The writing on the wall started getting a lot clearer last week and even moreso in the last day couple days. The dominos are really starting to tip and people are not ready. Job market is going to take a turn, as will university attendance.
Senior people will be OK for a while, but entry level jobs that happen at a desk will not.
Anybody not personally near retirement with financially secure kids should consider allocating into AI software, hardware, and infrastructure.
It may take 2-5 years. But it may be 1 before it's plainly obvious and people freak out.
Sell your achybands, buy AI stocks
Moderator: Dux
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Grandpa's Spells
Topic author - Lifetime IGer
- Posts: 11565
- Joined: Thu Jan 06, 2005 10:08 pm
Sell your achybands, buy AI stocks
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
Sell your achybands, buy AI stocks
Can you please tell me what you mean by achybands which I checked online and found nothing.
Also what do you mean by the following
The writing on the wall started getting a lot clearer last week and even moreso in the last day couple days. The dominos are really starting to tip and people are not ready. Job market is going to take a turn, as will university attendance.
why is that because of poor economic indicators due to the current administration's focus on tariffs, unafforadable housing market for too many people
How do you know what you claim to know? I'm asking a serious question. I'd really like to know. My major in college was math. I never studied economics.
How much do you know about economics in the USA which will be bankrupt by 2035 according to estimates of spending too much to cover expenses and printing money? I read that the debt to GDP ratio is 1.3 which is very high, although some nations that have collapsed have had a much higher ratio.
If the USA goes belly up this will be the first time in modern history that a reserve currency will be bankrupt. I think the world will transition to a digital currency which seems insane to me that people will be willing to trust a currency not backed up by gold or something of physical value. But it looks inevitable unless enough people rebel against current trends. I don't live in the USA and I assume you do, so you know more than I do.
The BRICS nations - Brazil, Russia, Ireland, China and South Africa- were trying to come up with a common currency and that has fallen by the wayside.
have a good weekend
lenny
Also what do you mean by the following
The writing on the wall started getting a lot clearer last week and even moreso in the last day couple days. The dominos are really starting to tip and people are not ready. Job market is going to take a turn, as will university attendance.
why is that because of poor economic indicators due to the current administration's focus on tariffs, unafforadable housing market for too many people
How do you know what you claim to know? I'm asking a serious question. I'd really like to know. My major in college was math. I never studied economics.
How much do you know about economics in the USA which will be bankrupt by 2035 according to estimates of spending too much to cover expenses and printing money? I read that the debt to GDP ratio is 1.3 which is very high, although some nations that have collapsed have had a much higher ratio.
If the USA goes belly up this will be the first time in modern history that a reserve currency will be bankrupt. I think the world will transition to a digital currency which seems insane to me that people will be willing to trust a currency not backed up by gold or something of physical value. But it looks inevitable unless enough people rebel against current trends. I don't live in the USA and I assume you do, so you know more than I do.
The BRICS nations - Brazil, Russia, Ireland, China and South Africa- were trying to come up with a common currency and that has fallen by the wayside.
have a good weekend
lenny
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Grandpa's Spells
Topic author - Lifetime IGer
- Posts: 11565
- Joined: Thu Jan 06, 2005 10:08 pm
Sell your achybands, buy AI stocks
Good questions. For very brief background, I work for a midsize (under $100MM) professional services and software company. We have integrated AI into our products and partner with professors/post-grads at a large University's AI lab.
For a really good background, WaitButWhy wrote an article 10 years ago about what may be coming that has mostly been shown to be coming about.
https://waitbutwhy.com/2015/01/artifici ... ion-1.html
In the last 10 days or so it's become clear that the latest models are getting really close to being able to being able to program. CEO of Anthropic is predicting potentially widespread ( as much as 50%) unemployment in the next 24 months. Anecdotally, we had a project that normally would take 12 people six months have 2 people take 2 months. Some of the roles eliminated are permanent - computers are better at it now. Others one person can do far more than they could a year ago.
This is mainly going to hit entry level and lower management jobs first. The problem are the downmarket consequences.
If the entry level white collar jobs are contracting, enrolling or remaining in universities remain a bad bet. Student loans are going to be hard to pay off. Mortgages, rent, and credit card debt are going to be a problem. Home values will drop.
It is very hard to see this while it's happening, because it's the acceleration that's the problem, not the velocity.
For a really good background, WaitButWhy wrote an article 10 years ago about what may be coming that has mostly been shown to be coming about.
https://waitbutwhy.com/2015/01/artifici ... ion-1.html
In the last 10 days or so it's become clear that the latest models are getting really close to being able to being able to program. CEO of Anthropic is predicting potentially widespread ( as much as 50%) unemployment in the next 24 months. Anecdotally, we had a project that normally would take 12 people six months have 2 people take 2 months. Some of the roles eliminated are permanent - computers are better at it now. Others one person can do far more than they could a year ago.
This is mainly going to hit entry level and lower management jobs first. The problem are the downmarket consequences.
If the entry level white collar jobs are contracting, enrolling or remaining in universities remain a bad bet. Student loans are going to be hard to pay off. Mortgages, rent, and credit card debt are going to be a problem. Home values will drop.
It is very hard to see this while it's happening, because it's the acceleration that's the problem, not the velocity.
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.