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Source document· January 23, 2026

Warren Buffett said America's 'incredible period' was coming to an end. Was he right?

View original at finance.yahoo.com
Warren Buffett said America's 'incredible period' was coming to an end. Was he right? JOHANNES EISELE / Getty Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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  • There will likely be a 10 to 20% drawdown in equity markets sometime in the next 12 to 24 months

    80% confidence
  • Berkshire Hathaway wouldn't be immune to economic downturn

    80% confidence
  • Investors should get used to making less returns

    80% confidence
  • If the Buffett Indicator approaches 200%, investors are 'playing with fire' as stock valuations rise faster than GDP

    80% confidence
  • America's 'incredible period' was coming to an end in 2023

    80% confidence
  • The majority of Berkshire Hathaway's businesses will report lower earnings in 2023 than in 2022

    80% confidence
  • Massive tech companies dominate headlines and investment flows, but other companies are also executing well

    80% confidence

Data points we hold from this source

Toronto Stock Exchange · market performancedouble_digit_growth percent
What we know · the intelligence behind this page
Live from the substrate
What we're seeing
Frontier AI Slowdown Call Splits Industry, Rattles Capex-Sensitive Markets
Anthropic's Dario Amodei publicly called for a coordinated global slowdown in frontier AI development, a stance Microsoft echoed with a 'humanist' AI code of conduct, but Nvidia and Meta's CEOs rejected any coordinated pause days later, exposing a widening rift between safety-focused and growth-focused AI leaders. The dispute landed amid growing financial scrutiny of AI infrastructure spending — a hyperscaler capex analysis, FTC warnings against antitrust waivers for AI firms, and an 8.6% single-day stock drop in GE Vernova tied directly to the slowdown remarks — signaling investors are newly nervous about whether the AI capex boom (including Alphabet's projected $701B revenue narrative) can be justified if the pace of development itself becomes contested.
Our read on the data ›
Signals we're tracking
Satellite-Terrestrial Network Integration Acceleration
Increased investment and launches in hybrid satellite-cellular networks across telecom industry; competitive responses from other carriers; regulatory activity around satellite spectrum; expansion of emergency/rural connectivity use cases
Patterns we're watching ›
Where sources disagree
ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
We flag conflicts openly ›
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