Bloomberg Surveillance · Tuesday, September 15, 2026
George Noble predicted a significant collapse in the AI sector and a continued attack on the bond market. He argued that the AI complex lacks economic justification and cash flow, making it unsustainable. He also reiterated his view that the Fed's actions in the bond market are an attempt to prop up an unjustified price, which will ultimately fail.
“And so I think the market's going to continue to attack the bonds. I think yields are going to continue to go up. I also think the market's going to attack AI, and I expect the whole edifice to collapse.”
“Why don't you like AI? I said, show me the cash flows. You can't.”