Berkshire hoards cash while AI spending keeps the recession hidden. The economy looks steady but is not.

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Berkshire Hathaway’s cash is now 30% of its total assets, the highest in its history. The company holds $344 billion in cash because it sees few good places to invest. Without heavy spending on AI, the economy would already be in a recession.
https://www.reuters.com/sustainability/boards-policy-regulation/berkshire-takes-38-billion-kraft-heinz-write-down-operating-profit-falls-2025-08-02/

Berkshire also took a $3.76 billion loss on its stake in Kraft Heinz, causing net income to drop 59% this quarter.
https://www.reuters.com/sustainability/boards-policy-regulation/berkshire-takes-38-billion-kraft-heinz-write-down-operating-profit-falls-2025-08-02/

TGS Logistics, a California trucking company, shut down after 40 years, blaming tough market conditions.
https://www.ccjdigital.com/business/article/15752055/tgs-logistics-shuts-down-after-40-years

The generative AI boom looks a lot like the dot-com bubble. Massive spending, high valuations, retail frenzy, and nearly all startups focused on AI are masking a weak economy.
https://www.marketwatch.com/story/as-stocks-soar-talk-of-a-bubble-is-making-a-comeback-on-wall-street-should-investors-be-worried-dadfed10/

Berkshire’s huge cash pile, the trucking firm’s closure, and AI’s unsustainable spending mask an economy weaker than it appears.