-|-#-|-#-+ -+-e-| -#-+-+-+ -|-#-+-#-#-+-+ -+-C-+-a-|-U-+-C-+-e-| -+-e -N-#-C-#-#-C-| 8-)
Without data centers, GDP growth was 0.1% in the first half of 2025,
Harvard economist says
Nick LichtenbergBy Nick LichtenbergBusiness Editor
October 7, 2025 at 1:15 PM EDT
U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology,
according to Harvard economist Jason Furman. Excluding these technology- related categories, Furman calculated in a Sept. 27 post on X.com GDP
growth would have been just 0.1% on an annualized basis, a near
standstill that underlines the increasingly pivotal role of high-tech infrastructure in shaping macroeconomic outcomes.
FurmanrCOs findings, shared online and echoed by financial analysts
including Robert Armstrong of the Financial TimesrCy Unhedged (the same writer who coined the term rCLTACO traderCO), echo several months of observations on the remarkable surge in data-center infrastructure. In August, Renaissance Macro Research estimated, to date in 2025, the dollar value contributed to GDP growth by AI data-center buildout had surpassed
U.S. consumer spending for the first time ever. ThatrCOs remarkable considering consumer spending is two-thirds of GDP.
rCa
https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-half-2025-jason-furman-harvard-economist/
-|-#-|-#-+ -+-e-| -#-+-+-+ -|-#-+-#-#-+-+ -+-C-+-a-|-U-+-C-+-e-| -+-e -N-#-C-#-#-C-| 8-)
-y-+-+ -e-+-+-+ -+-| -| -+-C-+-a-|-U-+-C, -# -+-#-+-|-+-+-#-|-+ -+-|-+-+-+-+-+-U-e?
-E-+ -+-e -+-|-U-|-a-+ -|-+-#-+-C-A -U-e-e-+-e-+, -c-| -o-C-e-+-+ -a-+-+-e-+-|-#-#-# -+-|-+-+-+-+-+-|-#-e-#,
-U -#-#-U-+-+-A-e-+-+ -+-|-+-#-|-+-+-+-+ -U-C-|-|-U-e-#-#,
-# data centers -| -A-U-+-+ -+-# -|-#-|-#-+ -U-#.
On 10/17/2025 8:07 AM, Nick wrote:
Without data centers, GDP growth was 0.1% in the first half of 2025,
Harvard economist says
Nick LichtenbergBy Nick LichtenbergBusiness Editor
October 7, 2025 at 1:15 PM EDT
U.S. GDP growth in the first half of 2025 was almost entirely driven by
investment in data centers and information processing technology,
according to Harvard economist Jason Furman. Excluding these
technology-
related categories, Furman calculated in a Sept. 27 post on X.com GDP
growth would have been just 0.1% on an annualized basis, a near
standstill that underlines the increasingly pivotal role of high-tech
infrastructure in shaping macroeconomic outcomes.
FurmanrCOs findings, shared online and echoed by financial analysts
including Robert Armstrong of the Financial TimesrCy Unhedged (the same
writer who coined the term rCLTACO traderCO), echo several months of
observations on the remarkable surge in data-center infrastructure. In
August, Renaissance Macro Research estimated, to date in 2025, the
dollar value contributed to GDP growth by AI data-center buildout had
surpassed U.S. consumer spending for the first time ever. ThatrCOs
remarkable considering consumer spending is two-thirds of GDP.
rCa
https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first- half-2025-jason-furman-harvard-economist/
-|-#-|-#-+ -+-e-| -#-+-+-+ -|-#-+-#-#-+-+ -+-C-+-a-|-U-+-C-+-e-| -+-e -N-#-C-#-#-C-| 8-)
-y-+-+ -e-+-+-+ -+-| -| -+-C-+-a-|-U-+-C, -# -+-#-+-|-+-+-#-|-+ -+-|-+-+-+-+-+-U-e?
-Y-| -C-#-+-#-+-C-#-+ -|-+-| -e-| -a-c-a-|-#-# -+ -|-+-| -| -e-+-|-+-C-#-e-+-e-+ -+-# -e-|-#?!
-Y-| -|-#-+-#-a -+-+ -e-+-|-a -e-+ - -+-+-#-|-U-e-+-C-#-|-e-| -# Ai, -+-#-|-#-C -|-# -| -+-#-+-|-+ -|-e-U-+-+, -+-+ -#-U-|
-+-e-| -| -R-U -E-+ -+-e -+-|-U-|-a-+ -|-+-#-+-C-A -U-e-e-+-e-+, -c-| -o-C-e-+-+ -a-+-+-e-+-|-#-#-# -+-|-+-+-+-+-+-|-#-e-#, -U
-#-#-U-+-+-A-e-+-+ -+-|-+-#-|-+-+-+-+ -U-C-|-|-U-e-#-#, -# data centers -| -A-U-+-+ -+-# -|-#-|-#-+ -U-#.
