RE: LeoThread 2025-11-07 02-39

[clsamg]

The largest US companies want more computers, so the US government will approve that — very simple logic

Comments

[clsamg]

Consider: OpenAI is requesting a federal backstop for AI capex, which is likely to be granted given the national-security importance of the AI race, yet concluding this is bearish for AI investments seems contradictory

[clsamg]

This echoes the meme about someone who complains the government is propping up markets to drive them higher, then shorts that thesis
The world is shifting toward economic nationalism. This includes:

[clsamg]

1. Stock markets shifting from impartial price discovery into engines for distributing prosperity
2. Financial repression of the banking sector to achieve policy goals like lower long-term interest rates

[clsamg]

1. Industrial policy that backs winners and builds national champions
2. Weaponization of assets, such as proposed seizure of Russian assets held in Euroclear

[clsamg]

These policies will have immense consequences over time. Assessments that set aside ideology or fairness reflect the situation as it is. For now, substantial capital is available and pullbacks have tended to be treated as buying opportunities