Money versus Monetary Policy

Forcing AI companies to provide their own power doesn’t get at the root of the issue, which is that the resources we use to generate electricity are scarce.

US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb After reaching a record low last month - with the decline blamed on weather - pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior). Year-over-year home sales continue to decline (down 0.6% YoY)... Source: Bloomberg ...just barely off of all-time-record lows... Source: Bloomberg Pending home sales in the South, the biggest home-selling region in the country, increased 2.7%. They rose 4.6% in the Midwest and edged up in the West. Contract signings dropped in...

As is becoming clearer from President Trump’s own statements and those of his staff, along with press reporting, the US has launched a major war without the input of the experts we pay to advise the President on such matters. The State Department, Pentagon, National Security Council Staff, Defense Intelligence Agency, and NSA were simply […]