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Aahan Menon discusses the shifting macro landscape, highlighting a concerning divergence between strong AI-driven GDP and weakening labor markets, while explaining why long-term economic forecasts and rate-of-change predictions often fail to generate meaningful investment returns.
Aahan Menon discusses the current business cycle expansion, highlighting the significant role of technology spending and AI capital expenditures in driving economic growth, while also addressing concerns about labor market weakness and immigration's impact on employment. The episode provides a nuanced view of the economy, suggesting that while growth is moderate, the business cycle remains expansionary with potential opportunities in global equities and commodities.