> Why is anything going to be catastrophic?

Many believe, including myself, that the market is currently propped by a massive AI bubble. Nearly a US $1 trillion is being spent this year, and more is planned for next year. All of this is for a "build up". There is no pay out. The major AI companies are taking in massive losses in the hopes that they will eventually be able to cash out.

The math is not looking good to me. The effect will be like the dotcom bubble. But much much bigger. Because the numbers are so much bigger.