The Profits Come Now. The Costs Come Later. Kevin Muir on Whether AI Earnings Are the Bubble

Podcast: Excess Returns · Excess Returns

Opublikowano: 2026-08-29

Kevin Muir of The MacroTourist joins Matt Zeigler to break down the bond market, Scott Bessent's Treasury buybacks, the Treasury General Account, AI-driven earnings growth, leveraged ETF risk, gold and the U.S.-Canada trade fight. Kevin explains why rising long-term yields may be less surprising than investors think, how the AI capex boom can inflate earnings before costs show up, and why leveraged ETFs and policy uncertainty could make markets more fragile. Kevin Muir on X https://x.com/kevinmuir The MacroTourist https://themacrotourist.com Topics covered Why...