Luke Gromen: Knowledge value decline could put trillions in consumer debt at risk - Traders Union
Luke Gromen: Knowledge value decline could put trillions in consumer debt at risk - Traders Union
Source: Traders Union
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DW NOTE
Luke Gromen argues the knowledge economy's returns are collapsing — which would turn $17 trillion in US consumer debt from a productive asset claim into a sunk cost. That matters when the 10-year is at 4.68% and households have priced their borrowing on the assumption that wages in AI-exposed sectors will keep climbing.