America’s AI Boom Is Squeezing Main Street | Weekly Roundup

U.S. growth and markets now hinge almost entirely on AI hyperscaler capex while housing, Main Street, and Europe deteriorate structurally.

• Term premium isn't the driver: Aidan Garrib's ACM model shows 10-year yields rising because markets price a higher Fed terminal rate, not fiscal fear or inflation expectations (steady near 2.4%).
• AI is the entire economy: Hyperscaler AI capex grew over 90% YoY and is nearly the sole driver of ~6.6% nominal GDP; forecast to decelerate to 30-35% in 2026.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.