I disagree with this view—historically, every bubble cleanup has never been the result of rational calculation. Markets are not omniscient, rational actors; fear, uncertainty, doubt, and FOMO are the true forces driving market behavior. The perceived explainability of financial markets is merely hindsight bias—selecting and editing from the full set of facts to express individual will or collective consensus. My view is that the AI bubble’s burst marks the end of technological optimism and Pax Americana; humanity will enter an era of massive collapse, and an eternal bear market will begin. Clear signals are already here 📶