On Sat, 18 Oct 2025 07:44:34 -0700, Radostina wrote:
-E-+ -+-e -+-|-U-|-a-+ -|-+-#-+-C-A -U-e-e-+-e-+, -c-| -o-C-e-+-+ -a-+-+-e-+-|-#-#-# -+-|-+-+-+-+-+-|-#-e-#,
-o-#-+-+ -+-# -o-i -|-#. -y -e-#-+-+ -+-# -+-|-+-|-+-+-e-+ -|-+-a-+-+-+-e-+-+
-U -#-#-U-+-+-A-e-+-+ -+-|-+-#-|-+-+-+-+ -U-C-|-|-U-e-#-#,
-U-#-e-+ -|-#-|-#-+ -+-+-+ -+-+-#-e-#-C-A-e -+-+-#-|-C-#-U-e-+-+-e-| -+-e-|-+ -|-#-e-+ -+-#-+-#-|-#-+-|-#?
-a-e-|-|-e-|-e-+.
On Sat, 18 Oct 2025 07:44:34 -0700, Radostina wrote:
On 10/17/2025 8:07 AM, Nick wrote:
Without data centers, GDP growth was 0.1% in the first half of 2025,
Harvard economist says
Nick LichtenbergBy Nick LichtenbergBusiness Editor
October 7, 2025 at 1:15 PM EDT
U.S. GDP growth in the first half of 2025 was almost entirely driven by
investment in data centers and information processing technology,
according to Harvard economist Jason Furman. Excluding these
technology-
related categories, Furman calculated in a Sept. 27 post on X.com GDP
growth would have been just 0.1% on an annualized basis, a near
standstill that underlines the increasingly pivotal role of high-tech
infrastructure in shaping macroeconomic outcomes.
FurmanrCOs findings, shared online and echoed by financial analysts
including Robert Armstrong of the Financial TimesrCy Unhedged (the same
writer who coined the term rCLTACO traderCO), echo several months of
observations on the remarkable surge in data-center infrastructure. In
August, Renaissance Macro Research estimated, to date in 2025, the
dollar value contributed to GDP growth by AI data-center buildout had
surpassed U.S. consumer spending for the first time ever. ThatrCOs
remarkable considering consumer spending is two-thirds of GDP.
rCa
half-2025-jason-furman-harvard-economist/https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-
-|-#-|-#-+ -+-e-| -#-+-+-+ -|-#-+-#-#-+-+ -+-C-+-a-|-U-+-C-+-e-| -+-e -N-#-C-#-#-C-| 8-)
-y-+-+ -e-+-+-+ -+-| -| -+-C-+-a-|-U-+-C, -# -+-#-+-|-+-+-#-|-+ -+-|-+-+-+-+-+-U-e?
-Y-| -C-#-+-#-+-C-#-+ -|-+-| -e-| -a-c-a-|-#-# -+ -|-+-| -| -e-+-|-+-C-#-e-+-e-+ -+-# -e-|-#?!
-E-+-+ -+-+-#-c-+ -+-A-+-# -U-+-+-U-e-+ -|-# -e-+ -+-#-A-U-+-A-#-#-+ - -e-+ -| -+-c-|-#-#-|-+-+ -|-#-|-#-+ -+-| -U-+-a-e-#-#-# -+
-e-+-|-+-C-#.
-Y-| -|-#-+-#-a -+-+ -e-+-|-a -e-+ - -+-+-#-|-U-e-+-C-#-|-e-| -# Ai, -+-#-|-#-C -|-# -| -+-#-+-|-+ -|-e-U-+-+, -+-+ -#-U-|
-+-e-| -| -R-U -E-+ -+-e -+-|-U-|-a-+ -|-+-#-+-C-A -U-e-e-+-e-+, -c-| -o-C-e-+-+ -a-+-+-e-+-|-#-#-# -+-|-+-+-+-+-+-|-#-e-#, -U
-#-#-U-+-+-A-e-+-+ -+-|-+-#-|-+-+-+-+ -U-C-|-|-U-e-#-#, -# data centers -| -A-U-+-+ -+-# -|-#-|-#-+ -U-#.
