Sooner or later, the stock market bubble has to deflate. It can develop a slow leak, with rising inflation gradually undermining real values. Or, it can just go ‘pop.’
Tiresome, Bill. Yes, there are some highly (over) valued companies. But if you peel back the covers, there are a lot of good, boring companies trading at perfectly normal boring multiples as well. And many of them pay nice dividends. I'm a farmer. As we say, the best way to move cattle fast is slowly. Also, the best way to get rich quick is slowly!
Well, no one seems to want to see that the world it is a-changin'. The western hegemony including the US$ is declining rapidly. The BRICS, East and Global South are turning sharply away from the west and its currency. The petro dollar is history but there is now an Iron Ore Yuan. The U.S. got its power by being the manufacturing country for the world after WWII. Then it came it away, started wars all over the world, and failed to realize where power came from. Currently, the US$ or the US military pale compared to the other growing powers. The U.S. makes so little and what other "power" do they have. Simply the US$ for some unknown time because there is so much of it floating around. But most of the world doesn't trust the U.S. and want out of the US$. Sad but reality many times is.
I agree with everything you just said. 100%! This country is screwed beyond all possible words. I voted for trump 3 times and the southern border is still closed. However what I have noticed is 2 themes continue. War and Spending. They will give me the culture wars et cetera and allow the republicans to win those But I believe it's just a distraction at this point My friend It will soon be held in America.
You are correct. There are a good companies out there with good prospects at reasonable valuations. But, a blowup in the AI related space will drag down all companies and will create a liquidity crisis.
The current bubble is unlike the 1999 Internet bubble in one key aspect (IMO). ALL the Mag 7/AI Bubble companies ALREADY produce profitable products and services. Tesla makes a lot of cars. Google has a thriving advertising business, as does Meta. I was using vNidia graphics cards in my Linux PC running geophysics visualization software 15 years ago. Apple makes a LOT of phones, and Amazon sells a lot of everything on their platform. I don't believe ANY of these companies are going to go out of business if/when the AI bubble pops, no matter how spectacularly. This is nothing like Pets.com from the 1990's.
Thank you for having the courage to warn us of the storm—which is going to be far worse than the one you and your wife experienced. And thanks for not censuring or killing the neighbor. The creator of the coming economic storm has made it clear he thinks people like yourself should be destroyed for saying these things, for just warning us.
I think I have a right, but if not, a justification for my bias. I voted 3 times for him 1) because of the lies and utter nonsense of the opposition and 2) because of his promise to create peace and prosperity. Not only has he engaged us in totally unnecessary wars but he has endorsed and financed with OUR money the unconscionable slaughter in Gaza, made enemies all over the world with his repulsive language and tariffs—the latter of which caused a double whammy 50% decrease in the value of the fewer tariff- attacked dollars I now have. On the prosperity front he has destroyed hundreds of thousands of small businesses and farmers. The latter is a triple-whammy at OUR expense: we pay skyrocketing prices for produce that rotted because the thugs we paid to vent hate on farm workers were “successful, then we paid strawberry farmers for their losses. As if that were not enough, we bought the soybeans that couldn’t be forced down China’s throat (100% thanks to Trump-Racist-Hate-Speech). Oh and then WE get to pay more interest on the interest on the increased national debt, thereby reducing our ANTI-prosperity household budget even more. I guess that’s a septuple-whammy. I consider them each to be a storm warning, which calls for “biased”action. Your less-wealthy true believers are welcome to open their hats outside any of his casinos and pray.
the slaughters are all on the warpigs prior to the Orange Man; yes, Biden may be worse
He has made enemies and made some very important friends.: yes, the local, national & int’l criminal, Bibi
This is not unusual for any U.S. President.
Who are the people Ed approves of?: Bill Bonner, truth teller
What are they doing about BRICs? It’s the great world equalizer; not USA killers of 27,000,000 foreign humans
China competition? : already beat us in every category; USA now moving BACKWARD!!!
