The Phantom Debt Trap: How $1.2 Trillion in Hidden Consumer Debt Triggered Thursday's Market Crash - Nasdaq (NASDAQ:NDAQ), iShares S&P 500 Index Fund (ARCA:IVV)

Not that AI is overvalued, but that the entire system supporting AI valuations is built on borrowed money, borrowed time, and borrowers who are running out of both…Luis Flavio NunesWhen margin debt surges 45% while consumer sentiment plummets to near-record lows, history says a crash follows. Thursday, it started. Nvidia beat earnings by billions, but the market didn’t care, because investors grasped that the two pillars holding up the AI boom, Wall Street leverage and Main Street spending, are collapsing i ...