TBPN Citrini Research’s viral piece, AI and the economy, 90s Nostalgia | Diet TBPN
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Feb 24, 2026 A viral Citrini essay and the market sell-off it touched off take center stage. They unpack which stocks and sectors were hit and why. Discussion ranges from AI’s fuzzy GDP impact to which companies could be most exposed. Conversation pivots to 90s and dot-com nostalgia and parallels between past tech booms and today’s AI fears.
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Low Probability AI Fiction Can Move Markets
- Viral doom scenarios shape markets more than measured probabilities.
- John Coogan and Jordy Hayes note Citrini's low-probability AI scenario moved futures and triggered sector sell-offs despite being framed as hypothetical.
Use Fast Fiscal and Liquidity Tools To Prevent Collapse
- Policy tools can blunt acute AI-driven liquidity problems if deployed fast.
- Jordy Hayes and John point to Fed liquidity facilities, repo lines, and fiscal transfers as countermeasures to banking and unemployment shocks.
AI Can Create Ghost GDP Without Broad Demand
- 'Ghost GDP' can inflate official productivity without boosting consumer demand.
- Citrini's scenario: firms replace labor with AI, spend on data centers, GDP rises on paper while household consumption falls.