U.S. Treasury Secretary Bessent, U.S. investment boom is sustainable and just beginning. ๐
- 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] ๐จ๐ณ
- 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 โChina vs. the worldโ structure.
- The United States has a number of โleverageโ that is much stronger than Chinaโs rare earth export control.
- The U.S. has assets vital to Chinaโs supply chain, including semiconductors, aircraft engines, and various key minerals.
- Chinaโs bureaucrats lack the capacity to manage the entire global supply chain and manufacturing process.
- We donโt want complete decoupling with China.
[Regarding government shutdown] ๐๏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] ๐น
- Not concerned about large-scale unemployment due to AI.
- Even if federal employment declines, the private sector will absorb that workforce.