Masters in Business · Friday, October 23, 2026
Robin Wigglesworth notes that while he is generally relaxed about market bubbles, the current artificial intelligence boom is increasingly fueled by credit and off-balance-sheet liabilities. He warns that credit-driven bubbles tend to burst in more violent ways.
“I do see the signs that It is becoming increasingly fueled, not just by the cash flows of these incredibly successful companies, tech companies, but also by credit and now increasingly off balance sheet liabilities.”