A Thought Exercise in Financial History, from the Future.

What if our AI bullishness continues to be right...and what if that’s actually bearish?

What follows is a scenario, not a prediction. This isn’t bear porn or AI doomer fan-fiction. The sole intent of this piece is modeling a scenario that’s been relatively underexplored. Our friend Alap Shah posed the question, and together we brainstormed the answer. We wrote this part, and he’s written two others you can find here.

Hopefully, reading this leaves you more prepared for potential left tail risks as AI makes the economy increasingly weird.

This is the CitriniResearch Macro Memo from June 2028, detailing the progression and fallout of the Global Intelligence Crisis.

A Thought Exercise in Financial History, from the Future.

What if our AI bullishness continues to be right...and what if that’s actually bearish?

What follows is a scenario, not a prediction. This isn’t bear porn or AI doomer fan-fiction. The sole intent of this piece is modeling a scenario that’s been relatively underexplored. Our friend Alap Shah posed the question, and together we brainstormed the answer. We wrote this part, and he’s written two others you can find here.

Hopefully, reading this leaves you more prepared for potential left tail risks as AI makes the economy increasingly weird.

This is the CitriniResearch Macro Memo from June 2028, detailing the progression and fallout of the Global Intelligence Crisis.