DTTop post: @DKThomp “Smart post. A chilling thought I've had recently, watching Mag7 cash flow crashing toward zero and watching AI bubble fears reemege, is that the US built its tech dominance on industries where the marginal cost of the product was basically zilch, and this happened in the context of a US financial media that loves panicking and talking about bubbles and doom at the earliest sight of an earnings miss. But with AI, you've got a capex arms race that seems like itll reward patient and loss-tolerant capital, and the business cycle might go thru some ups and downs that could trigger more AI bubble panics and encourage big US companies to pull back spending. Meanwhile what does China love? Ooutspending and out-losing its global private-sector industrial competitors for years and years ... and the CCP doesn't change its investment strategy based on compelling CNBC clips. I think the US is winning on AI right now, and I'd like that to remain the case, but with rising inflation, data center populism, and other resource limitations, I don't think it's crazy to think that the US has some real challenges.”