AI, Leverage out the Wazoo, Sky-High Asset Prices, Private Credit, Interconnectedness, and Government Debt Pose Risks to Global Financial System

The Financial Stability Board (FSB), an international organization that among other things sends reports to the G20 Finance Ministers and Central Bank Governors, sent a stark warning to the G20 today, ahead of its two-day meeting about the risks that have built up in the global financial system, and this time, AI, leverage out the wazoo...