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Political Discussion
Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because Wall Street is a measure of corporate profits, not "the economy"[/quote] How are corporate profits still up when so many people are struggling? Are people putting everything on credit?[/quote] The stock market boom is not about overall corporate profit growth. It's about profit growth at a few AI companies and then expectations of growth in some other as a result of AI. Almost all of the growth is coming from AI-linked stocks. If you look at a consumer staples ETF (e.g. VDC), it's basically flat YTD and down YoY. AI investment spending is now 4% of GDP and accounts for 92% of GDP growth so far this year. The AI-linked companies that are turning huge profit (e.g. NVIDIA) because they are selling the hardware for the investment. If AI turns out to be a bubble, the pop is really going to hurt.[/quote]
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