The tweet was deleted by the author.
But we saved everything 🙂.
Eric Basmajian highlights that durable goods manufacturing production is experiencing significant growth, primarily driven by the expansion of artificial intelligence infrastructure.
He explains that this same surge in spending is reflected as business equipment investment in U.S. GDP reports and provides resources to better understand the relationship between GDP cycles and this economic activity.
Basmajian has previously examined other drivers of economic performance. He noted that the decline in the employment-to-population ratio has been offset by government payments funded by debt. In a separate analysis, he observed that the worst and best three-month stock performance periods typically occur during recessions. These observations provide further context for his recent focus on business investment trends.