Do you see a specific part of the economy that has a clear growth potetial? Prior to AI there was green energy and EVs but Trump kneecapped that. Tech has been shedding people for a while and transformed into AI. I'm curious if I'm missing something obvious that wouild grow if given the capital.
BTW I think AI is not only sucking out the oxygen in terms of capital. It's also depriving the rest of the economy of certainty and predictability (confidence). Employees are wondering whether AI would lay them off. Employers are wondering how many people they'd be able to lay off. Both classes are waiting on the ambiguity to be resolved by AI as that would have significant implications on their spending plans. Until then, I think they're likely underspending due to that uncertainty. That's of course without considering all the other uncertainty. 😅