The cusp of a capex supercycle | Barclays Investment Bank

"Beneath the more negative headlines we're seeing a largely acyclical investment cycle driven by AI but also energy and defense is gathering momentum... it points to something way bigger: a step change in global capital spending." - Patrick Coffee [00:00:21]

"When you look at investment cycles you really have to think of longer time spans. We looked at 150 years of UK and US data and what you see is that while investment is very volatile, it does come in cycles—typically 10-year cycles." - Christian Keller [00:01:41]