-y -|-#-e-+ -|-C-e-+-+-| AI -|-#-|-#-+ -+-U-e-#-#-# -+-e -#-#-e-+-A-e -a-A-f? -o-+-#-# -e-C-A-#-#-# -|-# -e-| -U-+-a-e-#-#-# -+
-e-+-|-+-C-# -e-|-#, -# -+-| -+-|-+,
On 10/19/2025 12:04 AM, Nick wrote:
On Sat, 18 Oct 2025 07:44:34 -0700, Radostina wrote:
On 10/17/2025 8:07 AM, Nick wrote:
Without data centers, GDP growth was 0.1% in the first half of 2025,
Harvard economist says
Nick LichtenbergBy Nick LichtenbergBusiness Editor
October 7, 2025 at 1:15 PM EDT
U.S. GDP growth in the first half of 2025 was almost entirely driven
by investment in data centers and information processing technology,
according to Harvard economist Jason Furman. Excluding these
technology-
related categories, Furman calculated in a Sept. 27 post on X.com GDP
growth would have been just 0.1% on an annualized basis, a near
standstill that underlines the increasingly pivotal role of high-tech
infrastructure in shaping macroeconomic outcomes.
FurmanrCOs findings, shared online and echoed by financial analysts
including Robert Armstrong of the Financial TimesrCy Unhedged (the same >>>> writer who coined the term rCLTACO traderCO), echo several months of
observations on the remarkable surge in data-center infrastructure.
In August, Renaissance Macro Research estimated, to date in 2025, the
dollar value contributed to GDP growth by AI data-center buildout had
surpassed U.S. consumer spending for the first time ever. ThatrCOs
remarkable considering consumer spending is two-thirds of GDP.
rCa
half-2025-jason-furman-harvard-economist/https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-
-|-#-|-#-+ -+-e-| -#-+-+-+ -|-#-+-#-#-+-+ -+-C-+-a-|-U-+-C-+-e-| -+-e -N-#-C-#-#-C-| 8-)
-y-+-+ -e-+-+-+ -+-| -| -+-C-+-a-|-U-+-C, -# -+-#-+-|-+-+-#-|-+ -+-|-+-+-+-+-+-U-e?
-Y-| -C-#-+-#-+-C-#-+ -|-+-| -e-| -a-c-a-|-#-# -+ -|-+-| -| -e-+-|-+-C-#-e-+-e-+ -+-# -e-|-#?!
-E-+-+ -+-+-#-c-+ -+-A-+-# -U-+-+-U-e-+ -|-# -e-+ -+-#-A-U-+-A-#-#-+ - -e-+ -| -+-c-|-#-#-|-+-+ -|-#-|-#-+ -+-| -U-+-a-e-#-#-#
-+ -e-+-|-+-C-#.
-Y-| -|-#-+-#-a -+-+ -e-+-|-a -e-+ - -+-+-#-|-U-e-+-C-#-|-e-| -# Ai, -+-#-|-#-C -|-# -| -+-#-+-|-+ -|-e-U-+-+, -+-+
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-+-|-+-+-+-+-+-|-#-e-#, -U -#-#-U-+-+-A-e-+-+ -+-|-+-#-|-+-+-+-+ -U-C-|-|-U-e-#-#, -# data centers -| -A-U-+-+ -+-#
-|-#-|-#-+ -U-#.
-y -|-#-e-+ -|-C-e-+-+-| AI -|-#-|-#-+ -+-U-e-#-#-# -+-e -#-#-e-+-A-e -a-A-f? -o-+-#-# -e-C-A-#-#-# -|-# -e-| -U-+-a-e-#-#-#
-+ -e-+-|-+-C-# -e-|-#, -# -+-| -+-|-+,
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-e-|-a-+-+-+-+-|-+-c-+-+ -#-e-#-|-|-|-+-+-A.
-c-y-o-Y-R -E-u -+-C-|-|-+-+-c-+-e-#-+ -+-C-+-U-e-+-e-#-e-# -+ -+-#-+-|-+-+-#-|-+-+-U-e-e-# -+-# 60--e-|.
-E-|-+ -+-A-|-e-|-| -+-+-# -|-C-#-|-c-|, -|-+-|-e-+ -+-A-+-# -#-#-e-+-+-+-#-+-+-+ (-+-+-#-+ -c-| -+-+-#), -#-|-+
-e-|-a-+-+-+-+-|-+-+, -U -c-+-U-e-# -a-C-#-+-# -+ -#-+-|-#, -#-+-a -+-e-+-e-+-# -|-# -|-+-#-|-A -e-#-+.
-Y-+ -+-# -c-+-#-|-c-|-U-e-#-+-e-+ -+-A-+-# -#-C-e-e-#-+-| -+-#-+-#-|.
On Sun, 19 Oct 2025 12:59:42 -0700, Radostina wrote:
On 10/19/2025 12:04 AM, Nick wrote:
On Sat, 18 Oct 2025 07:44:34 -0700, Radostina wrote:
On 10/17/2025 8:07 AM, Nick wrote:
Without data centers, GDP growth was 0.1% in the first half of 2025, >>>>> Harvard economist says
Nick LichtenbergBy Nick LichtenbergBusiness Editor
October 7, 2025 at 1:15 PM EDT
U.S. GDP growth in the first half of 2025 was almost entirely driven >>>>> by investment in data centers and information processing technology, >>>>> according to Harvard economist Jason Furman. Excluding these
technology-
related categories, Furman calculated in a Sept. 27 post on X.com GDP >>>>> growth would have been just 0.1% on an annualized basis, a near
standstill that underlines the increasingly pivotal role of high-tech >>>>> infrastructure in shaping macroeconomic outcomes.
FurmanrCOs findings, shared online and echoed by financial analysts
including Robert Armstrong of the Financial TimesrCy Unhedged (the same >>>>> writer who coined the term rCLTACO traderCO), echo several months of >>>>> observations on the remarkable surge in data-center infrastructure.
In August, Renaissance Macro Research estimated, to date in 2025, the >>>>> dollar value contributed to GDP growth by AI data-center buildout had >>>>> surpassed U.S. consumer spending for the first time ever. ThatrCOs
remarkable considering consumer spending is two-thirds of GDP.
rCa
half-2025-jason-furman-harvard-economist/https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-
-|-#-|-#-+ -+-e-| -#-+-+-+ -|-#-+-#-#-+-+ -+-C-+-a-|-U-+-C-+-e-| -+-e -N-#-C-#-#-C-| 8-)
-y-+-+ -e-+-+-+ -+-| -| -+-C-+-a-|-U-+-C, -# -+-#-+-|-+-+-#-|-+ -+-|-+-+-+-+-+-U-e?
-Y-| -C-#-+-#-+-C-#-+ -|-+-| -e-| -a-c-a-|-#-# -+ -|-+-| -| -e-+-|-+-C-#-e-+-e-+ -+-# -e-|-#?!
-E-+-+ -+-+-#-c-+ -+-A-+-# -U-+-+-U-e-+ -|-# -e-+ -+-#-A-U-+-A-#-#-+ - -e-+ -| -+-c-|-#-#-|-+-+ -|-#-|-#-+ -+-| -U-+-a-e-#-#-#
-+ -e-+-|-+-C-#.
-Y-| -|-#-+-#-a -+-+ -e-+-|-a -e-+ - -+-+-#-|-U-e-+-C-#-|-e-| -# Ai, -+-#-|-#-C -|-# -| -+-#-+-|-+ -|-e-U-+-+, -+-+
-#-U-| -+-e-| -| -R-U -E-+ -+-e -+-|-U-|-a-+ -|-+-#-+-C-A -U-e-e-+-e-+, -c-| -o-C-e-+-+ -a-+-+-e-+-|-#-#-#
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-|-#-|-#-+ -U-#.
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-+ -e-+-|-+-C-# -e-|-#, -# -+-| -+-|-+,
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-e-|-a-+-+-+-+-|-+-c-+-+ -#-e-#-|-|-|-+-+-A.
-U-e-|-| -#-+-|-|-#-e -U-+-a-e-|-+-+-A -# -|-a-+-+-e-| -+-+?
-c-y-o-Y-R -E-u -+-C-|-|-+-+-c-+-e-#-+ -+-C-+-U-e-+-e-#-e-# -+ -+-#-+-|-+-+-#-|-+-+-U-e-e-# -+-# 60--e-|.
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-U-#-+-#-a -e-+ - -e-e-C-U-+-e -|-C-#-|-c-|-e-# -U 1500 -|-+-e-|-+-A, -+-| -+-+-#-|-c-|.
-Y-+ -+-# -c-+-#-|-c-|-U-e-#-+-e-+ -+-A-+-# -#-C-e-e-#-+-| -+-#-+-#-|.
