Gerstner asks whether the zero-rate bubble matched 1999 and if it requires four to five years to clear.
“And will it take us the same four or five years that it took in 1999 for the world to work through that entire, backlog?”
Gerstner argues White House is moving fast because delaying tariff resolution risks 2026 midterms with recession.
“But that's why I think that the speaker and the White House are moving at lightning speed. They know this can't drift into the summer or fall, or you run the risk of starting 2026.”
Gerstner says AI will need regulations like seatbelts took forty years, but it's too early now.
“It took us forty years to realize we needed seat belts and airbags and that we needed speed limits and things like that and we'll need all those things for AI but I think it's way too early to be doing that”
Gerstner says Invest America accounts will be automatically created at birth starting July 4, 2026.
“starting on July fourth of next year, Bill, as close to automatic account creation as possible.”