Space war?: Didn’t you see Japan war parade in Beijing; what differs China is that it’s never dropped a bomb on anyone. Gaza=sick USA
Trade deficit?: #1 country has no need to worry; China accepts local currencies
Illegal immigration? :Was and always should be badge of honor; lack of migrants is China’s weak spot
Domestic riots? : just reflect War monger, hateful USA leadership
Lawfare: REALY dangerous when exercised by powerful President
Reshoring?: Get serious; no one’s coming to go BK here
REE production?
Military readiness?: This is our biggest liability since WWII: 27M dead foreigners and us soldiers and $37T debt now set to grow faster than ever as Trump continues his destructive actions
Investment in infrastructure? BK USA under Trump building NOTHING; go to China where 2.3 billion people while travel cheaply & EASILY just on the HSTs just during this mid-autumn holiday happening now
As with all politicos in power there is much to fear: he’s a bag of hot air.
Trump is no exception, but he also offers much to rejoice.yes, he MAY have ended the slaughter
Invest in any stocks lately?: Never; too old to learn
Perhaps you should.... things go better with money: The USA HST has spent billions w/o carrying its first passenger
Socrates also predicts war. The world is in chaos and re-aligning. Central banks worldwide exchanging fiat currencies (mostly U.S.) into gold. We will see as the U.S. goes into its Weimar phase. Going to be quite a ride.
"Socrates" is not only predicting war, "he" is guaranteeing it. Lately, though, "Socrates" is coming to conclusions while lacking "his" general success at timing. I think your overall contention has merit: trends/threads/products of prior decisions/actions are in flux, some in final phases. Is there really any appreciable difference with regard to which door out of this mortal box we take? Any real difference between a bullet to the head, an horrific car accident, a 1,000 foot fall off of a cliff, or a hyper-thermic nuclear heat wave rolling through? Not that I can see or discern. In the meantime, as you point out, there are all these neat experiences. Best always. PM
I'm listening to Armstrong for 14 years. If he is right and most of the time he is, gold would have to go to 13000 to go to the ratio of 5 to the Dow. If this would happen in my lifetime (I'm old) I don't think I would switch at that point
Why do you use your words to suggest/promote lies... "training federal troops against civilians" ... I suspect you know better and that is a problem. Telling the truth is supposedly the easy route but you choose the road where bullshit tells a lie. Just saying Billy words matter.
Is your point that POTUS in fact did not say that? If Trumps's "our military" are Bonner's "federal troops", and Trump's "dangerous cities" are dangerous because of Bonner's "civilians", then where's the lie exactly?
There isn't a lie. It just those that have TDS (Trump Delusional Syndrome) are only able to see one way unfortunately. It is going to be ugly and getting there quickly. Let's see what happens as the $9.2T of T-bills have to be refinanced. Worldwide, countries are seeing the emperor has no clothes. And, here in the U.S. debt at all levels is out of control. Households, corporations, and governments. Ugh!
You're not broke until your creditor calls the debt. Now, yes, it is true that most creditors expect to be paid, but, if, say, a creditor, or even a string of them, for whatever reason, allows you to go forward without paying in a conventional manner or time-frame, then what? You have debt on paper, but you are still, almost magically, above water. The gallows floor could open at any moment, but somebody has to release the latch (or chop the rope). So far, over the past 50 years, I've been waiting for the creditors to call the debt, but for some reason, the creditors have seen reason not to. Best always. PM
Well, yes... that's Bongo Bill for you. He sprinkles in his vile lies about Trump thinking he will get a pass because he makes some sane points about the current fiscal situation. And his fellow Trump haters love it. Trump is far from perfect, but ridding our cities of criminals is to be commended.
