Skanda Amarnath on Why Inflation Stays Stuck Near 3%
AI capex makes up nearly 8% of GDP while three supply shocks keep inflation at 3%. Here is what Skanda Amarnath sees ahead.
The Macro Implications of the Blue Tsunami
Following the historic midterm sweep where Democrats captured Congress and key statehouses, Joe Weisenthal and Tracy Alloway discuss the economic and political aftermath with Employ America's Skanda Amarnath. They analyze how divided government affects the Federal Reserve, the shifting dynamics of AI and data center construction, tech billionaire political spending, and the persistent inflation pressures facing markets.
Key takeaways
- AI-sensitive capital spending now approaches nearly 8% of US GDP, creating an all-or-nothing vulnerability across the broader economy. Read more →
- Tesla stock dropped 10% and SpaceX dropped between 7% and 7.5% after Democrats captured Congress and statehouses in the midterm sweep. Read more →
- Delaware Chancery Court rulings drove founders to re-incorporate in Texas, betting on the state's newly created business courts. Read more →
3 articles from this episode
Tech Political Giving Is the Original Wealth Tax
Odd Lots analyzes how political miscalculations cost Elon Musk, sending Tesla stock down 10% after Democrats swept the midterms.
Delaware Lawsuits Drove Founders to Texas, but the Politics Shifted
Corporate migrations to Texas banked on permanent conservative courts. An unexpected Democratic sweep upended that bet.
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