Investment Thread

Cross posted from the AI thread.

Dario Amodei — CEO of Anthropic, one of the world's most powerful creators of artificial intelligence — has a blunt, scary warning for the U.S. government and all of us:

  • AI could wipe out half of all entry-level white-collar jobs — and spike unemployment to 10-20% in the next one to five years, Amodei told us in an interview from his San Francisco office.
  • Amodei said AI companies and government need to stop "sugar-coating" what's coming: the possible mass elimination of jobs across technology, finance, law, consulting and other white-collar professions, especially entry-level gigs.
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How do you invest in a world that can cut costs and maintain ( increase?) productivity but has more unemployment?
 
Kdogg said:
Cross posted from the AI thread.



How do you invest in a world that can cut costs and maintain ( increase?) productivity but has more unemployment?
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Yeah, was just reading that. Interesting stuff. Don’t even know what my kids’ future career opportunities might be.

To answer your question, try to get enough wealth to benefit from the snowball but, man, exploding wealth inequality is already at the heart of so many of our divides and it’s only going to get worse.

They say the best sci fi extrapolates current trends and there are some very interesting takes on the future that involve extreme wealth division.
 
Linking this because a Duke law prof, who clerked for Gorsuch and therefore might have insight on how this justice may rule, weighs in:

“When the White House is itself touting this as the largest tax increase in American history, I think that’s going to make the justices sit back and think the Constitution gives Congress, and Congress alone, the authority to levy duties, impose tariffs and to regulate foreign commerce”
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Will the tariffs stand up to court review?
 
A personal investment thread I follow regularly posts an update to the question “how would invest 250k in current environment “. Recently updated and always an interesting read to see how he’s thinking about things.


www.financialsamurai.com

How I'd Invest $250,000 Cash In Today's Market

Let's say you've currently got a good amount of cash to invest. $250,000 in this case. With the potential for a global financial recession due to still-high interest rates and trade wars, investing is now getting trickier. At the same time, inflation has peaked and now the Fed is no longer...
www.financialsamurai.com www.financialsamurai.com
 
ClemmonsDevil said:
Skeptical that this is how SCOTUS rules. I suspect the Unitary Executive Theory wins out in a 6-3 (or perhaps a perfunctory 5-4) decision.
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I am fearful, even though the Constitution clearly states that matters of the purse are solely within the legislative branch. Funny that these exclusively old white dudes talked about the power of the purse (per. The supremes should also show deference to this special court who ruled, but who knows.
 
dudog84 said:
I am fearful, even though the Constitution clearly states that matters of the purse are solely within the legislative branch. Funny that these exclusively old white dudes talked about the power of the purse (per. The supremes should also show deference to this special court who ruled, but who knows.
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Prior rulings of this version of SCOTUS have shown that they are not big on deference.
 
Looks like the TACO trade seems to be muted going forward. On the one hand good, not the other hand it's a corner cat so.....
 
Paywall article in the NY Times has many US oil producers battening down the hatches...oil is pretty cheap now, and OPEC is likely to increase production at their Saturday meeting, which is causing a number of companies to scale back...of course counter to the wishes of the Saudis and others, this won't drive them out of the business, they';ll just jump back in when prices rise.
 
budwom said:
Paywall article in the NY Times has many US oil producers battening down the hatches...oil is pretty cheap now, and OPEC is likely to increase production at their Saturday meeting, which is causing a number of companies to scale back...of course counter to the wishes of the Saudis and others, this won't drive them out of the business, they';ll just jump back in when prices rise.
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Chevron to cut 200 in Permian Basin

 
Drill baby drill refers to the looming need for more dentists.

I have 4 fillings, most probably because I grew up in the country since my parents insisted on brushing twice a day. Upon moving to Duke and being on municipal water since, not a single cavity.
 
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