John, let's face it: some will never be able to give President Trump credit because of a viscerally personal abhorrence in them to President Trump's persona/personality, and all that comes with it, preferring something "better". Practical and pragmatic individuals can get past the more (to them) possibly repugnant aspects of the man. I am no fan of Donald Trump the Man, as he was presented, and as he presented himself, over the years; nevertheless, he was the ONLY individual who fought back against the Democrat system that was killing the country. Those who don't like President Trump or his modus operandi would do well to remember that Mitt Romney COULD have done, said, and advocated, as Donald Trump did, thereby avoiding the problem, but he chose not to do so, and we see the result. I heard more than once from people I thought were sane say, "Yes, I know Biden is ruining the country, but, at least, he's NOT TRUMP!" It is ever thus, human nature, broken eggs, omelets, and all that. We may not yet save ourselves. There comes a time when only confrontation works. Best always. PM
Agreed. There are some on this page who, like Bonner, should be getting behind Trump for his deregulation of the economy, efforts to bring manufacturing back to the US while also encouraging energy production and the mining of materials deemed necessary for national security, etc. Then, within that framework, go ahead and criticize what you think he is doing wrong. But then again, some of them don't even believe in the basics - like bringing manufacturing back to the US. These people are totally unhinged with statements like training the military against civilians and taking just about every statement Trump makes out of context.
It should be enough that the progressive anti-industrial, anti-energy, enviro-nazi left is fighting Trump, but a few people with some commonsense are fighting against him because he does not completely reflect their small government, free-market views. The candidate they want does not exist or, at minimum, couldn't be elected. Unfortunately, the American people are a mixed bag and they, in general, are not even close to being small government advocates. Oh, some may talk the talk until it comes to the free handouts they are being given.
Many of the posters we see here are not serious people and their words prove it - however, good luck trying to get them to admit how wrong they are on virtually all things Trump....
Like all fads, trends, and marketing campaigns, the benefits are hyped and over-sold. Ai is a "can't miss", because insiders will make money. The average guy will get "help" in his daily life, but he will also face challenges, even harm, because Ai is beyond his purview in life. I have had Ai deliver me answers, suggestions, and outlines, which I KNOW contain falsehoods and fallacies. It may get better in time, and may even get worse, depending on who/what is at the helm writing the code and what the overall goal is. I don't buy the idea that progress EVER comes about altruistically as something for the general good of mankind. The world doesn't work that way. That said, I perceive your excitement about the potential of Ai and your chances of benefit, and, in that regard, I hope everything you see as good or beneficial to you does actually come to fruition. Just like at The Tub, you pays your money, and you takes your chances. May you roll "7" with Ai. Best always. PM
I didn't mean to imply that Ai (which was inevitable by the way, so we have to deal with it) was created for nefarious purposes, but initially for the advantage of a few as opposed to the many. Being exposed to it does not mean it is a choice or a benefit. It is a phenomenon and a fact. Beyond the idea, I don't understand it, but I will be affected by it. (Same with Bitcoin: iget the idea.)) There's no difference, then, between Ai, or any other technological development that has happened in my life. I hope your assessment of Ai turns out to be right. At the moment, being cynical by nature, I can't join you in your expectation and endorsement, but, if you are right, I'll benefit as well. (The average individual of limited education and intelligence has no real understanding of Ai. To me, this is beyond dispute.) Best always. PM
Paul wrote: "There's no difference, then, between Ai, or any other technological development that has happened in my life."
Paul, this is different... and likely Mr. Bonner doesn't understand either.
Most of us have yet to grasp what Ai is and will do.
It already sews confusion, it already saves lives, it's already part of countless scams, it has already infiltrated into society, and most don't yet know it.
We are setting new advances in sciences at record pace, nanotech creating new materials that heal themselves, cloning human limbs (CRISPR)...
...and we are in a war over it.
We are in a race to the south pole of the moon, another war?
Ai is at the forefront of all of this... and so much more.
In My opinion any "new" thing can be used for good as well as for bad. Think human nature . We know how to do good and how to do evil. Just My opinion which is worth about zero to the "elite".
Right now the "mainstream AI" is not much more than an opiniated, glorified search engine. What is currently state of the art, in-progress is Generative AI, which is a whole different ballgame. Trust me on this - I've been nipple deep in this phase of the tech development for the past 14 months. It's not there yet, but advancements are being made, sometimes daily....
Something not discussed much is the average debt for those who have debt. About 25%, per a chatbt cited pew survey, of American households do not have debt. The more sensational debt numbers are higher per household when considered this way. So, does that mean 25% of households are better positioned than the rest? I say yes. Are they luckier, smarter, more aware? I dont know, but they will fare better than their indebted cohorts. Of course, be sure and look out for tactics of the Federal gubment to soften the consequences of bad financial management by the masses at the expense of those who have been more judicious. This is a given.
