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Car sales slowing, used car prices dropping, delinquency rates rising. 🚗

Why did the Citrini 'doom report' painting an AI deflationary spiral scenario tank the market?

Maybe because if there's enough fearmongering, politicians will "come to the rescue." And with the government to help - I trust the doomsday predictions may well play out.

In the bucket of 'you can't make this stuff up' -- there's going to be "more competition" on credit scores, and mortgage brokers that offer government guararnteed mortgages (i.e. don't take risk themselves can choose which scores to use when underwriting.
wsj.com/opinion/washin…

"Tehran is deploying its forces, dispersing decision-making authority, fortifying its nuclear sites and expanding its crackdown on domestic dissent. The moves reflect its leaders’ belief that the survival of the regime itself is at stake."
wsj.com/world/middle-e…

"The elderly are physically and financially healthier than ever. So why do their needs keep taking priority over younger generations?" @WSJ's @greg_ip asks.

Good question.

My answer: the elderly vote 🤷‍♂️
wsj.com/economy/over-6…

"The constraint in the world is not that we don’t have enough resources. It’s that we don’t have enough character."
Bookmark for when you have an hour. Wait, no, take the hour now - an incredible interview 👇 x.com/p_m_robinson/s…

How to fight the California billionaire's tax on the ballot?

Building a Better California said Tuesday it is supporting three ballot-measure campaigns.

1) "ballot measure that would bar retroactive taxes, as well as banning new taxes on personal property, including retirement