Eric Wallerstein Warns Bond Market Could Do Damage Before AI Does After Worst Day for European Bonds in Over a...

"You're worried about AI killing us. The bond market is going to get us first," Eric Wallerstein () says.
Thursday was one of the worst days for European bonds in over a decade, and credit spreads jumped 60-70 basis points in 48 hours, he says.
Wallerstein's conclusion: if AI keeps pushing rates beyond what the broader economy can handle, the real damage lands on the much larger "non-AI economy."