#torstenslok — Public Fediverse posts

1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

#TorstenSlok, chief economist at Apollo Global Management: Splitting the weekly #business formation data into industries with high #AI adoption rates and low AI adoption rates shows that the #sectors leaning into AI are pulling ahead in #newfirmcreation

#TorstenSlok, chief economist at Apollo Global Management: #Tech #valuations have compressed from 40x to 20x, and we are back at levels last seen before the #AI boom began.

2 #TorstenSlok, chief economist at Apollo Global Management: We expect to see convergence between #FX and #yield #differentials as higher-for-longer rates in the #US continue to attract investment from abroad and put upward pressure on the #dollar. #USD

2 #TorstenSlok, chief economist at Apollo Global Management: We expect to see convergence between #FX and #yield #differentials as higher-for-longer rates in the #US continue to attract investment from abroad and put upward pressure on the #dollar. #USD

2 #TorstenSlok, chief economist at Apollo Global Management: We expect to see convergence between #FX and #yield #differentials as higher-for-longer rates in the #US continue to attract investment from abroad and put upward pressure on the #dollar. #USD

#TorstenSlok, chief economist, Apollo Global Management: For every five dollars the US #government receives in #tax revenue, one dollar is spent on servicing the #nationaldebt.

2 #TorstenSlok, chief economist at Apollo Global Management: With #hyperscalers issuing more #debt, #AI is increasingly also driving returns in #bondmarkets 🧵

2 #TorstenSlok, chief economist at Apollo Global Management: With #hyperscalers issuing more #debt, #AI is increasingly also driving returns in #bondmarkets 🧵

2 #TorstenSlok, chief economist at Apollo Global Management: With #hyperscalers issuing more #debt, #AI is increasingly also driving returns in #bondmarkets 🧵

1 #TorstenSlok, chief economist at Apollo Global Management: #AI is driving returns in #equitymarkets because of the growing size of #tech in the #S&P500 index, and this is a problem for both #institutional and #individual #investors 🧵

One Factor Driving All Returns...

#TorstenSlok, Chief Economist, Apollo Global Management: more than 4,500 #objects were launched into #space in 2025, up from 600 in 2019.

#TorstenSlok, chief economist, ApolloGlobal Management: With #margin #debt at record highs, any #downturn in #stocks risks turning into a sharper #correction as #leveragedinvestors are forced to sell into falling #markets

#TorstenSlok, chief economist at Apollo Global Management: Dallas Fed data show net #unauthorized #immigration flows turning negative, meaning more individuals are leaving the #US than entering #usecon

#TorstenSlok, chief economist at Apollo Global Management: Dallas Fed data show net #unauthorized #immigration flows turning negative, meaning more individuals are leaving the #US than entering #usecon

2 #TorstenSlok, chief economist, Apollo Global Management: As these firms scale, they will create #jobs, underscoring that #AI is likely to strengthen, not disrupt, the #US #labormarket. #usecon

2 #TorstenSlok, chief economist, Apollo Global Management: As these firms scale, they will create #jobs, underscoring that #AI is likely to strengthen, not disrupt, the #US #labormarket. #usecon

1 #TorstenSlok, chief economist, Apollo Global Management: from a macro perspective, the #valuecreation is not the product, but how #generativeAI is used and implemented in different sectors in the #economy. The academic literature is still inconclusive about the potential macro effects of #AI 🧵

Apollo Global Management Chief Economist #TorstenSlok: “Despite the turbulence surrounding #LiberationDay in April, #foreign #investors ended up buying more #US #assets in 2025 than in 2024. #markets #Usecon

#TorstenSlok, chief economist, Apollo Global Management: The average #family in the #US currently pays $6,850 annually for #healthinsurance, and the average annual payment for #employers is $20,143. That is a total annual cost for health insurance per family of $26,993

#TorstenSlok, chief #economist, Apollo Global Management: Since the beginning of the year, #profitmargins have increased for the #MagnificentSeven and declined for everyone else

“ #Households now spend almost as much on #restaurants, #takeout and #delivery as on groceries eaten at home.” - #TorstenSlok, chief #economist, Apollo Global Management

#TorstenSlok, chief #economist, Apollo Global Management: There is still strong growth in #datacenter #construction, but the current growth rate at 30% is lower than the 80% observed two years ago

According to #TorstenSlok, the chief economist at Apollo Global Management, the current #AI-driven #marketbubble is more stretched than the #dotcom frenzy of the late 1990s. Slok compares the 12-month forward #pricetoearnings (P/E) #ratios of the top ten companies in the S&P 500 against the rest of the index, showing that the #PEratios of the top ten companies are #evenhigher than they were at the peak of the dot-com bubble. https://gizmodo.com/wall-streets-ai-bubble-is-worse-than-the-1999-dot-com-bubble-warns-a-top-economist-2000630487?AIagents.at #AIagent #AI #ML #NLP #LLM #GenAI

Chart from #TorstenSlok, chief #economist at Apollo Global Management showing a sharp in #US #corporate #capex #spending plans.