A strategist who called the Asian financial crisis sees parallels with the AI boom A strategist who called the Asian financial crisis sees parallels with the AI boom Disappointing total factor productivity growth reminds Albert Edwards of how Asian contagion started Global strategist Albert Edwards finds a parallel between the mid 1990s and the present day AI boom Three decades after predicting the Asian crisis of 1997, one strategist pinpoints similarities between the financial contagion that spread across Asian economies then and the current AI investment boom that he thinks is a bubble. That strategist is Albert Edwards, who self-identifies as an “uber bear” as a London-based analyst at Societe Generale, and the prompt for drawing the comparison was a research note published by Torsten Slok, chief economist at Apollo Global Management, who pointed out disappointing readings from an economic indicator known as total factor productivity growth. This measures how much output the economy produces from a given quantity of labor and capital.
Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Jules Rimmer is a markets reporter in London. Rimmer spent more than 30 years as a trader and stockbroker, starting at Salomon Brothers in the “Liar's Poker” era, taking in ING Barings, Jefferies and ending it in emerging markets at Investec.
He hung up his headset and pivoted to journalism in 2021. Oil prices are jumping again. How the S&P 500 has performed on days crude has seen big gains may be surprising.
Samsung just did something no tech company has ever done, but investors still aren’t satisfied Rising yields are quietly crashing the stock market’s earlier winners of 2026 After a 33% gain in the first half, this fund manager grew tired of the AI trade. Here’s where he’s looking now. A true ‘nuclear renaissance’ is taking shape, and these stocks could be big winners Intraday Data provided by FACTSET and subject to terms of use.
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