Insights from the Tom Bilyeu episode “It's Not AI Taking the Jobs — It's Something Much Worse”, published July 16, 2026.
The stock market has decoupled from the real economy, functioning as a speculative vehicle rather than a barometer of health. We are currently trapped in a depressionary cycle characterized by a lack of real income growth and persistent demand for safety, despite record-high equity valuations.
Topics: macroeconomics, investing, eurodollar, depression economics, monetary policy
