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| That is a lazy article. But it is lazy on purpose because it is trying (and succeeding) to manipulate.
When GDP is fueled by government deficit spending growth, it is like a short term caffiene shot. The Soviets gave it a valiant effort. Works until it doesnt.
The advent of AI is taking a huge weight off. Efficiency gains coming in waves and will continue for many years it looks like. The infrastructure build out for this has to happen now regardless of policy. So it is happening roght now. Missed the ethanol boom? Here is a boom. Maybe the stock prices have pulled forward all future growth. Maybe its a valuation bubble. Fine, you can learn how to monetize AI useage to make your business more efficient, whatever trade you are in and you dont have to own NVDA to do it. It is happening all around you. Whether you participate or not is your call and unique to your situation, but it is fueling actual growth in this exact data set.
Sometimes politics take a back seat to tech. The next decade is one of those times. We get a worse leader in next election, the machine probably grows regardless. That make sense? Now let's hope our efficiency gains kick that deficit can down the road long enough. | |
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Why do pessimistic pundits keep getting Trump’s economy so wrong?
