“The interconnectedness of the financial system and interplay of vulnerabilities could mean the speed of a correction could be much faster than previous banking crisis episodes.”
The Bank for International Settlements is the central bank of central banks. When it says debt-fueled spending on AI data centers smells like 2008, that is not a blogger talking his book. The money now flows through hedge funds and private credit, where the leverage hides and nobody regulates. The watchdog is telling you the bubble can pop faster than anything before it.