Kurt Reiman, Head of Fixed Income for the Americas at UBS, and Nathaniel Gabriel, U.S. Industrials and Materials Sector Strategist, delve into the transformative history of the Transcontinental Railroad. Kurt draws fascinating parallels between this major infrastructure project and modern capital expenditure cycles, highlighting themes like capital intensity and market evolution. Meanwhile, Nathaniel shares insights on the railroad's economic impact, its regulatory trends today, and the potential for future transcontinental mergers. A thorough exploration of innovation and its lasting effects!
