Executive Summary:
Sunshine during my tour of the West Coast and in the stock market last week. But everyone's on the lookout for signs of an AI bubble. Jeff Bezos has a positive take on bubbles that makes sense to us: They accelerate funding and hasten AI’s tremendous benefits. Revisiting the BRAIN Revolution and our long-standing confidence in technology and its positive impact on the economy. ... Also: Pandemics, tangled supply chains, and tariffs are no match for the resilient US economy in the Roaring 2020s. … And: The labor market is weak, but productivity is strong. … Check out the accompanying chart collection.
Roaring 2020s Tour: Westward Ho!
Taylor Swift had her “The Eras Tour.” I have my “Roaring 2020s Tour.” Two weeks ago, I visited our accounts in Austin and Houston. This past week, I did the same in Newport Beach, Los Angeles, and San Francisco, where I also spoke at a conference hosted by our friends at Main Management. My West Coast tour ended last Thursday in Vancouver, where I
