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is Merk's mission

Is the AI investment craze like the dot com bubble?

Imho no — back then it was mostly private money pushing up valuations — losses were absorbed by speculators.

In contrast, building AI infrastructure is very expensive.
wsj.com/tech/ai/ai-bub…

Ouch... AI is making us less productive
"workers reported spending an average of one hour and 56 minutes per incident dealing with low-quality AI outputs"
gizmodo.com/workslop-ai-ge…

Uzbekistan just made headlines with one of the world’s largest aircraft orders. Isn’t Uzbekistan the main Russia sanctions evasion hub? When sanctions eventually lift, wouldn’t that trigger a post-war bust—and many of these jets may never be delivered?

Prices keep going up because consumers keep paying as prices rise, @Marketplace says — that’s the quintessential definition of 2nd round effects and suggests the Fed is making 1970s style mistakes

Forward guidance alive and well.

Hint: that’s not a compliment. x.com/deitaone/statu…

The $5mm "Platinum Card" that was announced on Friday and allows holders to be in the US up to 270 days without having non-US income subject to US taxation could be attractive to the world's uber-wealthy if it includes that it does not make card holders subject to US estate

“Managing inflation expectations is a bit like a parent enforcing bedtime” 👍 x.com/nicktimiraos/s…