E.J. Antoni

So yes, the investment numbers are already paying dividends, and it's giving us a strategic advantage that a lot of people aren't talking about.

AI, as much as we talk about it as it's a new productivity boom, it's going to increase wages and provide more jobs, et cetera, that's all true.

But I think there are also strategic implications here.

To a certain extent, it might be the new arms race.

And so it's imperative that we get ahead of hostile nations of bad actors like China.

And this is helping us to do exactly that.

Not only are we both economist, Vince, we were both bartenders.

So I'd be happy to debate a fellow bartender.

Thank you, Vince.

Always a pleasure.

The markets are driven at this point largely by AI, right?

We've talked about this.

The magnificent seven mega tech companies that are not largely impacted by tariffs or mass deportations.

But if you look under that seven, things are much shakier.

And we've talked about it before.

So many businesses are in this no hiring, no firing, no growth.

They're bracing themselves, right?

Foreign investors are not feeling great about investing in the U.S.

And a funny thing, as happy as people have been about the markets in the last year, look abroad.

Markets abroad have been stronger than ours have.