Sunday, August 16, 2026
AI and unemployment
It's like the talk of the town .. my own feeling is that it's not that AI will eliminate the jobs rather it will develop a new thought that why does a job exist or what does a person do or about their productivity that will end up eliminating the job .. there is so much slack in corporate America... yes it will lead to low jobs growth and higher corp. margin
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NFP 162K .. higher than expected ...
But not enough for a rate hike ..!
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because inflation is a monetary phenomenon .. it rises in proportion to the money supply (mostly reckless spending by congress) or a reducti...
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as Fed have been raising Federal rates (short-term) this year, market has been dropping long-term rates since Jun 15th anticipating downturn...
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And GooG issues new stock to generate $80B to invest in AI buildup .. now that's smart .. but who's?
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