The whole country is dying, because capex on data centres produces extremely low income to asset spend, the owners are going bankrupt. Discretionary continues to dump… here are some 52wk drawdowns…

That is usually an early sign of a recession. This time, the haves including rich Maga 7 and wealthy Americans who make too much from stocks are spending so much that a recession is being avoided for now.

FACTS:

The Economy is weaker than at the onset of the worst Recessions in the last 120 years.

The Stock Market Bubble is bigger – than at any of these onsets.

And the Debt levels are higher than at any of the onsets.

1929–33 – Great Depression
2007–09 – Global Financial Crisis
1920–21 – Depression of 1920–21
1937–38 – Recession of 1937–38
1907–08 – Panic of 1907

All of them!

Now – tell me how we will not have a severe Recession and that AI will change the Economy.

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