Ernest Hemingway famously declared in his 1935 book Green Hills of Africa that “All modern American literature comes from one book by Mark Twain called Huckleberry Finn. There was nothing before. There has been nothing as good since.”
The problem is the AI bubble, without it it is speculated that the US economy might actually be in a recession [2] - effectively, that web of investments, deals, ownerships, purchase contracts and god knows what is nothing more than wash trading that will come crashing down hard.
That is why for the 99%, the economy doesn't "feel" like 4.3% of growth. If you're not in AI directly or at least adjacent (e.g. datacenter or utility construction), you don't feel any of that money.
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