Deficit spending is bad in the long term. It's good in the short term. Or continued AI and continued AI cap ex spending. Those are the reasons for a positive. Other option is recession. Over 50% of Americans have been economically damaged by high rates of inflation over the last five years. A weakening labor market and rising unemployment. AI displaces a greater amount of the workforce. Risk of a sizable correction in the equity markets. Rising credit defaults in business and consumers. (00:37–00:44)
CLAIM
Asserts that more than half of Americans have suffered economically due to inflation in the past five years.
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