Corrections Vs Bears: How The Fed Rewired The Market

AI's Core Flaw: "Mass Regurgitation Of Misinformation" Authored by Charles Hugh Smith via OfTwoMinds blog, These immense hidden costs will not show up in GDP until they collapse the entire house of speculative gambling cards propping up the global economy. I approach all AI topics with several things in mind. One is the nature of problems, which implicitly define what qualifies as solutions, and the resulting incentive to define the "problem" such that the "solution" happens to be the one we own and control. So the "problem" AI solves is "corporate profits are too low," and so...

Paris Deputy Mayor Blames US Air Conditioning For French Heat Wave The peasantry is not allowed to have creature comforts, otherwise, they might start thinking like free men.  So, let them eat cake (and fight each other over the last few box fans).   As we covered last week, over 1.2 million tourists have traveled to each US city hosting a World Cup game, and the resulting culture shock has gone viral across social media.  Notably, European visitors have been surprised by American infrastructure, hospitality and, strangely, air conditioning.  Apparently, European media and...

A 12-year-old boy was among at least seven Palestinians reported killed by Israeli attacks across Gaza on Thursday, as the Israeli military continues its constant violations of the US-backed ceasefire deal. The boy, identified as Adnan Tariq al-Qrinawi, was hit by a bullet while playing outside near his family’s residence in central Gaza, according to […]