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But we saved everything 🙂.
Joseph Wang, macro analyst and blogger at Fed Guy, observes that a significant portion of artificial intelligence spending is going overseas.
He points out that this trend is contributing to strong economic growth in Taiwan, with its GDP increasing by 11 percent, while U.S. economic growth has been around 2 percent over the first two quarters.
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Wang has previously analyzed surging bond yields and increased political pressure in Markets Weekly for September 26, 2026. Earlier this month, he pointed to severe bond market volatility and underwhelming buybacks amid an expected rate hiking cycle in coverage dated September 12. These observations come as Wang continues to track major market developments and global capital flows.