Infographic: Will markets crash?

Posted on July 20 2026

I wrote a blog on why we might have a crash on Saturday. This is an infographic James produced based on it.

He and our intern, Sam, had read the comment this morning about a lack of graphics in my latest attempts.

Thoughts? Handwritten style has been dropped here for clarity.

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

Comments

When commenting, please take note of this blog's comment policy, which is available here. Contravening this policy will result in comments being deleted before or after initial publication at the editor's sole discretion and without explanation being required or offered.

4 Responses

Pilgrim Slight Return says:

July 20 2026 at 4:03 pm

Hard to argue with this to be honest – very effective.
Mike Parr says:

July 20 2026 at 4:23 pm

Linkages. A.I. depends on data centres and the high performance processors that provide the erm.. processing power.The production of processors depend on inputs such as… helium (blocked by the US attack on Iran). Many most of the high end processors are made in Taiwan, China is testing a blockage – right now. Lots of data centres in Ireland (25% of elec to data centres) – what happens if there is a hard winter? keeping people warm or data centres going? (do data centres vote in elections?) On and on it goes.High levels of fragility built into what passes for “western civilisation” (“good in theory”). A.I. stock is overvalued – that on its own is unlikely to cause a crash. My money is on China – Taiwan – as tRUMP throws F-35s & F-16s at winning against Iran, just means less available elsewhere. etc etc.
Paul Kompfner says:

July 23 2026 at 2:17 pm

Hi, Robert Reich has posted a strong warning on his Substack blog today:

https://robertreich.substack.com/p/the-crash-of-2026

The view from someone closely watching the AI bubble from inside the USA…
- Richard Murphy says:
  
  July 23 2026 at 2:35 pm
  
  I agree with him. I have already recorded a video on the topic.