Holding cash for Dow/Gold 5 and investing in great companies sounds great, but what happens if we have a mkt crash and a person buys those great companies at Dow/Gold 5, AND then Gold is revalued to $5,000 or $10,000 or more per ounce???? Obviously, I must be missing the big picture but wouldn't it be advantageous (if gold is not revalued before the crash) to wait until the revaluation takes place and then buy those great companies??? I would ask Bill, but like many of you youngsters, I'm on his "crap" list.
“Why, of course, the people don’t want war. Why would some poor slob on a farm want to risk his life in a war when the best that he can get out of it is to come back to his farm in one piece?
Naturally, the common people don’t want war: neither in Russia nor England nor America, nor for that matter in Germany. That is understood.
But, after all, it is the leaders of the country who determine the policy, and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders.
All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.” - Hermann Goring at the Nuremburg Trials.
For obvious reasons, the common man does not want war. He would have to be a sadistic, psychopath to actually want it. So, maybe determining war is easier than Socrates is letting on. We only have to measure the propensity of war among the warlords. Putin, sure, he is for it. Xi, pretty sure a little would take the heat off of their problems, Trump, biggest bully of them all, not very tactful, I don't know. Would he empty the prisons of violent males to use them as cannon fodder, solve a few problems at once? yeah, i can see him doing that. The end result is that powerful people make decisions that kill the least powerful within their own borders. Socrates is not as smart as we want it to be. The signs are obvious. We do not need quantum computing to watch the pages of history turn again, in real time.
Bill, Dan, Tom - the investment recommendations you've folks have made here over the last several years have made a material difference in my life and I've been trying to "pay it forward". I have 35 yrs of IT experience in database administration and am still "heads down" every morning. What can I do for you folks?
Tiresome, Bill. Yes, there are some highly (over) valued companies. But if you peel back the covers, there are a lot of good, boring companies trading at perfectly normal boring multiples as well. And many of them pay nice dividends. I'm a farmer. As we say, the best way to move cattle fast is slowly. Also, the best way to get rich quick is slowly!
Hopium springs eternal. Good Luck!
I can always count on you to keep it real!😂
Well, no one seems to want to see that the world it is a-changin'. The western hegemony including the US$ is declining rapidly. The BRICS, East and Global South are turning sharply away from the west and its currency. The petro dollar is history but there is now an Iron Ore Yuan. The U.S. got its power by being the manufacturing country for the world after WWII. Then it came it away, started wars all over the world, and failed to realize where power came from. Currently, the US$ or the US military pale compared to the other growing powers. The U.S. makes so little and what other "power" do they have. Simply the US$ for some unknown time because there is so much of it floating around. But most of the world doesn't trust the U.S. and want out of the US$. Sad but reality many times is.
I agree with everything you just said. 100%! This country is screwed beyond all possible words. I voted for trump 3 times and the southern border is still closed. However what I have noticed is 2 themes continue. War and Spending. They will give me the culture wars et cetera and allow the republicans to win those But I believe it's just a distraction at this point My friend It will soon be held in America.
Well said! I voted for ol' Trumpster too - all 3 times. Just goes to show why they let us vote! LOL!
You are correct. There are a good companies out there with good prospects at reasonable valuations. But, a blowup in the AI related space will drag down all companies and will create a liquidity crisis.
The current bubble is unlike the 1999 Internet bubble in one key aspect (IMO). ALL the Mag 7/AI Bubble companies ALREADY produce profitable products and services. Tesla makes a lot of cars. Google has a thriving advertising business, as does Meta. I was using vNidia graphics cards in my Linux PC running geophysics visualization software 15 years ago. Apple makes a LOT of phones, and Amazon sells a lot of everything on their platform. I don't believe ANY of these companies are going to go out of business if/when the AI bubble pops, no matter how spectacularly. This is nothing like Pets.com from the 1990's.
Thank you for having the courage to warn us of the storm—which is going to be far worse than the one you and your wife experienced. And thanks for not censuring or killing the neighbor. The creator of the coming economic storm has made it clear he thinks people like yourself should be destroyed for saying these things, for just warning us.
