Perspectives
When the Fed moves, a market shifts or a regulation changes, Paul Karner writes about what it means for the industries our clients work in. The full articles are on Substack, where you can subscribe.
Clients also get perspectives tailored to their own business, and early copies of these articles, in the Horizon Data Partners client portal.
From tokenmaxxing to tokenminning
Companies that spent freely on AI tokens are now cutting back. Why that can be a sensible two-phase strategy: experiment widely to find where AI creates value, then let a budget force each team to fund only its best ideas.
Read on Substack →·Related service: AI-ROI Assessment
AI penetration and its impact over the next 18 months
Our base case for how AI affects productivity and the labor market through 2027, with views on insurance, hospital-based technology, fertility treatment and software. As AI removes one bottleneck, people, management and governance become the constraint.
Interest rate uncertainty and the housing market over the next 18 months
Three years into a frozen housing market, supply is starting to thaw. A recovery depends on demand, and demand on the path of interest rates, which three linked uncertainties are still clouding.
Next 18 months for the US economy
Our outlook for the US economy through 2027: rates likely to stay elevated, inflation pressure from energy prices and AI capex, a subdued labor market and a soft housing market.