Last week after writing my tour de force against technology and AI, I pushed myself back from my typewriter and went outside and hitched up my two horse team to my buckboard and went for a ride in the country. Sometimes when I am analyzing markets and world events, it is easy to say I …
Looking Backwards … LB #1 The markets were definitely picking up what Jerome Powell was putting down as the Fed left interest rates flat on Wednesday and Powell’s presser came out with a more dovish tone than expected. He didn’t pivot, but he alluded to a pivot and that was all the markets needed. We …
I’ve been told that AI stands for Artificial intelligence, is that like I can’t believe its not butter, because that is not butter and I am beginning to think AI is not intelligence. OAN’s Brooke Mallory wrote an article this week about AI use in Carl’s Jr, Hardee’s, Del Taco, and Checkers. Presto Automation offers …
Looking Backwards … LB #1 Last Sunday night in the Asian markets, gold broke out above $2,100 running all the way up to $2,135 before it triggered a wave of selling. From up almost $60 an oz overnight to down $40 at the end of the Monday session, gold is moving. We go to the …
The election of Austrian economist Javier Milei as President of Argentina is one of the most intriguing events that I can remember. Polling suggested in the weeks leading up to the election that Milei would not win as he was running against a well-funded incumbent but win he did. It was by a landslide as …
Looking Backwards … LB #1 Henry Kissinger died this week at the age of 100. We have talked about his influence on American politics before and how he was the architect of the Petrodollar system as America battled with high energy prices during the 1970s. It was also the inflation stemming from coming off the …
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Looking Backwards … at a Thanksgiving week that has left me in a fantastic mood this morning as sensibility and accountability are starting to be restored on this little blue marble, after too much wondering “what the hell is going on around here?” let’s explore… LB #1 The people of the globe are starting to …
That is the Deguello, it is known as the Cut Throat song composed by Dmitri Tiomkin. It is the Mexican bugle played before the Alamo, and it means no quarter. It means there will be no mercy, and it means you have been warned. In Rio Bravo, Dean Martin’s “Dude” sobered up real quick when …
Looking Backwards… LB #1 The ad market is broken and it reveals insight to where the puck is going. Axios reports that in media Buzzfeed saw a 35% decline in ad revenue year over year, Dotdash Meredith down 12% and the Wall Street Journal parent down 3%. Major media networks Warner Bros., Comcast/NBC Universal, Paramount, …