The credit cracks are spreading from empty offices to the AI boom and Bessent says AI won’t get a bailout

We watched office debt go bad and now we’re watching AI rack up debt at a much bigger scale. Bessent saying taxpayers aren’t on the hook makes this a lot more interesting. If the AI numbers don’t work, somebody is going to eat that loss.

Over the last two weeks I’ve been comparing the current market with a healthy market, the dot-com bubble, and 2007.

It’s looking more and more like the dot-com / 2007 GFC. The number of days stocks spend near their 52-week lows now follows the same pattern as it did then.… https://t.co/tvtOMqfelq pic.twitter.com/CDfcC8dp5K

— Data Driven Stocks (@stockdatamarket) September 23, 2026

https://twittercom/kurtsaltrichter/status/2102434762849661170

Scott Bessent just publicly stated that taxpayer money is not going to cover the liability for Anthropic and OpenAI's reckless private credit borrowing.

So now Sam Altman and Dario Amodei are in a tough spot because the Trump administration refuses to bail them out and OpenAI… https://t.co/GLrrO3WwI8

— Financelot (@FinanceLancelot) September 21, 2026

Yikes. Not good.

It’s weird. Lumber is at all time lows while copper is soaring to new highs.

You’d think there’d be some type of correlation there. Housing etc. https://t.co/0x7lQOGcF9

— QE Infinity (@StealthQE4) September 23, 2026

AI is the only thing holding this market up: https://t.co/g0awYdKfcD

— QE Infinity (@StealthQE4) September 23, 2026

I’m sure it’s fine.

BREAKING: 🇺🇸 US 10-year yield just hits 5.05%, its highest level in 19 years.

Last time 10Y yield was this high, the US economy entered a recession and stocks crashed 50%. pic.twitter.com/FkPl8rZnjG

— The Macro Paper (@macropaperr) September 23, 2026