@JacobShap@Geo_papic In perhaps related findings... being chased by dogs en route to school activates adrenaline, cortisol, and endorphin release, biochemically elevating states of mood.
Danny, it gets worse...
Fom Bradsher at the NYT: "In the last few years, Nvidia and other semiconductor manufacturers have changed the material used in electricity management devices, called capacitors, on chips to make them more heat resistant. The capacitors are made from ultrapure
dysprosium, which is extremely difficult to refine. A single refinery in Wuxi, near Shanghai, produces the entire world's supply of ultrapure dysprosium. That refinery is controlled by Shenghe Resources, a Chinese company whose biggest shareholder is China's Ministry of Land Resources. Shenghe acquired an 86 percent stake in the refinery on April 1 from a Canadian company, Neo Performance Materials."
An aging demography yields structural inflation.
In that light, longevity, once long-duration sci-fi, mutates into a short-term imperative, a near-field shock to economics, policy, and capital.
@MikeIppolito_@WestieCapital When the steward of the furnace speaks, donβt mistake it for divination, but a linguistic chess move to buy time while balance sheets smolder.
Nvidiaβs Q2 is respiration. Physics bans infinite growth, it doesn't disallow empire. Product cycles shorten, ecosystems lock in, trillions flow like molten ore. Not dot-com froth, but cognition smelted into steel.
Income tax, the covenant of flesh: tribute on toil, tithe on sweat. Once the machines inherit the labor, the covenant dissolves, tithe evaporates. The state, unable to feast on phantoms, tips it's crown and enters the marketplace, coin for circuits at the stalls of machine lords. And the vertigo: the fall in tax receipts, not an isolated fracture; a full cascade, dominoes clicking in sequence until the scaffolding of governance mutates beneath our feet.