Money versus Monetary Policy

Secretary of War Pete Hegseth said that the US and Israel have different goals in the war with Iran.  On Tuesday, Hegseth was asked about a report that the White House was unhappy with Tel Aviv over strikes on Iranian oil storage facilities. “I would just state by saying Israel’s been a really strong partner […]

Three Key Constraints That Could Derail The Data Center Buildout Story The data center investment macro story centers on hyperscalers such as Microsoft, Alphabet, Meta, and Amazon Web Services, whose massive cloud computing services are becoming the backbone for AI workloads, including ChatGPT and others. However, as we've previously noted, the data center buildout has run into supply-chain snarls, including memory chip shortages, power-grid constraints, and even a shortage of turbine blades for natural-gas generators. The data center boom powering the AI revolution is certaintly impressive to watch unfold, but it...