, Columnist
American Exceptionalism Resides in AI, Not Pink Houses
High prices may lead to a lost generation of homebuyers. Meanwhile, the future of artificial intelligence still has a long way to run.
More need to come to market.
Photographer: Steven E. Frischling/Bloomberg
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Stock markets have had another bad day. With equity investors taking losses, that should in theory encourage them to buy bonds when they’re cheap, but that doesn’t yet seem to tempt them. The move in the long-dated Treasury market grows steadily tighter.