The Rothchilds are running the show, and Trump is a puppet, just like all the other Presidents. He who has the gold makes the rules. The Fed is the problem, and the old man who has been running it is one of the biggest problems. NOW, he just will not go away. Still there hovering. It will be interesting to see what the new guy does. The housing market is a mess, but regulations and high interest has kept it there. Free housing for illegals (millions) have stalled the ability to sell commercial hotels, buildings, and re-do offices. Covid did not help either. Blackrock picking up small properties that should go FHA adds to it. More than IRAN, we are still funding Zelensky, and every other nation with it’s hand out. Obamacare has crippled Americans more than oil, and we cannot get rid of that eternal problem that gets worse every year.
Trump can be a bombastic bully, but if we hand this nation over to socialism (Biden, Obama) again; it will be the end, for sure. The Coasts of the US are lost to Communists, and Hucksters. Difficult times.
That’s a nasty picture of what the US stock market, with ripples through the economy, is facing. Too many eggs in one basket. Watch out below. Important warning, Lau. Thanks.
Trump has succumbed to the military industrial complex just like every other POTUS since Eisenhauer (A former Fiver Star General who knew where the bodies were buried and couldn’t be swayed). Aside from your spot-on conclusion that it is a bad deal, I see the market’s reaction to the war, given the collapse of Oil to $68.25 for WTI as I write this and Uranium flat for 2026 YTD (two examples of real energy) as an indicator of one of two alternatives: Either an over-sold market in Oil, not recognizing supply shortages to become more apparent, or, possibly, a market that is baking in a recession including a burst of the AI bubble.
Are the resources needed for AI available? Who will purchase the products it produces if jobs are eliminated? Will push back occur when people realize their 401Ks and pension retirement funds are financing these data centers and they may be forced to move out of their areas because of the lack of resources; water, electricity, etc.?
Will the government force people to move if they decide AI is too important for national security? Push back would slow things down but current investors ( forced or willing) could lose big time. What I’m getting to is this was poorly or nefariously planned. Time will tell which.
It’s a sure bet that anything Trump says is worthless. It’s what he does or causes to occur that must be watched. Your surmise about energy is on-point. Without it, no AI, and hence the US economy is treading water at best. The worthless managerial class at financial institutions have been exposed as non-value added. Reshoring industrial capacity is occurring, but at a naturally slow pace. Steady, but not enough to make up for huge loss of employment in the white collar class.
The wild card that can change everything is the Fed. How much QE? I suspect a lot aimed at the mortgage market, $2.5 trillion of which sits on the fed balance sheet already. When foreclosures start to pick up, I expect an increasing amount of money printing to cover Fannie, et al.
So many people are asking, ‘why so many data centers? what future needs are they forecasting?’
However, if there is a mysterious set of circumstances that result in the elimination of foreign data centers requiring the onshoring of them into the USA…..then, maybe that makes sense?
Or they are just white elephants that no one wants to acknowledge?
The Rothchilds are running the show, and Trump is a puppet, just like all the other Presidents. He who has the gold makes the rules. The Fed is the problem, and the old man who has been running it is one of the biggest problems. NOW, he just will not go away. Still there hovering. It will be interesting to see what the new guy does. The housing market is a mess, but regulations and high interest has kept it there. Free housing for illegals (millions) have stalled the ability to sell commercial hotels, buildings, and re-do offices. Covid did not help either. Blackrock picking up small properties that should go FHA adds to it. More than IRAN, we are still funding Zelensky, and every other nation with it’s hand out. Obamacare has crippled Americans more than oil, and we cannot get rid of that eternal problem that gets worse every year.
Trump can be a bombastic bully, but if we hand this nation over to socialism (Biden, Obama) again; it will be the end, for sure. The Coasts of the US are lost to Communists, and Hucksters. Difficult times.
Thanks, Lau, for the good article.
That’s a nasty picture of what the US stock market, with ripples through the economy, is facing. Too many eggs in one basket. Watch out below. Important warning, Lau. Thanks.
Trump has succumbed to the military industrial complex just like every other POTUS since Eisenhauer (A former Fiver Star General who knew where the bodies were buried and couldn’t be swayed). Aside from your spot-on conclusion that it is a bad deal, I see the market’s reaction to the war, given the collapse of Oil to $68.25 for WTI as I write this and Uranium flat for 2026 YTD (two examples of real energy) as an indicator of one of two alternatives: Either an over-sold market in Oil, not recognizing supply shortages to become more apparent, or, possibly, a market that is baking in a recession including a burst of the AI bubble.
Are the resources needed for AI available? Who will purchase the products it produces if jobs are eliminated? Will push back occur when people realize their 401Ks and pension retirement funds are financing these data centers and they may be forced to move out of their areas because of the lack of resources; water, electricity, etc.?
Will the government force people to move if they decide AI is too important for national security? Push back would slow things down but current investors ( forced or willing) could lose big time. What I’m getting to is this was poorly or nefariously planned. Time will tell which.
Great analysis. Safe travels. Godspeed
This is just the latest great train robbery…. The plot thickens
It’s a sure bet that anything Trump says is worthless. It’s what he does or causes to occur that must be watched. Your surmise about energy is on-point. Without it, no AI, and hence the US economy is treading water at best. The worthless managerial class at financial institutions have been exposed as non-value added. Reshoring industrial capacity is occurring, but at a naturally slow pace. Steady, but not enough to make up for huge loss of employment in the white collar class.
The wild card that can change everything is the Fed. How much QE? I suspect a lot aimed at the mortgage market, $2.5 trillion of which sits on the fed balance sheet already. When foreclosures start to pick up, I expect an increasing amount of money printing to cover Fannie, et al.
Home prices look to be rolling over too. The 2nd half 2026 is not going to look like the first half!
China is aware that the US also can stop its oil. In many countries oil storage facilities will now outnumber data centers under construction!
Will you be making stock recommendations on this newsletter or is it just an opinion piece
Yes. Kicking it off next week.
So many people are asking, ‘why so many data centers? what future needs are they forecasting?’
However, if there is a mysterious set of circumstances that result in the elimination of foreign data centers requiring the onshoring of them into the USA…..then, maybe that makes sense?
Or they are just white elephants that no one wants to acknowledge?
Anyone else have ideas?