@JoeCarlasare You’re obviously new to this, Joe. Pay attention to the divergence between payrolls and unemployment. Unemployment hit a 4-year high at 4.4% and odds of a December rate cut just went up on Polymarket. That NFP number will be hammered with a downward revision.
@stackhodler@mikealfred Agree on all except the deflationary nature of AI being bad for the relative value of a $. More AI = less labor = lower costs = lower prices = higher relative value of USD. Whether the US gov deserves it or not, AI is their saving grace against the debasement trade / debt spiral
@stackhodler@mikealfred Agree on all except the deflationary nature of AI being bad for the relative value of a $. More AI = less labor = lower costs = lower prices = higher relative value of USD. Whether the US gov deserves it or not, AI is their saving grace against the debasement trade / debt spiral