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Madman Theory: Redux
A couple of days ago (and on any number of other occasions), I suggested equities were perhaps too s
I keep seeing comments about CEO optimism and animal spirits because Trump is the most pro-business president in the history of the universe whereas Biden was the most anti-business ever (paging Stanley Druckenmiller). Seems to me that uncertainty makes running a business considerably harder, but maybe we should give the guy with a fourth grade literacy level the benefit of the doubt.
Looks like Musk is getting jealous of the love triangle between OpenAI, Oracle, and Softbank. I can’t imagine Trump appreciates Musk undercutting his yuuuuugggggeee AI announcement. It’s going to be a messy divorce when Musk gets booted out of the West Wing.
The international chaos is frightening. The fleecing of America is disgusting. Once he discovered crypto created wealth out of thin air he was all in. He is surrounded by similarly motivated “advisors”. Cutting taxes for the wealthy is his mantra. My taxes went up with his tax relief package. He is the ultimate snake oil salesman. Where is a rail when you need it.
I hear ya’ brother. Some tar and feathers, to.
Humpty dumpty sat on a wall…
It’ll happen. He’ll fall and make a crisis worse. His madman act works only until he faces a crisis or he inadvertently causes one when he faces something unexpected. Or he’ll topple over and crash for some other reason. And when it happens, he’ll flounder around making things worse, hurting even more ppl, just as he did w/ covid.
Humanity needs the Good Witch of the North.
What happens to the wall when Humpty is a 400lb gorilla throwing a tantrum and not simply sitting?
Will be interesting to see how Trump’s venal and conflicted advisers handle Chinese AI models matching/exceeding US AI models.
By promising $500 billion to be invested by companies which Ol’ Uncle Elon rightly points out probably would have difficulty funding the first 100 of it. He was probably pointing a finger at Softbank there.
But as John Taylor and you have noted here, the rest of the world doesn’t seem to be as fixated on LLMs which requires hundreds of thousands of Nvidia cards hogging enough electricity to power the state of Wisconsin every year.
Rather than using models which look for causality between call center requests and the Sutras in 27 languages they are focused on smaller, which may prove USEFUL in the real world.
What a novel concept!!!
So, buy bonds if the immigration raids don’t come this week?