Citrini's AI doom report sees software, payment stocks tumble
Citrini said the term “Ghost GDP” could emerge from AI agents taking over aspects of the economy, referring to output shown in national data but not circulating in the “real economy.”
A new report by Citrini Research has been partially blamed for a software and payments stock sell-off on Monday, where it outlined extreme scenarios in which AI could severely disrupt the economy, from wiping out a sizable share of the workforce and slashing consumer spending to threatening the $13 trillion US mortgage market.
Citrini was little-known up until Monday, when its “Global Intelligence Crisis” report amassed over 22 million views on X alone and discussed how AI agents could drive corporate profits so high that human labor could become increasingly redundant and trigger a recession.
The report lays out a chilling June 2028 scenario, in which the Standard & Poor's 500 is down 38% from its all-time high, unemployment is over 10%, private credit is unraveling and prime mortgages are cracking — all while AI didn’t disappoint, exceeding every expectation.
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