Today's episode examines the structural shift of AI investment from software speculation to a high-stakes struggle for physical substrates, including power, land, and silicon. We analyze how the massive capital requirements of the AI arms race are intersecting with rising sovereign debt risks and a new era of state-led industrial policy.
Read this edition in full at https://www.pers-int.com/?digest=Macro%2C%20Geopolitics%2C%20Ai%2C%20Blockchain%2FCompact_Digests%2Fdaily_digest_compact_2026-10-17_06-30-19.html&channel=Macro%2C%20Geopolitics%2C%20Ai%2C%20Blockchain&latest=1
0:00 - Introduction
0:45 - The Great AI Capex Arms Race
8:11 - Inflation, Interest Rates, and the Macro Muddle
14:20 - The Sovereign Debt Spiral
17:27 - A New Command Economy?
20:03 - Conclusion
Referenced sources:
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This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.
