Comment by docmechanic

'In Brunnermeier's telling, AI is so much better at processing information than humans that it will soon have the advantage of knowing with near certainty what central bankers will do even before those policymakers know it themselves, and can therefore devise trading and other strategies to circumvent those actions and turn a profit -- legally or otherwise.'

If folks think the capital markets are a crap shoot now, wait until they see the knock on emergent effects of bands of AI agents teaming up to rig them.