Category Posts

AI Melt-up to Meltdown

AI is already smarter than the average human. Next stop, Chimpanzee... Where to begin... When OpenAI was founded ten years ago it was intended to be a non-profit organization scrutinizing the work of the AI industry to ensure the best outcomes for society. As has been thoroughly documented in the book Empire of AI by Karen Hao, over time OpenAI morphed from a non-profit to a partial profit to a take no prisoners porn purveyor which is where it is now. The safety concerns tha

Oct 30, 20254 min read

The Bubble Is Bursting

Let me be the first and only pundit to acknowledge that the Artificial Intelligence super asset bubble is officially imploding. It's all falling apart while investors are celebrating. Reading this, GOP acolytes will assume that I blame Trump for all of the problems. I don't, I blame rampant ignorance for this collapse, putting Trump at the epicenter. He is joined by his entire economic team, financial media pundits, Wall Street, Silicon Valley, and the masses at large. Trade

Oct 24, 20254 min read

Here Comes Deflation

Investors are aggressively positioned for rate cuts, because no one told them that rate cuts in a depression are not bullish. On Wall Street there can be no such thing as a reason to sell stocks. First off, let's start with the definitions for inflation versus deflation because people generally get hung up on these definitions based solely upon their own personal experience. By inflation I mean an economic scenario in which prices in the economy are rising faster than middle

Oct 21, 20253 min read

AI CRASH MODE

In my last blog post I asserted that the pressure is off me now because Andrew Ross Sorkin who was formerly a writer at the WSJ and is now a morning commentator on CNBC, just asserted that this current market is reminiscent of 1929. However, what he didn't predict was when a crash would arrive and how big it would be. Which I thought was lame, and demanded further analysis. Let's start by saying that the magnitude of any crash whether it's 1929, 1987, March 2020, or even Apri

Oct 16, 20253 min read

1929 AI Crack High

It's unfortunate that global central banks happen to be easing into the apex of the largest Tech bubble in world history. But you trade the market you're given, not the one you want: "Artificial intelligence and technology have contributed to a remarkable boom in recent years. But, Sorkin said, today's economy is being propped up by the AI boom, and it's too soon to tell if this is a sugar rush, a short-term and unsustainable boost to the markets. But, Sorkin is positive ther

Oct 13, 20253 min read