Well…not good for paid grifters like you…
Now it’s time to sober up after that long overdue economic victory:
Stiglitz da’ man!
Tariffs being lifted will help the global economy…AI hype and overinvestment not being worked out yet will hurt it [that was a case of a lot of money being thrown into burn pits]…Stablecoins (provided they are conservatively audited by very reputable accounting firms!) will help [because of an increased velocity of money supply]…
Suffice it to say: this year is a real economic storm that we will have to ride out!
Perfect Storm: Big Wave Scene (link…)
[I once was on a Ferry near Sable Island and Nova Scotia. A tanker had gone down earlier that day. Things were crashing all over the boat. I asked a crewmember walking by me: “Is this normal?” He didn’t say a word -I think he thought at the time that we might be going down…]
Extremely well-regulated stablecoins could conceivably save our economic asses…
Re: +150 days tariff…
We just might have to wait him out; at this point it’s a hostage situation. It might help some Repubs to get some courage to throw down with an impeachment…
Simply off their fucking nuts…
VERY Good Discussion of Tariffs!
Meidas Touch: UH OH! Trump makes FATAL ERROR after TARIFF RULING!! (link…)
You will note Luttnick has not been making appearances during all this! They know it would be disastrous after the reveal of his being a brazen and incompetent liar. So they can’t afford to admit his hire was a bad idea, so they keep him in a closet somewhere?
Man, can’t wait for them to get Trump’s impeachment in the bag. Before now they would spout that the [BLANKET] tariffs were actually helping Americans. Now that they can’t do it, they are thinking about embargoes as opposed to working with Congress? The sadism against “Poors” is just not even being concealed anymore…
Apple is having a suite of announcements next week. Guess what will be front and center? ApplePay -which would compete with Dorsey’s business line.
So Dorsey is just doing what most of Wall Street is: layoff, say it’s due to AI productivity, stop building (just make it look like you’re building…), hoard cash/metals/whatever, and sit it out in a bunker with the rest of the C-suite.
Dorsey is a smart cookie -he knows what AI can and can’t do.
There are also some regulatory headwinds looming in Congress for stablecoins; that might be another reason for Dorsey’s going off to the bunker. [And before anybody dismisses stablecoins as another scam: I advocate for ones that are audited by longstanding reputable accounting firms, like Circle does -THAT’s what should be required in any Stablecoin legislation. Banks can have a fraction of their reserves on account -stablecoins have to have the full amount on reserve!]
To recap: What can AI do? [now -not in the future-will-be-great…]
It can audit human actions and security logs. It cannot come up with new code ideas (it can only distill what things it could from what it saw on the Internet…) It is NOT creative; not really generative.
Catching errors or intrusions? NOT the sexy+easy service that the tech monopolies want to sell! Companies want new things built much more than security improved. Contrast in the past 10 years the outlays by companies on computer security+code auditing vs. development of new services and products! No quarter was ever spared for the latter!
The tech bros’ are capitalizing on the ignorance of companies that need to build things, for hard cash profit. We are entering a new era where little is being built -other than stuff built autonomously by AI that has a raft of bugs and security exploits lurking in them which would be extremely costly to isolate and repair…
The author here is confusing the cause and effect:
Bitcoin’s [previously stratospheric] price is just an indicator of investors having money to play with; it does not determine the outcome of the equity markets.
Trade does…
<joke>Must be due to AI efficiency increases!</joke>
NC furniture maker is going out of business, lays off 200 near Greensboro (link…)
In all seriousness: condolences to those workers. Trump’s a freaking nightmare…