How to make $35 trillion ... disappear

You may be familiar with the AI-fueled stock market boom. Well, former International Monetary Fund Chief Economist Gita Gopinath warns it could mirror the dot-com boom of the late 1990s. But worse. She calculates a similar crash could erase <a href="https://www.economist.com/by-invitation/2025/10/15/gita-gopinath-on-the-crash-that-could-torch-35trn-of-wealth" target="_blank">$35 trillion in global wealth</a>. Today on the show, what would that mean for the US and global economies? <br /><br /><strong>Related episodes: </strong><br /><a href="https://www.npr.org/2025/11/06/nx-s1-5600041/this-indicator-hasnt-flashed-this-red-since-the-dot-com-bubble" target="_blank">This indicator hasn’t flashed this red since the dot-com bubble</a> <br /><a href="https://www.npr.org/2025/10/16/nx-s1-5575729/openais-deals-are-looking-a-little-frothy" target="_blank">Open AI’s deals are looking a little frothy</a><br /><br />For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at <a href="http://plus.npr.org/" target="_blank">plus.npr.org</a>. Fact-checking by <a href="https://www.npr.org/people/1268825622/sierra-juarez" target="_blank">Sierra Juarez</a>. Music by <a href="https://dropelectric.bandcamp.com/" target="_blank">Drop Electric</a>. Find us: <a href="https://www.tiktok.com/@planetmoney" target="_blank">TikTok</a>, <a href="https://www.instagram.com/planetmoney/" target="_blank">Instagram</a>, <a href="https://www.facebook.com/planetmoney" target="_blank">Facebook</a>, <a href="https://www.npr.org/newsletter/money" target="_blank">Newsletter</a>. <br /><br />See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br /><br /><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>