'Ghost GDP' Is An Oxymoron

2026-03-02 10:49:38 ET

It was striking to see software stocks plunging last Monday on a report from a little-known research firm. To be fair, they do say it is a scenario and not a prediction. Even for a scenario, though, it seems to sidestep fundamental macroeconomic principles. This has already been pointed out by others like Citadel. So, instead of writing a rebuttal, we will share an alternative scenario and a few indicators worth watching regarding the potential disruption from AI. We agree that artificial intelligence will bring significant disruption, but in our view the macroeconomic impact will be very different....

Read the full article on Seeking Alpha

For further details see: