Only 23 cents of every investment dollar now builds new assets, down from 48 cents in the 1950s, Eric Basmajian says. With computer equipment investment at 1.3%

Only 23 cents of every investment dollar now builds new assets, down from 48 cents in the 1950s, Eric Basmajian says. With computer equipment investment at 1.3% of GDP, above dot-com-era levels, AI and software capex could lift future replacement costs.