Doomerism: “The Art of the Doomer”
Many people focus on negativity, gloom and doom. We see this in many communities, especially online: – those who talk about the economy are non-stop gloom and doom – those…
Government: High income earners fled high tax states during Covid restrictions
New York and California lost over $90 billion in income during Covid, according to new IRS data. It accelerated the trend of high-earners relocating to lower-tax states like Florida and…
Retirement: Most current retirees receive “guaranteed” pension incomes, but this is changing
More than half of current retirees receive a pension income but new retirees rarely have pensions now.
Follow up: CNBC’s Jim Cramer’s stock positions
Cramer's expert stock picks are slightly worse than a coin toss, and some are spectacularly wrong.
Economy: Bank of England Chief Economist says to accept that we are all poorer now
The Bank of England Chief Economist says to accept that we are all poorer now due to inflation.
Crime, Security: Property Crime seems to run rampant in major U.S. cities
Portland, Oregon San Francisco Elsewhere An increase in shoplifting crime is blamed on An increase in shoplifting and property vandalism are reportedly spreading to other countries. Recent crime data itself…
Energy: “California utility companies propose charging customers based on how much money they make”
Three major utility companies in California are looking to restructure customer billing, and part of that means customers could be charged based on how much money they make. Source: California…
Automation, Demographics: Generative AI Could Raise Global GDP by 7%, productivity by 15%, and affect 2 in 3 jobs
Goldman-Sachs predicts significant economic and job impacts from generative AI technology over next ten years: Generative AI Could Raise Global GDP by 7% Over the next ten years, 2 in…
Climate oops: Canadian government study
Let’s pause there for a moment: 6.6 per cent after 80 years is a very small number. Canada has set out ambitious economic growth plans based on high levels of…
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:…