About this episode

Marko Papic discusses the implications of the AI boom on inflation and oil prices amidst geopolitical tensions.

In this week's Stansberry Investor Hour , Dan welcomes Marko Papic back to the show. Marko is the chief strategist and head of GeoMacro at BCA Research, a global investment research firm. Marko kicks things off by discussing the "second derivative of AI capex," which signals the beginning of the end of the AI boom. Due to tension in the Middle East potentially starting to ease up, the market is nearing the peak of the "Wall of Worry," and as a result, investors could lose a component that helps fuel the current rally. Additionally, Marko says that AI is inflationary. It takes labor, copper, and electricity to construct and run a data center, and with oil prices not likely to return to the levels they were at before the conflict at the Strait of Hormuz, that will just compound the inflation. Marko details what you can expect from the "endgame" of the Hormuz blockade. (0:00) Next, Marko delves into oil prices and demand. He says that the conflict is starting to give several impressions to other countries after this passes. The first is that the U.S. creates demand when it has a desire to obtain resources and seeks them out. Countries will then start hoarding them as a means of…

People in this episode

Host: Dan

Guest: Marko Papic

Topics covered

• AI boom
• inflation
• oil prices
• Middle East conflict
• investment strategies

Keywords

• AI capex
• inflation
• oil prices
• Middle East
• investment research

Mentioned in this episode

Organizations: BCA Research

Places: Middle East, Strait of Hormuz, Venezuela

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