AI and Systemic Risk
The popular press is whistling past the graveyard of AI systemic risk even as heavyweight experts warn more needs to be done.
Read more...Category Archives: Investment outlook
Satyajit Das: The Shadow of Financial Instability
Shadow banks, rebranded as anodyne “non-bank financial institutions” are larger than ever and pose a threat in a new financial crisis
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...Satyajit Das: AI – Artificial Intelligence or Absolute Insanity?
AI is following the same trajectory as the dot-com bubble.
Read more...The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble
Read more...Steve Keen Warns Crash of 2026 Will Be Worse Than 2008
Steve Keen was one of the few economists to predict the 2008 crisis. His call for a 2026 crash looks all too credible.
Read more...President Putin and Prime Minister Modi Share a Future Strategy That’s No Joke for President Trump
Even with the Putin-Modi lovefest and shared strategic aims, meeting their trade targets will be a heavy lift.
Read more...Bitcoin, Crypto Plunge Accelerates as Leveraged Players (“Treasuries”) Like Strategy Dump Holdings
A big leverage unwind in Bitcoin is accelerating, dragging down other crypto. How much further will the fall go before hitting bottom?
Read more...The Cloud’s Not Fluffy, It’s a Hot, Loud, Energy-Voracious Factory
A more detailed look at why to resist massive pressures for data center buildout and question claims of inevitability.
Read more...Has Ed Zitron Found the Fatal Flaw with OpenAI and Its Flagship ChatGPT?
The Financial Times has re-reported cautious but devastating-looking findings by Ed Zitron on OpenAI’s inference costs and truthfulness.
Read more...Call Your Congresscritters: OpenAI Laying the Groundwork for Massive Federal Bailout
AI is not just coming for your job. Industry leaders plan to pick your pocket on a massive scale via a bailout.
Read more...Commodities: Why They Are a Challenge for Investors
Uncertainty is pushing investors to consider commodities but playing them is not as easy as you think!
Read more...What Does New High in US Stock Market Margin Debt Portend?
Looking at the significance, or not, of a record high in stock market margin debt.
Read more...The Huge US Bond Market and the US Dollar Blow Off the “Debasement Trade”
Why the dollar and Treasuries have rallied despite the Liberation Day swoon and “debasement trade” patter.
Read more...AI: Is it Really Different this Time?
AI is huge. But so is the hype, hocus-pocus deals, and piles of real money fortified by leverage that caused stock prices to explode.
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