Hello, Free Lunch readers. I’m Tej Parikh, the FT’s economics leader writer, and I am standing in for Martin Sandbu this week. In the same vein as my last piece — where I took on the “hot US economy” — I play contrarian again, this time with artificial intelligence.
“Narratives are a major vector of rapid change in culture, in zeitgeist, and in economic behaviour,” wrote Nobel laureate Robert Shiller in his 2019 book Narrative Economics.
Today’s dominant economic and market narrative is the transformative potential of AI. Although US interest rates have risen to their highest in two decades, and economic momentum is easing, the S&P 500 has been pushing higher, driven in part by the frenzy for AI-linked stocks.
您已閱讀5%（718字），剩餘95%（12362字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。