Skip to report
Next edition in 2533 min Jul 29, 2026, 11:00-23:00 Lisbon
Premarket Alpha Post-Market Alpha

Daily Alpha · Substack

One full public article framed AI as inflationary demand now and deflationary productivity later; two previews exposed no auditable thesis.

3letters

Themes on this desk

Two-machine Fed lens

The public article separates near-term infrastructure inflation from later productivity disinflation.

Substack - Asymmetrical Bets

Public Substack framed AI as inflationary now and deflationary later

A contributed public Substack article argued that AI creates near-term inflationary demand through infrastructure while its productivity payoff could be deflationary later.

The timing mismatch helps explain why strong AI investment can coexist with a hawkish Fed.

Watch Watch power costs, credit spreads, capex guidance, and measurable productivity gains.

Source →
full text 10521 chars read