Former Obama and Biden economic adviser Mike Pyle is raising a concern that wealth advisors and RIAs cannot afford to ignore: the pace of AI-driven disruption may outstrip the economy’s ability to adapt. Speaking recently, the BlackRock executive emphasized that the real risk is not simply the scale of AI’s impact on employment, but the speed at which workforce displacement is unfolding across industries.
In a recent interview, Shiller said rich valuations don’t necessarily mean it’s time to dump stocks. After all, zero rates overrule everything else.
