Dr. Steve Keen
Economist (heterodox macro); active posts on government finance, debt dynamics, macro modeling, and U.S. outlook.
AI Spending Spree Signals Looming Bubble Burst
We have a 5:1 ratio of money being spent versus money coming in. 90% of AI startups are folding. 95% of enterprise AI pilots never make it to production. This is not a tech revolution. This is a bubble. And when it bursts, it will not just hit Silicon Valley. It will hit all of us. Watch the full breakdown here: https://www.youtube.com/watch?v=oSHXPBslXGY AIBubble #JobMarket #FinancialCrisis #MacroEconomics #SteveKeen
Hormuz Closure Could Cut Global Energy, Drop GDP 10%
With Iran tensions flaring, a Strait of Hormuz shutdown could slash 10% of global energy. That means a straight 10% GDP collapse, no ifs or buts.
Energy‑GDP Link Means Hormuz Blockade Threatens Global Economy
Here is what data tells over 50 years of my tracking. Energy and world GDP track perfectly 1:1. Full shock incoming if Hormuz still stays choked. War not only risks global shortages, but exposes the fragility we’ve ignored. More information in the...
US Job Loss Signals End of American Hegemony
Economic signals flashing red: US shed 92k jobs in February (vs +60k forecast), unemployment to 4.4%. Potential NATO withdrawal, Iran no-deal exit imminent. Root issue: Post-WWII dollar supplanting pound inflated currency, favoring finance over manufacturing - 80 years running. Current policies...
Oil Traders Likely Got Iran Strike Tip Before Trump
Did markets know Trump's Iran strike halt 15 minutes before he posted? $580 million in oil bets placed right then. Traders potentially gamed a war risking global famine for profit. Inside trading on a planetary scale? Check out my full breakdown. https://www.youtube.com/watch?v=zrBNfVn8r60 TrumpIran...
Bitcoin’s Energy Drain Threatens Crypto’s Future
Bitcoin’s energy black hole could sink it - and no one’s talking about it enough. Ive long argued that Bitcoin’s proof-of-work relies on insane energy consumption to keep the network secure. That same feature turns into a fatal flaw as...
Energy Shortage Drives Job Loss, Dollar Collapse, Pax End
92,000 jobs lost. Unemployment rising. The dollar cracking at its foundation. Mainstream economists are calling this a surprise. I have been warning about this for years because unlike conventional theory, my models actually include money and energy. Labor without energy is a corpse....
AI's War Simulation Reveals Unexpected Strategic Choices
AI just ran a war, and here is what it decided. Complete Video - https://youtu.be/Awj3dHuCKwg?si=EBFgHJq3rq-jQ5vh
AI Choices Expose Hidden Danger in Ongoing Conflict
3 AI-driven decisions in this conflict reveal something far more dangerous than most analysts are willing to say out loud.
Build Realistic Macro AI Radar for Housing, Debt, Banking
Housing is unaffordable. Private debt is crushing workers. And the TV talking heads explaining all of this are just as lost as the neoclassical economists they quote. For my 73rd birthday, I am running one Macro AI Radar workshop. I will show...
Birthday Giveaway: Unlimited Access for Everyone
On my birthday, I am discounting access to everyone: students, professionals, and experts. You are welcome to avail - https://learn.stevekeen.com/
AI's Life‑Or‑Death Decisions Threaten Uncontrolled Doomsday
We are trusting artificial pattern recognition to make life or death tactical decisions. I had to break down how AI is acting like a doomsday machine and why our lack of control could lead to disastrous consequences. Watch my full analysis....
Decades of Battling Economic Myths that Ignore Real Debt
I turned 73 and have now spent 50 years of my life fighting models that pretend banks and credit don't exist in a capitalist economy. Real people are being crushed by housing costs, by private debt, and by a declining...
Bitcoin's Design Burns Massive Energy, Surpassing Switzerland
I could have bought Bitcoin for less than £10 per coin. I said no. And here is the 3-part case that is now playing out in real time. Bitcoin wastes energy by design. Every transaction requires 10 minutes of computing power to...
Crude Oil Surges 20% Recently, 9% Daily Spike
Crude oil is up 20% in the last few weeks. Oil prices rose 9% in a single day.