Debt and Risky Bets Fuel South Korea and Taiwan's AI Stock Boom
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Debt and Risky Bets Fuel South Korea and Taiwan's AI Stock Boom
An AI boom has spurred historic rallies in Taiwan and South Korea’s stock markets. But with gains fueled by borrowed money and risky bets, what comes next? Find out on the Big Take Asia podcast. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg ...
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This kind of rhetoric was good in the 1980s when America was going through a consumer product boom, but it’s not going to meet the current moment. The Left’s easy counter is, “Sure, you can buy a cheap fridge, but you can’t afford housing, education, and healthcare.” We’re not going to get the DSA generation to change their minds with an appeal to consumerism and recycled arguments from “I, Pencil.” Sadly, we’re way beyond that point.
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This kind of rhetoric was good in the 1980s when America was going through a consumer product boom, but it’s not going to meet the current moment. The Left’s easy counter is, “Sure, you can buy a cheap fridge, but you can’t afford housing, education, and healthcare.” We’re not going to get the DSA generation to change their minds with an appeal to consumerism and recycled arguments from “I, Pencil.” Sadly, we’re way beyond that point.
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