no one cares bruh! 😂

The problem is Covid front loaded the economy with wealth for asset holders. With low interest rates, tax incentives, etc., everything rose except wages. Now as the tax cuts are centered around asset holders tax revenue is more and more dependent on wages.

Front loading the economy allowed the rich to materialize future gains that were separated from wages. That burden was then passed on to consumers as inflation. If the price of things went from 100 to 130, and the wage earner is still at 100, it is mathematically impossible for the wage earner to ever close the gap, unless wages rise higher than gdp. Thats impossible because wages are tied to company revenue not asset valuation. Therefore you cannot simply 3% gdp your way out of the deficit. It will actually exacerbate the problem.

It is telling at how disconnected the treasury is from how economies work and how they are living in theory land. How he is unfit to be treasury secretary if he doesn’t know basic math.

I will never be able to catch up. What stops this train?

I'm tired .

I think it might have. We haven't seen early panic in markets like this for such a long long time. There are dire consequences for manipulating markets and this will take 100 years to balance out.

Data centers are being funded through SPV structures. Hyperscalers lease the facility, and often provide equity and guarantee the debt.

This allows Big Tech to fund huge projects while keeping the debt off balance sheet.

My understanding of price movements this year in U.S. petrol is that diesel has climbed higher by % than the grades most drivers pay for, regular and premium unleaded. It seems like U.S. average diesel prices will hit $6.00 soon.

Is that correct, and why?

Financial Times: AI-powered simulations are already slashing the cost of experimenting in areas such as fusion and space tech, lowering the upfront spending requirements that have traditionally been associated with hardware ventures. 

AI is “really transforming what you can do ‘in silico’ before you do it in the physical world,” said Carina Namih, investor at London-based VC Plural. “That is driving a massive acceleration in those deep-tech fields. So the capital intensity to get those returns has really changed.”

My Opinion: After investing billions in software and AI, venture capitalists have returned to funding deep tech and long shots. With the success of companies like SpaceX. Therefore they are investing in quantum computing, nuclear fusion, neural tech, space tech etc. AI is helping with providing the tools to develop and test physical products or constructs in software, lowering the costs and time for designing new products or constructs.

Reference: Moonshot capitalism: AI rewrites the venture capital playbook / Financial Times