# Credit Rating Firm Warns Economy Will Be Obliterated

> Egan-Jones predicts AI will destroy the economy by eliminating jobs and professional services.
- Title: Credit Rating Firm Warns Economy Will Be Obliterated
- Summary: Egan-Jones predicts AI will destroy the economy by eliminating jobs and professional services. Credit rating firm Egan-Jones warns AI will obliterate the…
- Keywords: egan-jones, economy, venture capital, professional services, job displacement, science, technology, Credit, Rating, Firm, Warns, Obliterated
- Source: Futurism — https://futurism.com/artificial-intelligence/credit-rating-firm-ai-economy
- Author: Frank Landymore
- Published: 2026-10-04T11:02:00+00:00
- Read time: 1 min
- Topics: egan-jones, ai, economy, venture capital, professional services, job displacement, science, technology
## Egan-Jones Predicts Economic Collapse
Credit rating firm Egan-Jones warns AI will obliterate the economy through job displacement and reduced venture capital returns.

> It’s Over
## AI Disrupts Economic Systems
Egan-Jones states AI has advanced so far that economic collapse is certain, targeting professional services and venture capital returns.

> AI has advanced so far that the complete disruption of the economy is all but certain
## AI Job Displacement Threat
AI automation threatens to upend industries and destroy job categories, with firms using chatbots for advice.

> Advice can come from AI chatbots now, and not just guys in suits
## Venture Capital Impact
Egan-Jones predicts venture firms will lose leverage and see compressed returns as AI reduces capital needs.

> The result is a quiet deflation in the value of money: venture firms lose leverage, and their returns compress
## Professional Services at Risk
Consulting firms face AI-driven layoffs as chatbots replace human expertise in professional services.

> Some consultancies are already culling their ranks in AI-related layoffs
## Key takeaway

Credit rating firm Egan-Jones warns AI will obliterate the economy through job displacement and reduced venture capital returns.