Futures Rise, Oil Drops On Report Of Ceasefire Push

29% Of Americans Have Finally Figured Out The Problem... 71% To Go Authored by James Hickman via SchiffSovereign.com, A new Gallup poll finds that 29% of Americans now say government itself is the country’s biggest problem. That’s a higher percentage than people who think America’s biggest problem is the economy. Or immigration. Or inflation. Think about that for a moment. The institution whose entire job is to solve problems has become, in the eyes of the public, the single biggest problem of all. Joseph Tainter described exactly this phenomenon in his 1988 book, The Collapse...

Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)... Source: Bloomberg Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)... Continuing jobless claims also...

What AI Doesn't Know - And Why It Matters Authored by Richard Porter via RealClearPolitics, Artificial intelligence has taken the wired world by storm, but the backlash came almost as fast. Progressives complain of job losses, environmentalists question the ecological impacts of huge data centers, and local activists are clamoring for assurances that household utility bills won’t skyrocket because of the centers’ voracious electricity requirements. Others simply worry that the technology will overwhelm humans’ ability to control it. At least in part, these reactions stem from the overselling of AI. AI is super...