"The Bot Is Out There. It Doesn’t Feel Pity, Or Remorse, Or Fear, And It Absolutely Will Not Stop Until Your Job Is Dead"

"The Bot Is Out There. It Doesn’t Feel Pity, Or Remorse, Or Fear, And It Absolutely Will Not Stop Until Your Job Is Dead"

Last night we had a fascinating team discussion about the implications of ChatGPT and AIs....

Labor Shortage Talk Turns to Job Cuts

As the following charts from Bloomberg’s Michael McDonough highlights, S&P 500 call transcripts references to...

UMich Inflation Expectations Plunge, Democrat Sentiment Sinks

The most important aspect of the University of Michigan sentiment survey continues to be the...

Pending Home Sales Suffered Worst Annual Decline Ever In 2022, Despite December Surge

While existing home sales slipped to cycle lows in December, new home sales bounced and...

The Core! Core PCE Deflator Declines To 4.4% YoY As M2 Money Stops Spinning At -1.3% YoY (Taylor Rule Estimate Now 10.0%)

There was a hilarious film with Hillary Swank and Aaron Ekhart called “The Core” where...

Consumer Inflation in Japan’s Capital Hits Near 42-Year High, Keeps Boj Under Pressure

Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose 4.3% in...

Hong Kong Home Prices Drop 15.6% In 2022, Snap 13 Years of Gain

Private home prices in Hong Kong, one of the most unaffordable territories in the world,...

Soaring Rice Price Shows Food Inflation Still Stalking the World

Rice prices are climbing, a sign that the food inflation shock that threw millions into...

Japan PM Says Can’t Rule Out Return of Deflation Despite Price Spike

Japanese Prime Minister Fumio Kishida said on Friday that a return to deflation in the...

Fed's Favorite Inflation Indicator Drifts Lower (Still Above 30 Year Highs)

The headline from this morning’s income and spending data is The Fed’s favorite inflation indicator...

ECB Seen Delivering Two Half-Point Rate Hikes on Way to May Peak

Back-to-back interest-rate increases of 50 basis points are approaching from the European Central Bank, whose...

Gold: Trader Reaction to April Comex Gold Futures of $1947.90 Sets the Tone on Friday

Robust data on Thursday likely greenlighted the Fed to keep interest rates high for longer....

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