"An Additional Use Of Cash": Goldman Finally Counts AI's Off-Balance Sheet Trillions, And $685 Billion Comes Due By 2027

It took Goldman three days.

Last Saturday, we published the latest update of our off-balance sheet tracker, showing that the off-balance sheet time bomb inside AI had hit $4.1 trillion, up $1 trillion in 90 days. On Tuesday morning, Goldman credit strategist Amanda Lynam published a Global Markets Daily titled, appropriately enough, "Framing Off-Balance-Sheet Liabilities in the AI Ecosystem" (available to pro subs), which put Goldman's own numbers on the same pile. We noticed: