I don't think our farmers agree that the economy is "quite solid." |
Actually, she didn't. |
Entertaining it would require reading it first -- so the problem actually is worse than you say. |
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I don't know about a crash. I'm expecting more of a slide into the 1970s muck of stagnant growth, stubborn inflation and a labor market where available jobs did not align with the skills/locations of the un/underemployed.
Tech and financial companies will consolidate and the winners will leverage AI to slash labor costs, monopolize markets and accumulate trillions in value. The 5% at the top will note that they never have had it better (true!). |
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I mean what could go wrong with the stock
Market? Nothing. We are doing great. |
I also we all overestimate how important a good logical and sound argument is to the average person. Most people are convinced by emotional and social reasons as much as logic, ifnot more. |
And instead they take truth social and fox and Carolyn l as verbatim without even bothering to see they have lies or no facts. Fox is parroting her claim today that Trump has brought in more foreign investment than our entire gdp!?! |
Farm numbers are quite good and profits are fat right now if you are not selling to China. All farmers do not rise and fall at the same time. |
If you said the top 80% I would agree with you. There is nothing out there that suggests a 1970s repeat. You are making the up the same as the gold guy. |
| For DC, absolutely. We just temporarily plateaued, but the real estate market is going down hard this time. I’m sad. I love this city. |
How will it affect stocks? |
| Bump. |
The labor market impacts are hitting now. https://bsky.app/profile/atrupar.com/post/3m257r33ooa2d Disagree about the AI savings- that bubble is months away from bursting. Gonna be a wild ride folks. |
+1 All these companies' super-inflated numbers are based on best-case scenarios about savings and productivity boosts they're sure to see soon from the huge amount of money they've sunk into AI, and in 95% of cases it doesn't provide any measurable financial benefit at all. https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/ |
Also a physical and monetary impossibility to build what these companies have said they are going to build. https://www.wheresyoured.at/openai-onetrillion/ The way this has played out with these fake future contracts pumping up the stock values of Nvidia, Oracle, and a few others, cycling around from one to the other, is just crazy. The top of the market will see massive corrections. |