The AI Cold War has begun | A $30bn blow-up, the Treasury trade and détente with China
Izabella Kaminska argues the AI CapEx boom was never really an investment boom, it was an arms race. She and Damian Pudner map how "safety" became a convenient off-ramp, why the money released could rotate into US Treasuries, and how a new US-China détente might actually play out. The figures and claims are the guest's own, offered as analysis rather than financial advice. Nothing here is a recommendation to buy or sell any asset.
Great British Think Tank. Data. Not vibes. gbtt.info
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