Maintenance in progress

the bank for international settlements flagged that the ai boom is driving a large debt-financed investment surge with sizeable wealth effects but an uncertain productivity payoff, complicating central bank assessments — in the same cycle south korea's finance ministry held an emergency meeting to cap retail leverage on chipmakers after a rout, and the fed approaches a decision described as carrying unprecedented uncertainty. the financial system is levered to a technology whose returns its own institutions admit they cannot measure.

international financial institutions and asian market reporting