The David Lin Report · Friday, August 14, 2026
Jim Thorne anticipates a significant capital expenditure (CapEx) boom driven by artificial intelligence (AI), which he views as a matter of national security. This boom is expected to boost productivity, with current market activity being only the initial operating leverage phase.
“And so, you know, it's earnings, this phase is going to be about real economic growth.”
“We need to run the economy hot to deal with the debt.”
“So the risk I have is that this thing is front and loaded. And we really fly really far too fast into 28 with the earnings growth.”