Episode
Liz Ann Sonders: This is how the AI bubble bursts
- Podcast
- Full Signal
- Published
- Jun 10, 2026
- Duration seconds
- 2389
- Processing state
not_requested- Canonical source
- https://podcasters.spotify.com/pod/show/philrosen/episodes/Liz-Ann-Sonders-This-is-how-the-AI-bubble-bursts-e3kiig6
Actions
POST https://stenobird.com/v1/public/podcasts/full-signal-7568617/episodes/liz-ann-sonders-this-is-how-the-ai-bubble-bursts/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/full-signal-7568617/liz-ann-sonders-this-is-how-the-ai-bubble-bursts.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Liz Ann Sonders is the chief investment strategist at Charles Schwab, where she shapes the firm's market and economic outlook for millions of investors. A widely cited voice on Wall Street for decades, she joins Phil Rosen on Full Signal to discuss the AI earnings boom, the inflation-vs-deflation debate, bubble signals, and why AI supply constraints could matter more than demand. TIMESTAMPS: 0:00 - AI circular financing 2:36 - Tech stocks getting cheaper 4:21 - Inflation changing valuations 5:02 - Iran and rising inflation 7:12 - AI both inflationary & deflationary 7:44 - Expectations bubble 11:57 - Market leadership 14:43 - Compute and energy 19:05 - AI and labor market 23:13 - What makes a bubble? 25:46 - Complacency and gambling 31:36 - Sentiment vs. hard data 38:44 - How we'll be wrong on AI