"Hubris Generally Precedes Clusterf**k": Does It Smell Like Victory?

Services Sector Survey Surge Sparks US Growth Rebound Hopes In August After a relatively ugly series of disappointing macro data - and a hectic week of interventions - preliminary August data from S&P Global's PMI survey was expected to signal a slowdown in growth for the US economy (but still growth). But, the respondents had other things on their mind as while Manufacturing slipped, the Services sector of the economy soared Flash US Services PMI Business Activity Index: 56.8 (July: 54.6). 20-month high. Flash US Manufacturing PMI: 53.2 (July: 53.9). 5-month low.  “US business...

New Dementia Cases Projected To More Than Double Globally By 2050 Authored by Naveen Athrappully via The Epoch Times, The number of new annual dementia cases worldwide is estimated to increase more than twofold by 2050 from 2023 levels, according to a recently published peer-reviewed study. Published in the JAMA Neurology journal on Oct. 12, the study analyzed data from more than 38,000 individuals across 18 nations and territories. Based on the calculated incidence rate of dementia, the researchers estimated that in 2050, there would be 24.7 million new cases worldwide, up by...

Beijing Moves Down The AI Stack: After GPUs, China Is Coming For Broadcom's Switches Xi Jinping lands in Washington for a state visit today, but as Bloomberg sums up the mood in one line: the two leaders "may find common ground on AI safety, but neither is willing to give ground in the technology race." And right on schedule, the FT reports that Beijing has started counting Broadcom switches. According to the FT, China's State-owned Assets Supervision and Administration Commission (SASAC), which oversees the country's state-owned companies, has spent recent weeks surveying...