Yes, because the bigger issue is that the whole American system has been so dominated by the rapacious and parasitic mindset of the blob that may be grouped as the PE/investor class (which I also belong to and have benefited from, even though it’s been deliberately secondarily), which has been extracting/monetizing value and cutting real, human, long term investment in lieu of short term, quick, unsustainable outsourcing and resource extracting methods for so many decades now that it has now left America in a tight spot.

Unfortunately, though it has left mostly the Europeans, but all American vassals in an even worse position as the vampiric fake American ruling class, devours America like Saturn devouring his son, as famously depicted by Goya. The parasitic American empire is in a bit of a panic and it is pulling out all the stops to make everyone else pay for its failures, evil, and detrimental activities. That comes in the form of extracting value from Europe and damaging their economy in order to make them even more dependent vassals who still think they can rebel like a toddler threading to run away from home, and dominating the Americas that are effectively helpless in the face of Americas overwhelming position over them.

The anxiety and panic among the American ruling class is palpable among the clubhouse chatter. The empire is in a bit of a panic to sustain itself, just as much as it is also trying to devour what little value is left among the American pension funds and people to save itself; Saturn devouring his son for fear of the prophesy that his child would overthrow him.

It is a downside of being the world center of finance is that you have way too many well paid finance guys sitting in rooms trying to squeeze the juice out of everything on the market.

The opposite end of that is that this AI boom wouldn't have existed in America without the insane amount of capital these guys can put together.