The US stock markets are booming. But why? | Kenneth Rogoff

Buoyed by the AI boom the rally shows no sign of stopping – that’s bizarre, given there is little reason to believe it can lastUS markets close at record highs as enthusiasm for AI drives gainsThere seems to be a bizarre disconnect between the surging US stock market and the sad state of American politics. Winston Churchill supposedly quipped, “Americans always do the right thing, after they have tried everything else.” But in light of the impending rematch between Joe Bi