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Global stock markets are all rising, with the US stock market reaching new highs, as well as Japan, South Korea, Germany, the UK, and India. Although the Shanghai Composite is not at an all-time high, it is close to a 20-year peak.
Is it that the global economy is doing exceptionally well? Or has AI driven the global economy?
I have some doubts about both points. My intuition is that the economy shouldn't be this good; the impact of the pandemic is still present. Although AI is very powerful, it hasn't brought about such a significant transformation in human productivity.