Echoes of the 1840s: The BIS Warns of a $1 Trillion AI Investment Mirage and the Risk of Global Recession
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June 30, 2026
The history of capitalism is a graveyard of "genuine breakthroughs." In the 1830s, it was the canal mania that promised to stitch together the industrial world. In the 1840s, it was the British railway bubble, where thousands of miles of track…
