U.S. Treasury Secretary Bessent, U.S. investment boom is sustainable and just beginning. ๐Ÿš€

U.S. Treasury Secretary Bessent, U.S. investment boom is sustainable and just beginning. ๐Ÿš€

  • There is pent-up investment demand in the U.S., and the U.S. is open to the world.
  • AI investments will begin to contribute to productivity gains in the first or second quarter of next year.

[Related to China] ๐Ÿ‡จ๐Ÿ‡ณ

  • The stock market will not affect negotiations with China.
  • China is trying to reverse its narrative on rare earth mineral trade negotiations.
  • The Chinese side was preparing new measures, but did not want to escalate the situation.
  • This is not just a U.S.-China issue, but a โ€œChina vs. the worldโ€ structure.
  • The United States has a number of โ€œleverageโ€ that is much stronger than Chinaโ€™s rare earth export control.
  • The U.S. has assets vital to Chinaโ€™s supply chain, including semiconductors, aircraft engines, and various key minerals.
  • Chinaโ€™s bureaucrats lack the capacity to manage the entire global supply chain and manufacturing process.
  • We donโ€™t want complete decoupling with China.

[Regarding government shutdown] ๐Ÿ›๏ธ

  • The only factor holding back the U.S. and Trump administrations at the moment is the government shutdown.
  • It is possible to pay the salaries of soldiers.
  • The shutdown is causing economic damage worth up to $15 billion a day.

[Related to the actual game] ๐Ÿ’น

  • Not concerned about large-scale unemployment due to AI.
  • Even if federal employment declines, the private sector will absorb that workforce.
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