Did this happen in the last government shutdown that went on for a month or so? Serious question, idk.
No, it didn’t.
It’s also irritating that the current admin using the peak of COVID-era inflation to continue manipulating the American people that they brought inflation down when it was already leveled out as the admin took office.
Also, and alluding to @FormerShasta 's post… Let’s just state the facts. This shutdown happened to delay the swearing in of the Arizona Congresswoman. That’s it. We know this because there is clearly an effort now to extend ACA subsidies.
Thus - the shutdown was a gigantic waste of time, and the current admin has nothing to show for it anymore if they extend ACA subsidies.
Transparency:
- Provide actual inflation statistics at time of administration transition
- Provide all job reports
- Provide medical / MRI reports
- Provide unredacted Epstein files with exception to victim’s names
They have cancelled the jobs report, GDP report and now the inflation report. Nothing to see here at all, if the numbers were good they would share them.
In Argentina, the government manipulated the inflation rate (who here keeps saing infkation has been beaten?) Economists went rogue to calculate the real rate, and people lost trust in the numbers.
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"It is with a heavy heart that we announce Howard’s will be winding down operations. Despite our best efforts to overcome tariffs, declines in consumer spending, and other macroeconomic challenges - we have made the difficult decision to file for bankruptcy and close our doors. This was not a decision made lightly, but one that became necessary given the current economic landscape.
Most transparent administration of all time
Release the files
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WELLS FARGO CEO CHARLIE SCHARF SAYS CONSUMER SPENDING CONTINUES TO BE EXTREMELY STRONG: GOLDMAN SACHS FINANCIAL SERVICES CONFERENCE
ADP: PRIVATE EMPLOYERS ADDED 4,750 JOBS PER WEEK
Both posted on X this morning
Squawk Box
Doug McMillan, CEO, Walmart said consumers have been consistent but pressure on the lower end. He also mentioned “lower inflation”
walmart-ceo-doug-mcmillon-on-the-consumer-theres-pressure-on-lower-income-households.html
Mike Wilson - Illegal immigration depressed wage growth for the middle & lower income wage earners
/09/morgan-stanleys-mike-wilson-the-fed-has-more-room-to-cut-next-year-than-people-think.html
As long as the pressure is on the lower end income people, we will probably be
okay.
/s
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As long as repatriation can keep a 2,000,000 annual pace, wages should be better for the low and middle class.
Saw they reopened an inactive blast furnace in Pittsburg.
Howard Marks is one of my favorite investors. His latest memo discusses the AI spending boom
Who will be the winners, and what will they be worth?
What’s a share in an upstart worth?
Should we worry about so-called “circular deals”?
What will be the useful life of AI assets?
Marks — (On this subject, I’ve been enjoying articles questioning the ability of people to relate to the word “trillion,” and I think this idea is spot on. A million dollars is a dollar a second for 11.6 days. A billion dollars is a dollar a second for 31.7 years. We get that. But a trillion dollars is a dollar a second for 31,700 years. Who can get their head around the significance of 31,700 years?)
The “winners” will be FAANG+ Microsoft.
Not because they are going to be responsible for turning AI into AGI, but rather because AI (as we know it today, such as LLMs and Photo/Video generation) compliment their other products. They also have balance sheets from other products to hedge their AI losses.
Startups, both small and big, that merely rely on AI or are perhaps “AI brokers” will not win the “AI race” unless one of them reaches AGI.
AGI will change everything, but as of today, there is no evidence that AGI will be reached. Investors may also pull out of the bubble if they don’t make ROI within the next couple of years, in my opinion.
Everything else is true.
Nvidia and AI companies benefit (for now) on circular deals because it maintains this revenue, that is, completely unsustainable in the aggregate.
Useful life of AI assets will be whatever generates profit
AI 2025 = Internet 1995
Some winners, lots of losers
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Internet 1995, in 5 years the bust happens
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Internet was tangible, profitable, and had a function.
The internet and the dot com bubble are two separate phenomena.
The AI bubble is more parallel with the dot com bubble
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That was inferred.
The bubble happened but it didn’t kill the internet.
Do you just randomly believe things that aren’t true?
You know what this economy needs? A new shortage in global oil that will raise costs even more. That would be great. /Sarcasm
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