POPA Recon"AI's rate-insensitive boom is triggering "Dutch disease" in the US economy by draining capital, power and labor from vulnerable sectors…
"AI's rate-insensitive boom is triggering "Dutch disease" in the US economy by draining capital, power and labor from vulnerable sectors like housing and autos. Trapped between inflation driven by the AI boom and weakness in rate-sensitive industries, the Fed will have to keep interest rates higher for longer." https://www.apollo.com/wealth/insights-news/insights/daily-spark#page-1
The excerpt is quoted from a public Telegram channel, which owns its text.