-E-| -U-A, -e-|-U-e -+-e-e-+ -#-|-c-| -U-| -| -U-+-a-c-#-#-+-+ 8-)
On 10/19/2025 1:51 PM, Nick wrote:
On Sun, 19 Oct 2025 12:59:42 -0700, Radostina wrote:
On 10/19/2025 12:04 AM, Nick wrote:
On Sat, 18 Oct 2025 07:44:34 -0700, Radostina wrote:
On 10/17/2025 8:07 AM, Nick wrote:
Without data centers, GDP growth was 0.1% in the first half of
2025,
Harvard economist says
Nick LichtenbergBy Nick LichtenbergBusiness Editor
October 7, 2025 at 1:15 PM EDT
U.S. GDP growth in the first half of 2025 was almost entirely
driven by investment in data centers and information processing
technology,
according to Harvard economist Jason Furman. Excluding these
technology-
related categories, Furman calculated in a Sept. 27 post on X.com
GDP growth would have been just 0.1% on an annualized basis, a near >>>>>> standstill that underlines the increasingly pivotal role of
high-tech infrastructure in shaping macroeconomic outcomes.
FurmanrCOs findings, shared online and echoed by financial analysts >>>>>> including Robert Armstrong of the Financial TimesrCy Unhedged (the >>>>>> same writer who coined the term rCLTACO traderCO), echo several months >>>>>> of observations on the remarkable surge in data-center
infrastructure.
In August, Renaissance Macro Research estimated, to date in 2025,
the dollar value contributed to GDP growth by AI data-center
buildout had surpassed U.S. consumer spending for the first time
ever. ThatrCOs remarkable considering consumer spending is two-thirds >>>>>> of GDP.
rCa
half-2025-jason-furman-harvard-economist/https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-
-|-#-|-#-+ -+-e-| -#-+-+-+ -|-#-+-#-#-+-+ -+-C-+-a-|-U-+-C-+-e-| -+-e -N-#-C-#-#-C-| 8-)
-y-+-+ -e-+-+-+ -+-| -| -+-C-+-a-|-U-+-C, -# -+-#-+-|-+-+-#-|-+ -+-|-+-+-+-+-+-U-e?
-Y-| -C-#-+-#-+-C-#-+ -|-+-| -e-| -a-c-a-|-#-# -+ -|-+-| -| -e-+-|-+-C-#-e-+-e-+ -+-# -e-|-#?!
-E-+-+ -+-+-#-c-+ -+-A-+-# -U-+-+-U-e-+ -|-# -e-+ -+-#-A-U-+-A-#-#-+ - -e-+ -| -+-c-|-#-#-|-+-+ -|-#-|-#-+ -+-|
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-+-# -|-#-|-#-+ -U-#.
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-L-+-+-A -e-|, -+-C-|-|-+-|-|-#-| -U-|, -U-|-C-+-+-+-+-+ -+-| -U-+-a-e-#-#-# -e-#-+-A-e-# -+-#-+-|-e -+ -|-+ -|-#-+-#-#-+
-U-|-C-+-+-+-+-+, -+-+-e-+ -c-| -+-+-U-+-+-# -c-| -+-+-e-+ -e-+ -+-A-+-# -+-e-+-|-+ -+-# -+-|-|-#-C.
-c-y-o-Y-R -E-u -+-C-|-|-+-+-c-+-e-#-+ -+-C-+-U-e-+-e-#-e-# -+ -+-#-+-|-+-+-#-|-+-+-U-e-e-# -+-# 60--e-|.
-E-|-+ -+-A-|-e-|-| -+-+-# -|-C-#-|-c-|, -|-+-|-e-+ -+-A-+-# -#-#-e-+-+-+-#-+-+-+ (-+-+-#-+ -c-| -+-+-#), -#-|-+
-e-|-a-+-+-+-+-|-+-+, -U -c-+-U-e-# -a-C-#-+-# -+ -#-+-|-#, -#-+-a -+-e-+-e-+-# -|-# -|-+-#-|-A -e-#-+.
-U-#-+-#-a -e-+ - -e-e-C-U-+-e -|-C-#-|-c-|-e-# -U 1500 -|-+-e-|-+-A, -+-| -+-+-#-|-c-|.
-o-#-|-+-#-# -# -i-E-- -U-# -U-#-+-+ -a-|-C-+-+-e-| :-)
-+-+-#-c-|:
https://www.youtube.com/watch?v=qh0w3MpBstQ
-Y-+ -+-# -c-+-#-|-c-|-U-e-#-+-e-+ -+-A-+-# -#-C-e-e-#-+-| -+-#-+-#-|.
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-a-# -a-# -a-#
On Sun, 19 Oct 2025 19:51:06 -0700, Radostina wrote:
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On 10/19/2025 9:54 PM, Nick wrote:
On Sun, 19 Oct 2025 19:51:06 -0700, Radostina wrote:
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On Sun, 19 Oct 2025 12:21:05 -0700, Radostina wrote:
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| Sysop: | Amessyroom |
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