I think I have a right, but if not, a justification for my bias. I voted 3 times for him 1) because of the lies and utter nonsense of the opposition and 2) because of his promise to create peace and prosperity. Not only has he engaged us in totally unnecessary wars but he has endorsed and financed with OUR money the unconscionable slaughter in Gaza, made enemies all over the world with his repulsive language and tariffs—the latter of which caused a double whammy 50% decrease in the value of the fewer tariff- attacked dollars I now have. On the prosperity front he has destroyed hundreds of thousands of small businesses and farmers. The latter is a triple-whammy at OUR expense: we pay skyrocketing prices for produce that rotted because the thugs we paid to vent hate on farm workers were “successful, then we paid strawberry farmers for their losses. As if that were not enough, we bought the soybeans that couldn’t be forced down China’s throat (100% thanks to Trump-Racist-Hate-Speech). Oh and then WE get to pay more interest on the interest on the increased national debt, thereby reducing our ANTI-prosperity household budget even more. I guess that’s a septuple-whammy. I consider them each to be a storm warning, which calls for “biased”action. Your less-wealthy true believers are welcome to open their hats outside any of his casinos and pray.
...the slaughters are all on the warpigs prior to the Orange Man.
He has made enemies and made some very important friends.
This is not unusual for any U.S. President.
Who are the people Ed approves of?
What are they doing about BRICs?
China competition?
Space war?
Trade deficit?
Illegal immigration?
Domestic riots?
Lawfare?
Reshoring?
REE production?
Military readiness?
Investment in infrastructure?
As with all politicos in power there is much to fear.
Trump is no exception, but he also offers much to rejoice.
Invest in any stocks lately?
Perhaps you should.... things go better with money.
...my answers:
the slaughters are all on the warpigs prior to the Orange Man; yes, Biden may be worse
He has made enemies and made some very important friends.: yes, the local, national & int’l criminal, Bibi
This is not unusual for any U.S. President.
Who are the people Ed approves of?: Bill Bonner, truth teller
What are they doing about BRICs? It’s the great world equalizer; not USA killers of 27,000,000 foreign humans
China competition? : already beat us in every category; USA now moving BACKWARD!!!
Space war?: Didn’t you see Japan war parade in Beijing; what differs China is that it’s never dropped a bomb on anyone. Gaza=sick USA
Trade deficit?: #1 country has no need to worry; China accepts local currencies
Illegal immigration? :Was and always should be badge of honor; lack of migrants is China’s weak spot
Domestic riots? : just reflect War monger, hateful USA leadership
Lawfare: REALY dangerous when exercised by powerful President
Reshoring?: Get serious; no one’s coming to go BK here
REE production?
Military readiness?: This is our biggest liability since WWII: 27M dead foreigners and us soldiers and $37T debt now set to grow faster than ever as Trump continues his destructive actions
Investment in infrastructure? BK USA under Trump building NOTHING; go to China where 2.3 billion people while travel cheaply & EASILY just on the HSTs just during this mid-autumn holiday happening now
As with all politicos in power there is much to fear: he’s a bag of hot air.
Trump is no exception, but he also offers much to rejoice.yes, he MAY have ended the slaughter
Invest in any stocks lately?: Never; too old to learn
Perhaps you should.... things go better with money: The USA HST has spent billions w/o carrying its first passenger
... we obviously consume different propagations.
the negativity you regurgitate comes from other pessimists.
Not the people in the know.
-
The media must spew negativity to survive.
No one wants to hear bad news...
...and no one wants to watch good news.
Which wars has he started???
...the "creators" of the perceived storm were many.
Your singular reference reveals your bias.
And yes, the multiple politico creators of this debt have no respect for constituents beyond their singular (and in some cases multiple) vote.
"The creator of the coming economic storm has made it clear he thinks people like yourself should be destroyed for saying these things"
Two obvious low-IQ, indoctrinated LIES in under 25 words. Impressive. Totally IGNORANT and patently WRONG, but impressive none-the-less....
Martin Armstrong’s Socrates computer is not showing a stock market crash.
