Anthony Pompliano

And then I found Ty Kim's picture of it.

Now, in there, Druck talks about when the GDP is booming, stocks actually tend to lag behind because you get a central bank that steps in, doesn't want things to run too hot.

They start to do different things.

What I find interesting is on one hand, we were at all time high stock prices.

GDP is supposedly at five-ish percent and growing.

They're cutting rates into that, not raising rates.

So that feels different than what Druck was talking back in that 92 interview.

The second thing is, if you actually go back and you look at 2000 and some of these kind of economic boom times, the hardware did outperform the software.

And I think people may have thought like, oh, we just weren't ready yet.

You know, the internet wasn't pervasive enough for consumer behavior or whatever.

But maybe actually it's just like the hardware is you have to kind of like lay the future, right?

You have to lay out the data center, you have to lay out, you know, at the time, the wires and all this kind of stuff to make this stuff work.

It sounds like that's what you're saying is, hey, there could be headwinds for software stocks and hardware related or commodity related stocks likely will continue to outperform over time, which is not that different from what the historical norm has been.

Yeah, $650 billion is going to somewhere.

where's that money going?

Those stocks may do pretty well.

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