A Backwards History of Money

The pattern of media reports – based on White House leaks – that an agreement with Iran is almost completed has become predictable. Where once the markets fluctuated wildly (and some insiders made huge profits with the information), each time we hear that the deal is almost complete only to see it fall through, the […]

Is Credit Whispering, Or Screaming? By Peter Tchir of Academy Securities Is Credit Whispering? Or Screaming? For the past couple of years, it has been relatively safe to assume credit is well behaved and relatively range bound. It is unclear if that remains the case. We may be in a situation where the AI spend, the AI displacement, and the Working Poor are forming a storm of some sort. How severe remains to be seen, but for the first time in a while it is a real concern for me. My inclination has been...

AI Doomsday Warnings Distract From More Imminent AI Concerns Authored by Daniel Nuccio via The Brownstone Institute, AI is everywhere. It’s getting incorporated into everything. That’s simply progress, we’re told. And therefore we need to embrace it, lest we look like a Luddite and let China win (whatever that means). Yet, simultaneously, a lot of people also are afraid because of AI. Very afraid. And sometimes, we’re told that we should be afraid too. However, in public discourse surrounding AI, there often can be a lack of detail regarding what specifically we’re...