Financial markets

While signs point to an advanced-stage bubble in AI, history shows that there is no exact point at which a bubble bursts under its own weight, the writer notes.

The four ‘O’s that shape a bubble

And what this test tells us about the artificial intelligence wave

The price of silver hit US$63.86 per ounce on Dec 10, nearly double its level a year ago, after the Fed trimmed rates by 25 basis points.
THE BROAD VIEW

Is silver the new gold?

The surge in the precious metal’s price could have ominous implications for the markets

The market for private credit is an estimated US$40 trillion. It is a big engine for the economy that fuels innovation, growth and the industrial renaissance.

Private-credit fears are based on four myths

The growth of private credit in all forms has actually made our financial system more resilient and less concentrated

Despite the shocks of 2025, India’s economy has held up better than expected, with GDP expanding 8.2% in the September quarter from a year earlier

Wall Street predicts rebound in Indian markets after tough year

AFTER one of India’s worst years of market underperformance in decades, some of Wall Street’s biggest names are calling for a rebound.

Nvidia founder and CEO Jensen Huang reported the company's record-high quarterly revenues on Nov 19. The next day, its share price fell 3%.
THE BOTTOM LINE

Why investors are increasingly fatalistic

Everyone knows share prices have a long way to fall. Even so, getting out now might be a mistake

Having to rewire supply chains is expensive, as traditional production locations, logistic routes and distribution networks have been in place for many years.

Weaponisation of finance over geopolitics a concern, says GIC’s CEO

Disruptions to trade, security and supply chains have been costly, he says

Overall GDP growth and broad stock indexes are being flattered by the torrent of investment into AI and its infrastructure – overshadowing what's really going on Main Street, says the US' NFIB.
THE BOTTOM LINE

The ‘phoney trade war’ may be ending

The idea that the trade shock has happened and is now bedding down as a given may be wide of the mark

The S&P 500 has delivered 16% a year over the past five years and 15% a year over 10 years, much of it driven by Big Tech and easily beating the index’s long-term average return of closer to 9% a year.

This market is nothing like the dotcom bubble

Regardless of what happens in the next several years, AI is likely to pay off big for long-term investors