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Today's Pick

When Capex Booms Turn Into Busts: Lessons From History

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Our Global Investment strategists see the AI boom tracking historical capex bubbles and expect it to peak within the next 6 to 12 months. Drawing lessons from the railway, electrification, internet, and oil booms, they warn that investment manias tend to…

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