Follow up: ChatGPT will not transform economy
A prediction, too early to follow up but given his track record, we can assume this forecast will not be true. ChatGPT Won’t Transform the Economy in the Next Decade:…
Automation: “ChatGPT Will Impact Educated, White-Collar Workers”
For the past 40 years, economists, who frequently have tenured, guaranteed for life jobs, advocated for outsourcing/offshoring work and bringing in more immigrants to replace, what were mostly blue-collar workers.…
Yes: “Is there a drop in software engineer job openings, globally?”
Peak hiring was back in 2021 and early 2022, but since then there has been a steady and fairly shop reduction in software engineer/software developer job openings
Economy: Federal Reserve interest rates over time
This chart illustrates how the Fed got way behind on interest rates, will a crushing rapid rate hike sequence. The chart also shows how much worse things were when peak…
Follow up: NY Times-“The evidence that high inflation is coming is weak”.
It takes a special kind of expert to be wrong more often than a coin flip. Here, the NY Times tells us in Feb 2021 that inflation will remain low…
Business Oops: How could anyone have seen SVB’s collapse coming?
Raging Ventures saw it coming and posted the details on Twitter on January 18, 2023, two months in advance of the collapse. Why were Federal banking regulators hibernating all winter?
Demographics, Economy: Subscriptions everywhere
In a low fertility rate, declining population growth and eventually shrinkage, businesses can no longer depend on the traditional expanding market for their products. Instead, we move from the purchase-and-ownership…
Follow up: “The winter COVID wave that wasn’t”
Despite projections the U.S. could see more than 100 million COVID-19 cases this fall and winter, the country did not experience a true winter wave for the first time. Source:…
Follow up: Forbes says SVB one of America’s Best Banks
And did this just 3 days before the bank collapsed. Experts rule! Seems likely that SVB will be declared “Too big to fail” and taxpayers will bailout the bankers and…
Follow up, Economy: How to turn $320/share into $0/share using this one weird trick
The trick is to listen to Jim Cramer – who pushed SVB stock just a month ago. Today the company is no longer in business. Cramer is an investment clown…