Without AI Spending, US Growth Might Already Be Negative

September 9, 2026 - The jobs numbers are solid, prices are up, and the labor market's strong — by every normal measure the Fed should be raising rates, not talking about cutting them. But Chase makes the case that the reason those numbers look strong at all comes down to one narrow input: AI capital expenditure. He estimates it at 3 to 3.5% of the entire US economy this year, against real GDP growth of roughly 4 to 4.5% — take it away, he says, and growth is at best flat, more likely negative. Also today: Treasury Secretary Bessent's $6 billion stock buyback plan appears to have backfired (bond yields rose, not fell, right after the announcement), and what that says about credibility and half-measures.

Schedule your complimentary Know Your Risk Portfolio Review at KnowYourRiskRadio.com