Divergence in US Economy: Strong AI Spending vs. Weak Real Wages and High Private Credit Defaults

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The US economy is experiencing a significant divergence, characterized by robust AI spending with nearly 30% annual growth, while real wages have fallen by 0.6% over the past year and have trailed prices for two consecutive years. This disparity is further complicated by Fitch reporting record private credit defaults at 6.3%, indicating underlying economic stress despite recent market corrections in major indices and gold.