The Great Illusion: Why Comparing the 2026 AI Boom to the 1999 Dot-Com Bubble is Financial Illiteracy. The real engine behind today’s valuations isn’t dot-com hype—it’s a debased dollar, a 10x explosion in base money, and the invisible force of shadow banking.
https://sylvainsaurel.substack.com/p/the-great-illusion-why-comparing
Posted by sylsau
2 Comments
**Stop comparing the 2026 AI boom to the 1999 dot-com bubble. It’s absolutely moronic. 🛑**
Here is the real math:
📉 **1999 Fed Balance Sheet:** ~$600 Billion
📈 **2026 Fed Balance Sheet:** $6.5+ Trillion
That’s a **10x explosion** in base money. When a currency gets debased and trillions of dollars are pumped into the shadow banking system, asset prices don’t just magically rise because of hype—they rise automatically to adjust to a weaker dollar. 💸
It’s not 1999 retail euphoria. It’s a structurally devalued currency meeting a real technological revolution.
**Stop fighting the monetary tide. 🌊**
I mean you can take it back all the way to 1972
Also “Every time the stock market hits a new all-time high, driven by the relentless, paradigm-shifting advancements of artificial intelligence, a chorus of financial pundits and self-proclaimed historical experts comes crawling out of the woodwork.”
Rarely do I stop reading after the first sentence. Well done