Once again, we are ending a quarter that looks remarkably different from how it started. This past quarter has been dominated by three major thematic events: 1) speculation about AI’s impact on computer software and SaaS companies in particular; 2) yet another war in the Middle East; and 3) fears that dislocation in some parts of the private credit market could prove to be a systemic threat to the broader financial system. In this Economics Weekly, Richard de Chazal reviews these themes and contemplates where we go from here.
