burst and most cities and towns are the ones who will be left holding the bag!
4/4: For more context on why all indicators point to a bubble, watch the latest #MostlyEconomics podcast with
@edzitron.com and @deanbaker13.bsky.social.
They pick through all the issues with today's AI Boom.
youtu.be/_nbURWWgUx0?...
US corporate stock is worth nearly $80 TRILLION, more than 2.5x GDP. If P/E ratios returned to their long-term average, roughly $40 TRILLION in wealth would be wiped out, about $300K per household.
The S&P's price-to-earnings (P/E) ratio sits at 39.6, just under the 43.8 dotcom peak. The long-term average is 19.1. Several Magnificent Seven stocks are far above that.
🧵 BREAKING: Top economist & CEPR co-founder @deanbaker13.bsky.social is now tracking the #AIbubble in real time. He spotted the tech and housing bubbles early. Follow along as he watches how this one develops. #econsky #economics bit.ly/3QsiBrM
Dean Baker is one of my favorite economists. I first heard about him because he was one of the few to recognize the housing bubble BEFORE everything went to shit around 2008.
Center for Economic and Policy Research
Center for Economic and Policy Research
Center for Economic and Policy Research
Center for Economic and Policy Research
Center for Economic and Policy Research
Lu 💙
Center for Economic and Policy Research
Future financial historians will hail June 8, 2026, as the day the great @deanbaker13.bsky.social launched his "AI Bubble Monitor".
