GeneralNeutralCrypto Briefing · 4h ago7/10
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Jonathan Heathcote: Big tech is shifting to physical infrastructure investments, foreign capital is reshaping US asset valuations, and labor’s share of output is declining | Odd Lots
Jonathan Heathcote's analysis highlights three macro trends reshaping asset markets: technology giants are reallocating capital toward physical infrastructure rather than software, foreign investment is fundamentally altering US asset valuations, and labor's declining share of economic output reflects structural shifts in wealth distribution.
