AMERICA 2.0 A quick response to @ramahluwalia and @Noahpinion’s posts. First, it’s not “fashionable” to predict the decline of the US. It’s both (a) extremely non-consensus and (b) tragic for everyone that remembers the functional version of an incredible... See more

The "Old Economy" (The Bust): Reality: Outside of AI, traditional cyclical industries are contracting. Investment in industrial equipment, residential housing, and non-residential construction is falling. The Divergence: If you strip out the AI spend, the "real" business cycle looks like a recession. High interest rates are successfully crushing

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