If AI doesn’t work, it will risk recession, blowing out fiscal deficits into insufficient foreign UST demand. If AI works, it will undermine the U.S. fiscal position (~half of US Federal receipts come from employment), blowing out deficits into insufficient foreign UST demand.
David Sacks
@DavidSacks
11-25
According to today’s WSJ, AI-related investment accounts for half of GDP growth. A reversal would risk recession. We can’t afford to go backwards.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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