Independent thinking for complex markets and current events
Jensen Huang rejects claims that AI is driving layoffs, calling the narrative “too lazy” He says the timing does not make sense, arguing AI has only recently become useful “AI just arrived. How is it possible they’re already losing jobs?” “How were they laying people off two years ago because of AI?” He argues CEOs …
Let me tell you why this Goldman Sachs headline is the most dangerous one you’ll read today.. Companies spent $450 billion on AI last year.. fired tens of thousands of people to “restructure around AI”.. replaced entire departments with chatbots.. And Goldman Sachs just said it contributed basically zero to economic growth.. so where did …
For those arguing the GDP data "isn't that bad" due to the gov't shutdown, the ACTUAL data DISAGREES. The GDP Deflator came in at 3.6% – meaning most of the 1.4% GDP was inflation, NOT real growth. Forget the shutdown excuse. The weakness is real, and productivity is terrible. https://t.co/W13nd3nZAh pic.twitter.com/f88eUhdNRX — Gordon Johnson (@GordonJohnson19) …
AI productivity bubble: Early adopters are already burning out. “There will be a wake up call and a reckoning for entire sectors who are adopting AI.” Natasha Bernal. pic.twitter.com/raHUrKMIgp — Ewan Morrison (@MrEwanMorrison) February 17, 2026 The market is EXTREMELY confused right now. Software like $ADBE and $CRM are getting nuked because of AI risk. …
There was a time when my weeks all felt the same. Monday came and went, dragging into Tuesday. Friday seemed forever away. I was working hard, but by the weekend I was so worn out I couldn’t really enjoy it. The stress built quietly and followed me right back into the next week. Something had …
Inflation-adjusted hourly compensation is down 5.2% since the final quarter of '20 and is unchanged from a year ago, despite an increase in productivity and higher nominal pay: pic.twitter.com/1goh8soIMQ — E.J. Antoni, Ph.D. (@RealEJAntoni) August 1, 2024 US CPI inflation set to collapse. The Q2 productivity and unit labour cost data are just out and …
by confoundedinterest17 Fed Chair Powell yesterday said he doesn’t see the “stag” in stagflation. Really? Well, in Q1 in the US… it failed to show up as non-farm productivity – or nonfarm employee output per hour – rose at a measly 0.3% annualized rate after an upwardly revised 3.5% gain in the prior period (well below expectations)… Source: …
Amidst concerns over global economic challenges, Swiss National Bank Chairman Thomas Jordan emphasizes the imperative of maintaining price stability in monetary policy. His remarks shed light on pressing issues such as low growth, high debt levels, and the urgent need for structural reforms to bolster productivity and ensure long-term economic resilience. Key points: Swiss National …
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades. In a speech, senior deputy governor Carolyn Rogers says an economy with low productivity can only grow so …
Forget the resume — Gen Z thinks you should hire them for their personalities. According to the youngest generation in the workforce, their humor and wit provides a certain vibrance older employees apparently lack. They’ve even invented a term — “personality hire” — to describe their self-perceived function in a corporate setting: to provide all …
via Mike Shedlock: Expanding benefits, especially more vacation time and paid family leave, helps explain job shortages and declining productivity. Hours worked and paid from Atlanta Fed, annotations by Mish During the Pandemic, Average Hours Rose. And Fell. The Atlanta Fed reports During the Pandemic, Average Hours Rose. And Fell. According to payroll survey Data from the …