The AI Hangover Is Coming. The Pandemic Already Showed Us How It Ends. – Ep 305

Katsenelson warns AI infrastructure spending mirrors pandemic-era overbuilding (Peloton, spirits, luxury goods) and could end similarly badly.

• Pandemic as template: Katsenelson argues the 2020-21 pandemic boom-bust is a closer analogy for AI overbuilding than the 1999 dot-com bubble or 2008 crisis.
• Peloton's cautionary arc: Peloton spent $100M on air freight, bought Precor for $420M, built a $400M Ohio factory—then demand dried up and stock fell from $160 to single digits.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.