Asset Bubbles and Financial Sector Risks

How a stock market collapse can lead to a slump
https://www.reuters.com/commentary/breakingviews/how-stock-market-collapse-can-lead-slump-2025-10-23

Why Bubbles Can Keep Inflating in Plain Sight
https://www.wsj.com/finance/stocks/why-bubbles-can-keep-inflating-in-plain-sight-a4af6aef
Bulls hope incessant bubble talk is a contrarian signal to buy AI stocks. It isn’t.