He says that the Dow could possibly go up to 65,000 by 2032. He says this is due to capital flight out of Europe because of concerns of impending war!
Currently he sees gold, silver, and the dollar going up. I guess time will tell if he’s right.
Socrates also predicts war. The world is in chaos and re-aligning. Central banks worldwide exchanging fiat currencies (mostly U.S.) into gold. We will see as the U.S. goes into its Weimar phase. Going to be quite a ride.
"Socrates" is not only predicting war, "he" is guaranteeing it. Lately, though, "Socrates" is coming to conclusions while lacking "his" general success at timing. I think your overall contention has merit: trends/threads/products of prior decisions/actions are in flux, some in final phases. Is there really any appreciable difference with regard to which door out of this mortal box we take? Any real difference between a bullet to the head, an horrific car accident, a 1,000 foot fall off of a cliff, or a hyper-thermic nuclear heat wave rolling through? Not that I can see or discern. In the meantime, as you point out, there are all these neat experiences. Best always. PM
Using "an" before a word stating with "H." I salute you, sir.....
By now, bro, you know I'm old-school... Best always. PM
Personally, I would choose instant vaporisation.
Yes, it does indeed predict war!
Socrates aside, you can bet there will be a hot war. That will be the way a fascist POTUS stays in power without an election or term limits.
Mister Patrick. The 1st thing a fascist does is collect guns. Learn a little history before you say foolish things
I'm listening to Armstrong for 14 years. If he is right and most of the time he is, gold would have to go to 13000 to go to the ratio of 5 to the Dow. If this would happen in my lifetime (I'm old) I don't think I would switch at that point
I can see that happening due to inflation not because of "value" increases.
Sooner or later we are all gonna die Everyone stop worrying for an hour and do something you enjoy.
Why do you use your words to suggest/promote lies... "training federal troops against civilians" ... I suspect you know better and that is a problem. Telling the truth is supposedly the easy route but you choose the road where bullshit tells a lie. Just saying Billy words matter.
Is your point that POTUS in fact did not say that? If Trumps's "our military" are Bonner's "federal troops", and Trump's "dangerous cities" are dangerous because of Bonner's "civilians", then where's the lie exactly?
There isn't a lie. It just those that have TDS (Trump Delusional Syndrome) are only able to see one way unfortunately. It is going to be ugly and getting there quickly. Let's see what happens as the $9.2T of T-bills have to be refinanced. Worldwide, countries are seeing the emperor has no clothes. And, here in the U.S. debt at all levels is out of control. Households, corporations, and governments. Ugh!
You're not broke until your creditor calls the debt. Now, yes, it is true that most creditors expect to be paid, but, if, say, a creditor, or even a string of them, for whatever reason, allows you to go forward without paying in a conventional manner or time-frame, then what? You have debt on paper, but you are still, almost magically, above water. The gallows floor could open at any moment, but somebody has to release the latch (or chop the rope). So far, over the past 50 years, I've been waiting for the creditors to call the debt, but for some reason, the creditors have seen reason not to. Best always. PM
Probably because they are in the same Boat! Deep in s-h-i-t.
Surface-Level Thinkers and those Indoctrinated into Irrational Hate can always find the Bogeyman that fits their insecurities on the first glance.
Always....
Well, yes... that's Bongo Bill for you. He sprinkles in his vile lies about Trump thinking he will get a pass because he makes some sane points about the current fiscal situation. And his fellow Trump haters love it. Trump is far from perfect, but ridding our cities of criminals is to be commended.
John, let's face it: some will never be able to give President Trump credit because of a viscerally personal abhorrence in them to President Trump's persona/personality, and all that comes with it, preferring something "better". Practical and pragmatic individuals can get past the more (to them) possibly repugnant aspects of the man. I am no fan of Donald Trump the Man, as he was presented, and as he presented himself, over the years; nevertheless, he was the ONLY individual who fought back against the Democrat system that was killing the country. Those who don't like President Trump or his modus operandi would do well to remember that Mitt Romney COULD have done, said, and advocated, as Donald Trump did, thereby avoiding the problem, but he chose not to do so, and we see the result. I heard more than once from people I thought were sane say, "Yes, I know Biden is ruining the country, but, at least, he's NOT TRUMP!" It is ever thus, human nature, broken eggs, omelets, and all that. We may not yet save ourselves. There comes a time when only confrontation works. Best always. PM
Agreed. There are some on this page who, like Bonner, should be getting behind Trump for his deregulation of the economy, efforts to bring manufacturing back to the US while also encouraging energy production and the mining of materials deemed necessary for national security, etc. Then, within that framework, go ahead and criticize what you think he is doing wrong. But then again, some of them don't even believe in the basics - like bringing manufacturing back to the US. These people are totally unhinged with statements like training the military against civilians and taking just about every statement Trump makes out of context.
