GPT-6 Astra surfaces a 2000 Fed report on investment and borrowing costs
The author gave GPT-6 Astra a tweet, and it found the original July 2000 Fed report and asked how corporate investment actually changed after it was published.
I threw this Bill Ackman tweet at GPT 6 Astra, and it came back with something interesting. "The higher cost of business borrowing and more-restrictive credit supply conditions probably will not exert substantial restraint on investment decisions, particularly as long as the costs and potential productivity payoffs of new equipment and software remain attractive." This line comes from the Fed's July 2000 report. How did actual corporate investment change after that report came out? It's interesting that even back in the dotcom era, there was a view that the appeal of technology investment would let business investment hold up relatively well against rising borrowing costs. Don't get me wrong. I'm an AI Super Bull, and GPT 6 Astra is what found this for me.
This post quotes another post: x.com/billackman/status/2103299666276184301