News alert: An economy that's worse than it looks
Headline numbers average out the extremes

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The economy is worse than it looks

The headline numbers average out the extremes, but the underlying picture is one of wealthy consumers thriving and everyone else trading down and borrowing more.
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Big banks foresee a big market correction. Top Wall Street chiefs from Goldman, Morgan Stanley, and Capital Group warned that markets may need a 10–20% breather after months of AI-driven highs.

Michael Burry’s not buying AI’s future — literally. The “Big Short” investor’s fund filed bearish bets worth about $1.1 billion on AI darlings Nvidia and Palantir, a bet that the AI trade has run too hot.

AI’s energy appetite is blowing up the grid. Utility giants are spending record sums in Washington as data centers drive up demand, bills climb 10%, lobbying surges, and the politics of power turn literal.

Shutdown politics could ground the country. Transportation Secretary Sean Duffy said parts of U.S. airspace may have to close within days, as airlines and controllers warn of mounting delays, cancellations, and safety risks.

 
 
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