AI Euphoria, Sports Betting Economics, and Japan’s Fiscal Crossroads

Northern Trust’s Weekly Economic Commentary examines three major themes shaping global markets and policy.

• Markets & AI: Today’s tech rally echoes the late 1990s, but stronger earnings quality and broader investor participation differentiate it from the Dot-Com bubble.

• Economics of Betting: Legal sports wagering boosts tax revenue and transparency, but brings behavioural and financial risks policymakers must manage.

• Japan’s Policy Pivot: PM Takaichi’s stimulus agenda revives Abenomics-style expansion, but faces constraints from record-high public debt and political resistance.

Explore the full commentary for deeper context on these structural shifts and their investment implications.