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“Unexpectedly” lol We’ve been digging ourselves a giant AI-inflated hole in the economy for months and folks have just been playing musical chairs to grab as m
by sailfast 7mo ago
“Unexpectedly” lol
We’ve been digging ourselves a giant AI-inflated hole in the economy for months and folks have just been playing musical chairs to grab as much money as possible before the music stops.
Hard to believe it’s taken this long. I never wanted to live through the late 70s / early 80s economically but I guess I’ll have my chance!
- elicash 7mo agoUnexpectedly is because it's a big miss from the projected job numbers. If you felt like the expected numbers were obviously wrong for this month, you should have traded on that information.
- dboreham 7mo agoProjected by people who have no idea?
- elicash 7mo agoIf they're bad at it, you could become obscenely wealthy by betting against expectations.
- camdenreslink 7mo agoHow can you trade on projected jobs numbers? The stock market seems detached from macroeconomics anyway.
- elicash 7mo agoYou could do it directly in the various gambling apps like Kalshi, or indirectly through other types of trades in the market.
- ActorNightly 7mo agoI hate to break it to, you but AI is not the reason why the numbers are down. AI makes everyone productive - for every engineer that is laid off due to AI from big tech, that person still has skills that when coupled with AI makes them eligible for slightly lower paying job. The reason the numbers are down should be pretty obvious.
- gzread 7mo agoWhere is the evidence AI makes people more productive?
- ActorNightly 7mo agoAre you denying that the current administration dumbfuckery is the sole reason for poor job markets?
- Aushin 7mo agoNo he's pretty clearly asking you for evidence that AI improves productivity.