Tom Lee Says U.S. Economy Has Often Remained Resilient During Wartime Periods

Bitmine Chairman Tom Lee said in a CNBC interview that war is typically one of the risk factors investors worry about most, but historical data shows the U.S. economy has often been more resilient during wartime than markets expect. According to Odaily, Lee said that while no one wants the United States to become involved in war, the data points to a more complex reality in which periods widely believed to trigger sharp market declines have still seen the U.S. economy remain stable and ultimately achieve a V-shaped recovery. Lee added that the drivers of current U.S. economic growth are no longer limited to investment in artificial intelligence infrastructure. He said large-scale defense spending is also playing an increasingly important role, with rising defense outlays directly supporting the return of manufacturing to the United States and the process of reindustrialization, becoming one of the forces underpinning the economy.