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America Or Nothing
On Sunday evening, ahead of Thanksgiving week in the US, I wrote that "for all the hand-wringing over the allegedly imminent end of American hegemony, I don't see a lot of viable contenders" for the country's top spot in the geopolitical and global economic order.
In the same short editorial, I cited the best-performing economy on Earth and an equity market that accounts for nearly three-quarters of global market cap.
The irony of America's existential crisis is that on some metrics, the coun
I wonder what will happen to the multiples of the Mag 7 when people start to realize that the prospects for AI are much greater in the eye’s of CEOs than in the eye’s of the engineers working on the technology. Current AI, like ChatGPT, is really bad at getting details correct. It gives bad (wrong) recommendations for how to implement solutions to technical problems. It also gives, very authoritatively, incorrect information regarding US Government policies.