By many independent sources, inflation peaked at over 9%, and is now back down to about 3.3%. I don't get my info from random, oddball letters - but from sources like the WSJ, Forbes, Fortune, IBD, Investor Insider, Kiplinger magazine, and the statements put out by numerous mutual fund managers from the likes of Vanguard, Fidelity, T. Rowe Price, etc. Inflation has come down .......... but for political reasons - some will not admit it. Even Larry Kudlow said publicly that he was wrong about the economy - that it's doing pretty well. I saw him say it on TV. Kudlow is about as far-right, crabby, and sullen as you could want. But he changed his tune. Just sayin'.
Food and gas have come down around where we live. May not be the same all over - yet. Homeowners' insurance is jumping because of the all the increasing climate disasters. A number of insurance co.'s have quit doing business in Florida & California because of more intense hurricanes, floods, and wildfires.
Yesterday, Jensen Huang - the CEO of Nvidia - said robots and AI will be doing everything ..... Manufacturing, engineering, code/program writing, manual tasks, self-driving vehicles, thinking like humans, etc.
I saw a video on TV of a robot brick-layer ............. and it did a great job. A robotic buggy brought the mud to the robot bricklayer, and the thing could spread mortar, pick up & place the bricks, tell if they were level with sensors, and work for hours with no break. ------- Scary. Huang said AI will replace millions of workers worldwide.
My thought is ............ what happens when millions and millions of workers are out of work?? Will those AI machines buy the goods and services that companies produce?? AI will affect every type of job, so how do economies stay afloat?? You don't / can't re-train so many millions of displaced workers quickly and cheaply. When asked what types of future jobs to train for, Huang said ........ farming. What does that tell us?????
No attack here - just sharing info.