Rowan warns $2 trillion peacetime deficits at full employment threaten capital availability for future needs.
“The direct the notion that we are spending 2,000,000,000,000 in excess of what we take in in peacetime with full employment does not bode well for the availability of capital to do what we need to do”
Rowan asserts the world is simultaneously building infrastructure, energy, manufacturing, defense, and AI, creating the largest capital need ever.
“S, they want to do in Europe, and they're not as well prepared to it, and they're doing it in The Middle East, and they're doing it elsewhere around the world.”
Rowan says tech companies went from zero to 11% of investment grade index extremely quickly.
“IG issued by the tech ecosystem went from nothing to 11% of the index in a in a flash.”