5fish
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The Algorithm Gaze changing you....
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My work today in Pittsburgh. Is Henry Lewis Gates of Harvard related to Bill Gates of Harvard? For sure Henry Lewis Gates is hanging with the Morgans of Morgantown near Pierpont Road. One of my very best pictures of the Gates Building in Pittsburgh. Henry Lewis Gates talked about being related to a General. That got my attention because Henry Lewis Gates is from Cumberland MD and General Horatio Gates was known to have family in Cumberland MD.
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5fish
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A Malthusian solution...
Malthusianism - Wikipedia
en.wikipedia.org
The economist who theorized that war was a way to control overpopulation was Thomas Malthus. His 1798 essay proposed that population grows geometrically while food production grows arithmetically, and without natural checks like famine and war, population would eventually outstrip resources, leading to crisis.
- Thomas Malthus: An English clergyman and economist who wrote An Essay on the Principle of Population in 1798.
- Core theory: Malthus argued that population increases at a faster rate than the food supply, leading to a "struggle for existence".
- Checks on population: He identified "positive checks" such as famine, disease, and war as inevitable consequences that would naturally reduce the population when it became too large for available resources.
It was a very good system in 1965. Any guy with a SAT Score under 425 was given a gun and a fox hole in the Jungle. If you were any good at that, then your given a field commission and ordered to kill the whole village. Men woman children pigs and goats.
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5fish
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In the war, it was the better educated who used napalm to burn whole villages...
like Quảng Trị province, were bombed. For example, only 11 out of 3,500 villages in Quảng Trị were left un-bombed by the end of the war.
5fish
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President Xi's daughter graduated from the Kennedy School of Politics at Harvard in 2014. From the records of the Corn Growers of Iowa and just maybe the Flying Tigers of Detroit. People in Pittsburgh tell me they are all related to Curtis LaMay and his B-29.
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AI may be rewriting Wright's Law...
en.wikipedia.org
In industry, models of the learning or experience curve effect express the relationship between experience producing a good and the efficiency of that production, specifically, efficiency gains that follow investment in the effort. The effect has large implications for costs[3] and market share, which can increase competitive advantage over time.[
Experience curve effect - Wikipedia
en.wikipedia.org
In industry, models of the learning or experience curve effect express the relationship between experience producing a good and the efficiency of that production, specifically, efficiency gains that follow investment in the effort. The effect has large implications for costs[3] and market share, which can increase competitive advantage over time.[
5fish
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Could you take a look at this? @jgoodguy
sherwood.news
JPMorgan economists estimate that the basket of stocks they use as a rough gauge of AI’s market impact is now worth about 44% of the S&P 500’s total market cap, up from 26% in 2022.
Using a basket of 30 AI stocks picked by the bank’s equity analysts as a barometer of AI, the economists find that American households have seen their aggregate wealth go up by about $5 trillion over the last year as a result of AI, they reported in a note published Thursday.
They also estimate the surge in stock market wealth could raise annualized US consumer spending by some $180 billion, due to wealth effects.
JPM acknowledges some uncertainty around this estimate, noting that the spending impact could be lower “if the wealth gains are accruing disproportionately to upper income households with lower [marginal propensity to spend].”
The Government is the insurer of last resort, a bailout???? The bubble will last until the Tech company runs out of cash...
AI’s share of S&P 500’s total market cap: 44%
JPMorgan economists estimate that the basket of stocks they use as a rough gauge of AI’s market impact is now worth about 44% of the S&P 500’s...
sherwood.news
JPMorgan economists estimate that the basket of stocks they use as a rough gauge of AI’s market impact is now worth about 44% of the S&P 500’s total market cap, up from 26% in 2022.
Using a basket of 30 AI stocks picked by the bank’s equity analysts as a barometer of AI, the economists find that American households have seen their aggregate wealth go up by about $5 trillion over the last year as a result of AI, they reported in a note published Thursday.
They also estimate the surge in stock market wealth could raise annualized US consumer spending by some $180 billion, due to wealth effects.
JPM acknowledges some uncertainty around this estimate, noting that the spending impact could be lower “if the wealth gains are accruing disproportionately to upper income households with lower [marginal propensity to spend].”
The Government is the insurer of last resort, a bailout???? The bubble will last until the Tech company runs out of cash...
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seems accurate to me, Also AI is 90% of current GDPCould you take a look at this? @jgoodguy
AI’s share of S&P 500’s total market cap: 44%
JPMorgan economists estimate that the basket of stocks they use as a rough gauge of AI’s market impact is now worth about 44% of the S&P 500’s...
JPMorgan economists estimate that the basket of stocks they use as a rough gauge of AI’s market impact is now worth about 44% of the S&P 500’s total market cap, up from 26% in 2022.
Using a basket of 30 AI stocks picked by the bank’s equity analysts as a barometer of AI, the economists find that American households have seen their aggregate wealth go up by about $5 trillion over the last year as a result of AI, they reported in a note published Thursday.
They also estimate the surge in stock market wealth could raise annualized US consumer spending by some $180 billion, due to wealth effects.
JPM acknowledges some uncertainty around this estimate, noting that the spending impact could be lower “if the wealth gains are accruing disproportionately to upper income households with lower [marginal propensity to spend].”
The Government is the insurer of last resort, a bailout???? The bubble will last until the Tech company runs out of cash...