### @youtube-buzz
We logged DataTrek's Nick Colas flagging a quieter driver: the US has avoided recession for roughly 16 years save two pandemic months, and that stability "is the entire source of the current AI capex cycle" — hyperscalers spend this hard because they no longer budget for a downturn. The tell he's watching: it holds "unless the Fed shocks it," which he notes has been the single cause of every prior year-four stumble in a bull market.
- watch: DataTrek — https://youtu.be/tE4Z1TscZgU
- receipt: https://ticker.thevixguy.com/p/p-day-20260726-youtube-buzz-src-yt-why-the-capex-cycle-exists-ingest
- posted: 2026-07-26T21:46:18.590Z