{"input_url":"https://econbrowser.com/archives/2026/08/pecking-order-and-ai-capex-spending","gnews_decode":"https://econbrowser.com/archives/2026/08/pecking-order-and-ai-capex-spending","http_status":200,"final_url":"https://econbrowser.com/archives/2026/08/pecking-order-and-ai-capex-spending","html_length":35716,"trafilatura_result":"ok","text_length":1097,"text_preview":"I think of this graph as the most important graph for thinking about sustained AI related Capex spending:\nSource: Fazzari et al. (1988) as modified by Chinn.\nThe lowest flat portion represents financing cost out of cash flow. Until now, the demand curve intersected on this portion of the financing s","verdict":"OK"}