On the one hand, the US is having a massive AI buildout. On the other hand, the world is falling into a Chinese-led Great Depression.
Can the US outpace the global depression?
Can we borrow our way to success?
Will this be a longer term fall from grace for China?
Will the US reindustrialize?
We are buying our national debt to keep interest rates down on the long end of the curve.
Ever the bear, I see a depression ahead; I hope it is only for two years.