The Impact of Infrastructure Spending on the Economy

The Phoenix economy, which is typically a boom bust economy, has this singular $80 billion investment from Intel and TSMC and ASML. Those companies are going to transform that basin into basically our Silicon manufacturing center of America. And so it's just you can't survive on eight 10% interest rates and an inverted yield curve in perpetuity. The reason why I said yes and no is that there's going to be winners and losers in this recession.