It should be enough that the progressive anti-industrial, anti-energy, enviro-nazi left is fighting Trump, but a few people with some commonsense are fighting against him because he does not completely reflect their small government, free-market views. The candidate they want does not exist or, at minimum, couldn't be elected. Unfortunately, the American people are a mixed bag and they, in general, are not even close to being small government advocates. Oh, some may talk the talk until it comes to the free handouts they are being given.
Many of the posters we see here are not serious people and their words prove it - however, good luck trying to get them to admit how wrong they are on virtually all things Trump....
Amen sir.
"The benefits to society from AI are going to be gigantic.”
"Probably not, is our guess. Like the dot-com bubble, there are bound to be some useful applications for AI..."
Mr. Bonner needs to get out more... Ai is already making gigantic changes to the world I live in.
Like all fads, trends, and marketing campaigns, the benefits are hyped and over-sold. Ai is a "can't miss", because insiders will make money. The average guy will get "help" in his daily life, but he will also face challenges, even harm, because Ai is beyond his purview in life. I have had Ai deliver me answers, suggestions, and outlines, which I KNOW contain falsehoods and fallacies. It may get better in time, and may even get worse, depending on who/what is at the helm writing the code and what the overall goal is. I don't buy the idea that progress EVER comes about altruistically as something for the general good of mankind. The world doesn't work that way. That said, I perceive your excitement about the potential of Ai and your chances of benefit, and, in that regard, I hope everything you see as good or beneficial to you does actually come to fruition. Just like at The Tub, you pays your money, and you takes your chances. May you roll "7" with Ai. Best always. PM
... this is not just a "fad".
Ai is not beyond anyone's purview.
We are already exposed to a lot of it, user unknown since 2017.
I doubt Ai was created for nefarious purposes.
One can say Ai's manifestation is a great boon for altruistic purposes.
I didn't mean to imply that Ai (which was inevitable by the way, so we have to deal with it) was created for nefarious purposes, but initially for the advantage of a few as opposed to the many. Being exposed to it does not mean it is a choice or a benefit. It is a phenomenon and a fact. Beyond the idea, I don't understand it, but I will be affected by it. (Same with Bitcoin: iget the idea.)) There's no difference, then, between Ai, or any other technological development that has happened in my life. I hope your assessment of Ai turns out to be right. At the moment, being cynical by nature, I can't join you in your expectation and endorsement, but, if you are right, I'll benefit as well. (The average individual of limited education and intelligence has no real understanding of Ai. To me, this is beyond dispute.) Best always. PM
Paul wrote: "There's no difference, then, between Ai, or any other technological development that has happened in my life."
Paul, this is different... and likely Mr. Bonner doesn't understand either.
Most of us have yet to grasp what Ai is and will do.
It already sews confusion, it already saves lives, it's already part of countless scams, it has already infiltrated into society, and most don't yet know it.
We are setting new advances in sciences at record pace, nanotech creating new materials that heal themselves, cloning human limbs (CRISPR)...
...and we are in a war over it.
We are in a race to the south pole of the moon, another war?
Ai is at the forefront of all of this... and so much more.
In My opinion any "new" thing can be used for good as well as for bad. Think human nature . We know how to do good and how to do evil. Just My opinion which is worth about zero to the "elite".
Right now the "mainstream AI" is not much more than an opiniated, glorified search engine. What is currently state of the art, in-progress is Generative AI, which is a whole different ballgame. Trust me on this - I've been nipple deep in this phase of the tech development for the past 14 months. It's not there yet, but advancements are being made, sometimes daily....
