First Andreessen, Now Goldman CEO Shuts Down AI Job-Apocalypse Doomerism Narrative

Trump Bats Down Critics As Iran Deal Gets Close: 'Exact Opposite' Of 'Amateur' Obama JCPOA Update(1345ET): Both sides are continuing to be mostly tight-lipped in terms of offering confirmation of what precisely is in the deal, with President Trump having earlier said he's in no hurry. But this weekend contains some of the most positive momentum towards an actual peace deal and extended ceasefire to date. Per some of the latest from NYT: Iran’s leaders or official state media have not publicly commented on what is in any potential agreement or...

Europe's Deindustrialization vs America's Quiet Investment Boom Submitted by Thomas Kolbe German Chancellor Friedrich Merz appears disoriented, whiny-apathetic, and remarkably weak in leadership these days. Perhaps the chancellor senses that the project of his political generation is entering its final phase. Is he aware that the construction of eco-socialism has failed? That both his reckless debt policies and Germany’s rapid deindustrialization are consequences of this ideological insanity? The fact that Friedrich Merz still found the audacity — despite the catastrophic domestic political and economic situation at home — to publicly accuse...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...