Category: Investment Themes

The AI Capex Debate

Summary The AI capex cycle remains extraordinary. Hyperscaler spending has risen from roughly $156 billion in 2023 to an estimated $443 billion in 2025, with consensus nearing $920 billion by 2027. The debate has shifted from demand to durability. AI demand looks real; the harder question is whether spending normalizes toward a higher steady state […]

Space: The Final (Investment) Frontier

  We are on the dawn of the space economy in 2026.  This represents a generational investment opportunity, akin to the early internet era, when initial skepticism gave way to transformative economic growth.  Space is poised to be the foundation for a multi-trillion-dollar economy encompassing connectivity, energy, artificial intelligence (AI) computing, and defense into a […]

Our Economic Views

We are economic thought leaders following the free-market oriented Austrian economics, whereas most advisors follow Keynsian Economics and tout the merits of money printing and government intervention. Global central banks have printed tens of trillions of dollars out of thin air as global debts exploded. Yet most advisory firms act like this is just another “normal” investment environment and allocate capital the way they’ve always done so. In our opinion, this is not a normal environment and requires an acute understanding that the pillars of the world are now built on a mirage of bubbles with serious consequences for growing and protecting wealth.

In an attempt to offset continued economic weakness, governments are reacting with spending, debt issuance, and intervention in the economy on a scale without precedent in modern history. Although these policies may buy time, they cannot solve the underlying issues. Ultimately, governments will repay debt with their last remaining option – printing more money. As money floods the system, this will drive inflation higher despite continued weakness in the economy.

Under these circumstances, the current conventional model of a static bond and stock mix will fail. It will fail investors in realizing reasonable returns. It will fail investors in preserving their purchasing power after inflation. And it will fail investors in protecting their capital and securing their retirement.

The conventional experts do not foresee such risks. But these same experts missed the prior 2000 tech bubble and 2008 housing and stock bubble.  Today they are missing the bubble in government debt and the ramifications of unbridled money creation. WindRock understands these issues and positions clients to not only minimize their risk associated with these dangers, but to profit from them.