A hub for independent voices and hard truths
There is one thing about this market that keeps showing up. The biggest warning signs are not coming from people saying AI is fake. They are coming from people saying the AI story might be real… but the money going …
US stocks are priced for perfection in an “imperfect and dangerous” world, Jeremy Grantham said. Grantham’s worries include overseas wars and weakness, unaffordable housing, and climate damage. The top investor said AI could be bigger than the internet but the …
In the last 24 hours: – Mortgage rates hit +8.09%– Credit card interest rate hits record high– Car loan interest rate hits highest since 2001– Oil prices jump highest in 6 months– China planning +$137 billion stimulus– War continues on …
"The average worker should feel as if he has been ripped off — and he has," says GMO's Co-founder Jeremy Grantham on wage stagnation in the US. pic.twitter.com/l6IQD64Nuh — Win Smart, CFA (@WinfieldSmart) September 4, 2023