Ed Elson

Well, before we move on here, I'd love for you to really genuinely and passionately read the info about our special discount on the voxmedia.com website.

You can feel the excitement.

It's palpable.

Okay, let's move on.

A blog post about AI from Citrini Research stirred up some market chaos last week.

After it dropped, the Dow fell as much as 2% and software stocks fell 5%.

We've seen markets react to AI commentary before, but this time there was a twist.

This piece wasn't really an analysis.

This piece was actually fiction.

titled The 2028 Global Intelligence Crisis.

The blog imagines a scenario where AI drives unemployment to 10%, where consumer spending collapses, where markets plunge, and the entire economy is fundamentally reshaped.

So Scott, we discussed this a little bit with Josh Brown during the week last week.

He had some interesting thoughts.

We also got a lot of feedback from our audience.

A lot of people are very shaken by this article.

Again, it doesn't really tell us anything we didn't already know, but it does imagine a potential scenario where AI is so powerful, it's so productive, that actually it just completely rewrites the script of our economy and actually puts the S&P, puts all markets into the red.

and takes the consumer economy down with it.

So let's just start with your initial reaction to the Citrini Research article, the blog post, and also how the markets reacted.

All those companies you mentioned, they got really hit hard after this article came out.

Some other names that have gotten really hit hard, again, because of this AI narrative, Visa, MasterCard, American Express,