@dotnetschizo COVID exposed how much office work was unnecessary theaterโwe all went home and nothing broke. Now LLMs are automating that same work, closing the loophole. "Actually By the look of that, we all need to physically be at a certain place together to get this work done."
@TXMCtrades While liquidity is supportive it pools to the current narrative. AI is a great story and the numbers are currently backing it. Competing crypto thesis are gaining real traction (quantum resistant privacy, stablecoins).
@rohanpaul_ai Your body performs 10-100 sextillion chemical operations per second โ about the number of observable stars in the universe. happening inside you, every single second. That's a lot of compute
From 2009 to today, businesses have not been allowed to fail in the United States.
Yes, in narrow verticals there has been hardship and even some business failures eg restaurants during covid or importers from 2022 through 2025, but these have been the exceptions not the rule.
Low to zero interest rates, PPP money, Employer retention credits, EIDL loans, stimulus checks, $600/week extra unemployment, extend-and-pretend loans, billion dollar covid loans to megacorps, 2023 FDIC infinity guarantee, and even millions of migrants who were provided with spending money.
There has been a historical amount of economic support and stimulus for businesses any time there was a threat of large scale job loss and business failure.
There has not been sustained demand destruction since 2008.
I think that changes now.
I'm not saying the stock market is going to go down. I've gotten that prediction wrong before.
A massive amount of money is going to be printed in response to the coming economic headwinds originating out of the hurricane in the Middle East.
But you cannot print energy.
And money printing, especially on the demand side, does not solve shortages. It can even make them worse.
If you're going to print money, it should be allocated to accelerated-permit nuclear power plant construction, solar panel purchases, building useful infrastructure, etc.
But that's not really how populist politics works.
When peoples' bills rise, they want money now, which will only make the problem worse.
@calvinfroedge Saying you don't know how things work without saying you don't know how things work...if energy prices stay elevated it would be extremely DEFLATIONARY. higher rates, compressed margins, lower consumption.
I donโt think you understand how catastrophic the oil refinery bombing in Tehran is.
Burning petroleum releases sulfur and nitrogen oxides that mix with rain to form sulfuric and nitric acid, essentially turning rainfall toxic.
When Saddam burned Kuwaiti oil wells in 1991, the fallout contributed to what became known as Gulf War Syndrome, with veterans developing chronic illness and cancer decades later.
The difference now: this isnโt a desert battlefield, itโs a city of 10 million people, most of which women and children.
Citriniโs article is very simply summarized by an undeniable truth Iโve been talking about for a long time.
The economy runs on inefficiencies.
Informational, cognitive, infrastructural, coordination.
Most of these inefficiencies exist because human bandwidth is tiny relative to computer bandwidth. We process slowly, transmit context poorly, forget, misinterpret, and degrade information every time it passes from one biological brain to another. Entire sectors exist to buffer, reconcile, verify, route, and insure against those limitations.
When silicon brains begin to replace biological ones, those inefficiencies dissipate because the underlying constraint disappears. Information can be processed continuously, decisions can be updated in real time, coordination can occur at machine speed, and large classes of friction embedded in markets lose their economic function.
The closest historical analogue is the transition from animals to humans as the dominant cognitive layer on Earth. Ecosystems had been structured around animal constraints: local perception, instinct, short planning horizons, isolated memory. Humans introduced language, tools, cumulative knowledge, and large-scale coordination, which reorganized the environment around a new type of intelligence.
AI represents the same category of shift directed at the human limitations that currently shape economic systems.
@aleabitoreddit This sort of take is gunna cook a lot of people...consensus view of midterm year so they need to pump. In reality Republican approvals are in the tank even though we just had a massive bull run. The game is changing, the grasp for power isn't going to come from your 401k going up