ET Conversations | Michael Spence: AI Debt Bubble, US Recession, India-China Gap

Nobel laureate Michael Spence, who won the 2001 Nobel Prize for his work on signalling, tells ET’s executive editor Sruthijith KK he sees a pretty big shock ahead. He explains why debt-funded AI investment, elevated valuations and concentrated stock indices could trigger chaos in the financial system, and why a US recession could spread globally. He also covers rising US interest rates, a stronger dollar and the pressure on emerging economies. Plus: India's growth story, China's slowdown, AI and jobs, and life in a permacrisis world. Watch to know what worries one of the world's most respected economists, and what doesn't.