People tend to equate this to the railroad boom when saying that infrastructure spending will yield durable returns into the future no matter what.
When the railroad bubble popped we had railroads. Metal and sticks, and probably more importantly, rights-of-way.
If this is a bubble, and it pops, basically all the money will have been spent on Nvidia GPUs that depreciate to 0 over 4 years. All this GPU spending will need to be done again, every 4 years.
Hopefully we at least get some nuclear power plants out of this.
When the railroad bubble popped we had railroads. Metal and sticks, and probably more importantly, rights-of-way.
If this is a bubble, and it pops, basically all the money will have been spent on Nvidia GPUs that depreciate to 0 over 4 years. All this GPU spending will need to be done again, every 4 years.
Hopefully we at least get some nuclear power plants out of this.