{"id":597900,"date":"2026-05-07T18:10:00","date_gmt":"2026-05-07T18:10:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=597900"},"modified":"2026-05-07T18:10:00","modified_gmt":"2026-05-07T18:10:00","slug":"worth-every-dollar-until-it-isnt","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=597900","title":{"rendered":"Worth Every Dollar (Until It Isn&#8217;t)"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Worth Every Dollar (Until It Isn&#8217;t)<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><a href=\"https:\/\/dollarcollapse.com\/worth-every-dollar-until-it-isnt\/\"><em>Authored by Bryan Lutz via DollarCollapse.com,<\/em><\/a><\/p>\n<p>Jamie Dimon just gave the trillion-dollar AI capex boom his blessing.<\/p>\n<p>Standing next to Anthropic CEO Dario Amodei in New York on Tuesday, the <strong>JPMorgan chief told Wall Street that the buildout is \u201cworth the trillion-dollar investment\u201d<\/strong>\u2026 a sentence that would have been a punchline two years ago.<\/p>\n<p>Now it feels like even the mainstream media disagrees with the consensus.<\/p>\n<p><strong>Here\u2019s the problem&#8230;<\/strong><\/p>\n<p>BofA Global Research charted every market concentration peak of the last sixty years on a single line:<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Historical_Concentration_Peaks-7.jpg?itok=HRXXk91S\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/Historical_Concentration_Peaks-7.jpg?itok=HRXXk91S\"><img fetchpriority=\"high\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"233e9c20-93d6-4cbc-b653-af2da434b1b1\" data-responsive-image-style=\"inline_images\" height=\"397\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/Historical_Concentration_Peaks-7.jpg?itok=HRXXk91S\" alt=\"\" \/><\/a><\/p>\n<p><strong>Four bubbles. Four peaks. All in roughly the same 40-44% concentration band.<\/strong><\/p>\n<p>And we just printed the fourth one.<\/p>\n<p>The world\u2019s largest bank cosigned the bet at the exact level the last three manias topped out.<\/p>\n<p><strong><a href=\"https:\/\/www.axios.com\/2026\/05\/05\/jamie-dimon-ai-capex-anthropic\">Axios<\/a><\/strong>\u00a0reports:<\/p>\n<p><strong>Jamie Dimon blesses the trillion-dollar AI capex boom<\/strong><\/p>\n<p>JPMorgan Chase CEO\u00a0<a href=\"https:\/\/www.axios.com\/2026\/04\/02\/jamie-dimon-ai-geopolitical-risk-axios-show\">Jamie Dimon<\/a>\u00a0stood next to Anthropic CEO Dario Amodei in New York on Tuesday and told Wall Street the AI buildout is worth every dollar.<\/p>\n<blockquote>\n<p><em><strong>Why it matters:\u00a0<\/strong>With investors increasingly anxious about whether AI revenue can keep pace with spending, the head of the world\u2019s largest bank endorsed a capital expenditure wave\u00a0<a href=\"https:\/\/www.axios.com\/2026\/04\/30\/ai-meta-alphabet-microsoft-amazon\">projected to top $1 trillion<\/a>\u00a0next year.<\/em><\/p>\n<ul>\n<li>\n<p><em>The latest Big Tech earnings reports last week made clear that the massive buildout is\u00a0<a href=\"https:\/\/www.axios.com\/2026\/05\/05\/ai-spending-stocks-economy\">propping up<\/a>\u00a0not only the stock market, but U.S. economic growth writ large.<\/em><\/p>\n<\/li>\n<li>\n<p><em>\u201cThe technology is so powerful, it\u2019s worth the trillion-dollar investment,\u201d Dimon said at an Anthropic event unveiling new partnerships and AI agents tailored to financial services.<\/em><\/p>\n<\/li>\n<\/ul>\n<p><em><strong>Zoom in:\u00a0<\/strong>Dimon and Amodei also addressed\u00a0<a href=\"https:\/\/www.axios.com\/2026\/04\/08\/mythos-system-card\">Mythos<\/a>, Anthropic\u2019s powerful new model whose cyber capabilities prompted Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell to\u00a0<a href=\"https:\/\/www.cnbc.com\/2026\/04\/10\/powell-bessent-us-bank-ceos-anthropic-mythos-ai-cyber.html\">convene an emergency meeting<\/a>\u00a0with major bank CEOs last month.<\/em><\/p>\n<ul>\n<li>\n<p><em>Dimon, who was invited but unable to attend that meeting, said the banks have since gotten together to \u201ctriage the issues\u201d \u2014 and argued protections should extend to all banks, not just the largest.<\/em><\/p>\n<\/li>\n<li>\n<p><em>\u201cThe government can\u2019t do all that,\u201d he said.<\/em><\/p>\n<\/li>\n<li>\n<p><em>Amodei said he had a great conversation with Bessent and pushed back on the suggestion that Mythos\u2019s limited release was driven by compute constraints, calling that a \u201cmisconception.\u201d<\/em><\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<p>So a banker blesses a trillion-dollar bet, the regulators panic about a single AI model, and the index rips on the back of seven names doing all the spending.<\/p>\n<p><strong>This is what late-cycle capex manias look like in real time\u2026 every cycle has them, and every cycle ends the same way.<\/strong><\/p>\n<p>Stack accordingly.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Thu, 05\/07\/2026 &#8211; 14:10<\/span><img decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/Historical_Concentration_Peaks-7.jpg?itok=HRXXk91S\" title=\"Worth Every Dollar (Until It Isn't)\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Worth Every Dollar (Until It Isn&#8217;t) Authored by Bryan Lutz via DollarCollapse.com, Jamie Dimon just gave the trillion-dollar AI capex boom his blessing. Standing next to Anthropic CEO Dario Amodei in New York on Tuesday, the JPMorgan chief told Wall Street that the buildout is \u201cworth the trillion-dollar investment\u201d\u2026 a sentence that would have been&hellip; <a class=\"more-link\" href=\"https:\/\/buglecall.org\/?p=597900\">Continue reading <span class=\"screen-reader-text\">Worth Every Dollar (Until It Isn&#8217;t)<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":597901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22,13],"tags":[],"class_list":["post-597900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-border-security","category-immigration","category-immigration-reform","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/597900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=597900"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/597900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/597901"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=597900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=597900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=597900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}