Justin Wolfers Warns Of 'Two Economies:' 'We're On The Cusp Of A Non-AI Recession' - First Trust DJ Internet Index Fund (ARCA:FDN), Fidelity MSCI Information Technology Index ETF (ARCA:FTEC)

Economist Justin Wolfers issued a stark warning in a recent CNN appearance, arguing that the U.S. is effectively operating as “two economies” where a massive Artificial Intelligence boom is concealing significant weakness in all other sectors.Is an ‘AI Mirage’ Masking Economic Trouble?He stated that without the surge in AI-related investment, the country is “on the cusp of a non-AI recession.”“The economic data right now don’t look too bad,” Wolfers acknowledged, but he cautioned that this top-line view is ...