Right, so everyone’s flapping about AI, aren’t they? Not just the tech bros, but actual, sensible investors. It’s moved beyond “will it affect a few stocks?” to “will it actively dismantle the entire economy?”. I mean, the drama. It’s exhausting, frankly. And yet, undeniably, interesting.
IBM took a proper kicking on Monday, didn’t they? Thirteen percent down because some start-up, Anthropic – sounds like a villain from a sci-fi film, doesn’t it? – figured out how to make their COBOL code, which is basically digital ancient history, a little less… medieval. Honestly, it’s like finding out your grandmother can suddenly code. Unexpected, and a bit terrifying.
But that was just a blip. Now it’s bigger. A proper, full-blown existential crisis for the markets. I stumbled across a report over the weekend from Citrini Research – a name that sounds suspiciously like a fancy Italian lemon – titled “The 2028 Global Intelligence Crisis”. Dramatic, I know. Apparently, in two years, we’re all going to be unemployed, broke, and wandering the streets muttering about algorithms. The usual.
It’s the domino effect, see. AI gets cleverer, companies realize they need fewer people, people lose their jobs, people stop spending money…and then, well, it all just collapses. It’s a bit like a really bad date. Starts promising, then swiftly descends into a disaster zone. The report paints a lovely picture of “Ghost GDP” – economic activity that exists on paper but doesn’t actually, you know, benefit anyone. Like a phantom limb. Unsettling.
The whole thing was all anyone was talking about on Monday. Which, let’s be honest, is always a sign to be cautious. The S&P 500 took a little tumble. A perfectly reasonable reaction, I thought. Although, knowing the market, it’ll probably be up 2% tomorrow for absolutely no reason.
Is This Doom-Mongering, or Actually a Warning?
Look, I’m not saying Citrini are definitely right. Economists are already poking holes in their theory. Some are saying Say’s Law will kick in – apparently, more supply will magically create demand. Sounds a bit optimistic, doesn’t it? Others reckon AI will actually create jobs. Which, frankly, feels like whistling past the graveyard.
I’ve learned, after years of watching this market, to take these apocalyptic predictions with a very large pinch of salt. It’s all noise, designed to make someone, somewhere, a quick buck. But it is a reminder that things are changing. Fast. And ignoring that would be… unwise.
My strategy? Boring, I know. Long-term buy and hold. Find the companies that are actually using AI to improve things, not just to fire people. The ones that see it as a tool to empower their employees, not replace them. It’s a bit like finding a decent plumber. Reliable, trustworthy, and worth every penny. And, honestly, probably a safer bet than trying to time the market.
Because, let’s face it, we’re all just winging it, aren’t we?
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2026-03-02 00:02