circular financing

Economist Jim Rickards predicts AI bubble collapse by April 2026, citing $1.4 trillion in financial entanglements and 80% crash risk. Elite investors repositioning out of tech.

Short-seller Muddy Waters alleges SoFi misreported loan risk and accounting practices. Stock down 50% from 2025 highs; CEO buying aggressively despite denial.

Economist El-Erian warns AI market is a "rational bubble" with dangerous concentration among few companies, risking market correction and broader economic spillover effects.