I call them the 'HIP' factors – health, information, and power – and they could confound the doom-mongers

Todd Buchholz: Factors related to health, information, and power are reshaping the US economic terrain.

He says GLP-1 drugs like Ozempic , democratization of knowledge, and a dramatic decline in energy costs shift the economic landscape.

The information revolution has turned the economics of knowledge on its head, he says.

The price of crude oil has fallen roughly 40% from its 2022 peak.

Todd Buchholz: In 1979 , inflation raged at 11.3% , inflation raged, gas lines stretched for miles, few predicted the 1980s boom.

He says as the financial system crashed in late 2008 and 2009 , hardly anyone foresaw the technological revolution to come.

Bucholz : Health breakthroughs like GLP-1 drugs could save millions of lives and billions of dollars . The democratization of information empowers individuals and accelerates growth.