1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey

No Real People Were Polled: AI Is Now Fabricating What "The Public Thinks" The other day Axios ran a piece that cited "findings" that a majority of people trusted their doctors and nurses. Turns out, those "findings" were completely fabricated by a company called Aaru - using AI (causing Axios to issue an editor's note and 'clarification')Aaru uses something they call "silicon sampling," where large language models (the AI) can emulate humans at a fraction of the cost and time required for traditional polling, the NY Times reports. Silicon sampling isn’t polling. It is the outright fabrication of public opinion by...

The Low VIX Hides Fierce Undercurrents Via RealInvestmentAdvice.com, Goldman Sachs’ volatility desk made the following comment: “With the VIX back to its lowest levels in more than a month, our Vol desk is focused on hedging opportunities as 1-month S&P implied correlation is near its lowest level in 20 years.”  Simply, a low VIX can convey a sense of market calm on the surface, yet implied correlation tells a different story. The VIX, based on option trading data, measures the implied volatility of the S&P 500 index. A low VIX means traders expect the market...

Trump Claims Firefighters Rescued Him From 9/11 Ground Zero: "Got To Get Out Of Here!" President Trump has already attracted immense controversy when starting last month it became clear he is planning to hold Sept. 11 observances at the Pentagon, which was also struck. He's not planning to attend the more traditional ceremony and venue in Manhattan for the 25th anniversary of 9/11 in part because he wants to deliver a speech, says the NY Times; however, the event organizers have long barred remarks, seeking to keep it non-political and...