Just like cancer, not all growth is a good thing. We have lost sight of that, despite prescient examples such as inflation (not good), war budgets (not good), Canadian food bank scaling (not good due to record monthly demand by 2 million Canadians now), housing resale available inventories (buyers pricing in a ‘correction’), etc.

Out of control growth in the technology sector, precariously concentrated with legendary risk-factors and circular accounting, akin to securities fraud, is just like that cancer – and the patients and doctors alike are cheering it on! Notice the black marks, the coughing up blood, and most importantly the fact that the resounding response to AI solutions for an enterprise’s customers (who pay the bills) is vomit. Nobody likes to be pawned off from an offshore virtual assistant who knows nothing about your business or good customer service, onto an inhuman chatbot that also does not understand simple requests in any language. Stop selling us this slop for ‘efficiency’s sake’, as the customers absolutely hate it. Even Human chats take 30 minutes on a webpage widget, when a Human phone call would take 15 minutes, including time on hold waiting in a queue! What gives with the performance metrics, for anybody who actually cares about customer relationships?

I don’t get it.

So if we reframe the AI ‘revolution’ in terms of an exponential growth industry (yes, an industrial revolution of brick-and-mortar construction, resource abuse, political intervention, monopolistic push and pull, and pollution), which real people abhor en masse, we should call this market cohort by a more appropriate name: The Malignant Seven. But they sell themselves, literally, as The Seven Stars, a biblical gift to the world from The Book of Revelations. The cult religion of Machine Learning has got to come back to ground before it’s too late. The AI sector is a few bad deals (already made, by the way) away from bringing down the S&P500, Nasdaq, the Dow Jones, and the US currency/bonds with it.

It’s too much irrational exuberance concentrated in one place, which is ironically where and how cancer metastasizes in an organic, living entity.

No one industry of incestual financial and ideological relationships and dependencies should amount to such a large piece of the capitalization pie, especially on the verge of a private credit market crisis. We are not in the zero-interest-rate days that traditionally built the major technology pushes to new plateaus and collective ‘benefits’. Real rates and available capital at those rates, in this industry may be approaching 10% for unsecured loans. And so it should be, or higher. And let’s demand some collateral for a change.

Risk, not liquidity, is the story of 2026, and whatever is to come, mark my words. Sure, there are plenty of reserves in the coffers of banks, mortgage investment corporations, and gold vaults to weather the coming storm, based on realistic risk-actuarial calculations. This is admitted, and meant to shore up confidence in the markets, but saying you have built a great Noah’s Ark is actually not a good omen, is it?

Initial Public Offerings this year will pass the super-hot potatoes down to investors and funds whose ultimate consumers are the uneducated retail investors, who are real Human beings who need to feed their families. Main Street cannot afford a correction, let alone a crash, in this already inflation and supply-chain stressed set of circumstances. A perfect storm with a couple of black swan events will bode well for those Ark builders and Billionaires with their giant underground Australian and New Zealand bunkers, err, sorry, ‘vacation homes’.

For the average consumer, doomsday is not some philosophical prediction, but merely a cursory glance at any ‘middle-class’ (what’s left of it) balance sheet and statement of cash flows for this month.

The banks only tolerate USD$17T (or in Canada $2T) of consumer credit card debt because it is driving exponential interest at 23% and potential losses from defaults are insured. They only sleep at night about the bourgeoning mortgage default rates because it affords them consolidation of power from the dwindling middle-class (and again, insurance derivatives). This catastrophe plays right into the sea-change from individual property ownership toward an eternal future of subscription-based corporate housing shored up by Universal Basic Income, bail-outs, and the lesser-known ‘bail-ins’, which already have historical and structural precedence.

Let’s get ready for a wild ride, as the narratives are sold to us as ‘good for us’. “You’ll own nothing, and you’ll be happy.” as the World Economic Forum likes to tell us.

For blatant example, the Canadian Government has proudly announced that they need a significant drop in the housing market. Homeowners beware, they don’t have your back when their stated incentives oppose the well-being of your family and your hard-earned assets.

Yeah, it’s like that.

So my advice is get into the cancer business. It’s going to boom along with the elder-care property and management infrastructure sector to house and nurse the Boomers, as they lose their last legs, and their faculties.

Maybe it’s a good thing that they won’t live to see the truly disastrous fruits of their labours and ignorance, as the next generations suffer to pay monthly food and energy bills, cannot purchase even a small home, and have nothing to invest for their futures. Ohh, and no jobs to be found. Because AI is more important than those obsolete ideas, like feeding children.

At least Artificial Intelligence will keep us entertained by fake news and social division, in between curse words leveled at customer chatbots and autonomous robots we are not allowed to punch in the face, because they have been granted Human Rights, just as Corporations have today, without Human Responsibility for their actions, failures, and outright crimes against Humanity.

Bring it on, because I am for one, ready and aligned, with some solutions and hedges against the ‘Golden Age’ of our AI Future.

The Malignant Seven and others on their coat-tails of revenue ‘generation’ and hype are indeed growing like never before.

Yet national GDP growth falls way behind market expansion, sovereign debt, private debt, inflation, promotion of illegal wars, and every other wonderful metric. Which metrics should we believe, and which should we reject as commercial advertising?

“Your health is in great shape – except, ohh, you have a bit of a lot of cancer.” - Your doctor or any honest financial advisor.

– Chris :)