Yep. Agreed. Generative AI is amazing. And getting better every day.
I wrote a story about how I "created" some music, with a generative AI app called Suno. That my son thought had no soul. I thought different.
https://lucaskandia.substack.com/p/does-ai-music-have-soul
Something not discussed much is the average debt for those who have debt. About 25%, per a chatbt cited pew survey, of American households do not have debt. The more sensational debt numbers are higher per household when considered this way. So, does that mean 25% of households are better positioned than the rest? I say yes. Are they luckier, smarter, more aware? I dont know, but they will fare better than their indebted cohorts. Of course, be sure and look out for tactics of the Federal gubment to soften the consequences of bad financial management by the masses at the expense of those who have been more judicious. This is a given.
Holding cash for Dow/Gold 5 and investing in great companies sounds great, but what happens if we have a mkt crash and a person buys those great companies at Dow/Gold 5, AND then Gold is revalued to $5,000 or $10,000 or more per ounce???? Obviously, I must be missing the big picture but wouldn't it be advantageous (if gold is not revalued before the crash) to wait until the revaluation takes place and then buy those great companies??? I would ask Bill, but like many of you youngsters, I'm on his "crap" list.
Those numbers didn't add up. At first.
$1.21 Trillion in credit card debt. Divided by 130 Million US households. Is about $9k per household. Here is what Bill's snippet didn't reveal:
Total household debt is $18.2 Trillion. Which is about $136,000 per household. As per Bill's article.
The credit card balances are only about 7% of the overall debt. With mortgages making up the bulk.
Mortgage (one-to-four family) ≈ $12.80 trillion newyorkfed.org ~ 70 %
Home equity lines of credit (HELOC) ≈ $0.402 trillion newyorkfed.org ~ 2–3 %
Consumer credit ≈ $4.9 trillion ~ 27–28 %
— Among consumer credit:
Auto loans ~ $1.7 trillion KPMG ~ 9–10 %
Student loans ~ $1.6 trillion newyorkfed.org ~ 9 %
𝗖𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱 𝗯𝗮𝗹𝗮𝗻𝗰𝗲𝘀 ~ $𝟭.𝟮 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗻𝗲𝘄𝘆𝗼𝗿𝗸𝗳𝗲𝗱.𝗼𝗿𝗴 ~ 𝟲–𝟳 %
Other loans (personal, retail, etc.) ~ $0.5+ trillion newyorkfed.org ~ 3 %
Of course, these are all just averages. Some families have $0 debt. Others, substantially more. Still crazy numbers.
Yup, while Bill may be right, it's hard to take advice from someone who goes out in a severe storm where signs and tree limbs are blown down.
“Why, of course, the people don’t want war. Why would some poor slob on a farm want to risk his life in a war when the best that he can get out of it is to come back to his farm in one piece?
Naturally, the common people don’t want war: neither in Russia nor England nor America, nor for that matter in Germany. That is understood.
But, after all, it is the leaders of the country who determine the policy, and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders.
All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.” - Hermann Goring at the Nuremburg Trials.
For obvious reasons, the common man does not want war. He would have to be a sadistic, psychopath to actually want it. So, maybe determining war is easier than Socrates is letting on. We only have to measure the propensity of war among the warlords. Putin, sure, he is for it. Xi, pretty sure a little would take the heat off of their problems, Trump, biggest bully of them all, not very tactful, I don't know. Would he empty the prisons of violent males to use them as cannon fodder, solve a few problems at once? yeah, i can see him doing that. The end result is that powerful people make decisions that kill the least powerful within their own borders. Socrates is not as smart as we want it to be. The signs are obvious. We do not need quantum computing to watch the pages of history turn again, in real time.
Bill, Dan, Tom - the investment recommendations you've folks have made here over the last several years have made a material difference in my life and I've been trying to "pay it forward". I have 35 yrs of IT experience in database administration and am still "heads down" every morning. What can I do for you folks?
President Lincoln sent Federal troops to Baltimore and also took charge of Maryland.
Who is this WE, and who is this Our? As the saying goes , you have a frog in your pocket or a turd in your pants?