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AI, on AIDidn't one of the AI prototypes go feral in the lab and try to kill someone ? I seem to remember an article some place ....![]()

Unfortunately manipulating humans to do your bidding is not that hardThe AI models do not have arms or legs, and no actual humans were hurt.
The all time highs in the stock market are represented by ten companies deeply invested on the bet of AI profits, not the promise, and underpinning all of this is an irrefutable danger that if sufficient lay-offs due to AI job replacement spread across multiple business sectors, recession and even depression is inevitable.All time highs in our stock markets are reflecting the promise of AI.
The all time highs in the stock market are represented by ten companies deeply invested on the bet of AI profits, not the promise, and underpinning all of this is an irrefutable danger that if sufficient lay-offs due to AI job replacement spread across multiple business sectors, recession and even depression is inevitable.
Your characterization of employees apparently reflects your personal business environment, as it is certainly not my experience in decades of management. Recruit well, train well, promote job ownership in a fair and equitable work environment, and the vast majority of employees will perform well.
And it starts with leadership.
This is all wonderful news for the investor class, but says little about the broader economy that most of us live in. Compared with 12 months ago I am currently paying:I agree with your ideal workplace characterization of our generation. However, I'm still in the environment, and the current worker does not appear to have the work ethic of those of the past. We have had a major social change. Our generation got out of college. No thinking, married girlfriend, had kids, had to get head down and provide, get kids through college, throttle hard to retire. College kids now even date less, don't marry, girls beating boys on every financial and career metric (20+% single women own houses less than 10% of single men), no kids, no expenses, no responsibility. The smart ones are into "FIRE" (financially independent retire early). There are concepts out there that did not exist in our generation.
The all time highs are real and broad. The S&P 500, dow 30, Nasdaq, and russel 2000 are near all time highs. You can't get more broad market participation than that. jobs report beat consensus at 172k jobs created when predictions were 80k! April and march jobs report were even higher! The bottom line is this economy is real. Those saying the glass in 1/2 empty are going to loose out financially if they let outside forces get in their head and bet on the economy to fail.
In the short time since the end of the Biden administration (january 2025) these are the major index gains:
A bear market is is a 20+% drop lasting on average less than 1 year similar to the length of a recession. In a recession only 50% of the time we also have a bear market. Even if we crash to a Bear Market tomorrow we will still have gains way higher than a typical bank savings account! Are we winning yet?
- Nasdaq Composite: Up 30.97%
- Russell 2000: Up 24.51%
- S&P 500 (SPY): Up 23.44%
- Dow Jones Industrial Average: Up 16.97%
I hear you on inflation but the gov says core in only under 3%. I don't know how they get that with $7 gas and $1000 fishing guides that used to be 450 prepandemic?This is all wonderful news for the investor class, but says little about the broader economy that most of us live in. Compared with 12 months ago I am currently paying:
- 40% more for gas
- 35% more for coffee
- 30% more for eggs
- 15% more for beef
- 15% more for electricity
- 15% more for lumber (this matters to me since we are rebuilding our rather large wraparound deck)
Meanwhile, my salary has increased about 2.5%. Hard to see how this economy is working for me, and I am considered an above median income earner.
You could have written the same thing in Jan of 2000 when the tech market was roaring along and bringing all the other sectors along with it. And just like then, stock cash dividend payouts do not match stock gains, with annual stock price gains far outpacing cash dividend yields, which hover at historic lows of roughly 1.07%, a condition mirroring the 2000 Nasdaq event.I agree with your ideal workplace characterization of our generation. However, I'm still in the environment, and the current worker does not appear to have the work ethic of those of the past. We have had a major social change. Our generation got out of college. No thinking, married girlfriend, had kids, had to get head down and provide, get kids through college, throttle hard to retire. College kids now even date less, don't marry, girls beating boys on every financial and career metric (20+% single women own houses less than 10% of single men), no kids, no expenses, no responsibility. The smart ones are into "FIRE" (financially independent retire early). There are concepts out there that did not exist in our generation.
The all time highs are real and broad. The S&P 500, dow 30, Nasdaq, and russel 2000 are near all time highs. You can't get more broad market participation than that. jobs report beat consensus at 172k jobs created when predictions were 80k! April and march jobs report were even higher! The bottom line is this economy is real. Those saying the glass in 1/2 empty are going to loose out financially if they let outside forces get in their head and bet on the economy to fail.
In the short time since the end of the Biden administration (january 2025) these are the major index gains:
A bear market is is a 20+% drop lasting on average less than 1 year similar to the length of a recession. In a recession only 50% of the time we also have a bear market. Even if we crash to a Bear Market tomorrow we will still have gains way higher than a typical bank savings account! Are we winning yet?
- Nasdaq Composite: Up 30.97%
- Russell 2000: Up 24.51%
- S&P 500 (SPY): Up 23.44%
- Dow Jones Industrial Average: Up 16.97%
You could have written the same thing in Jan of 2000 when the tech market was roaring along and bringing all the other sectors along with it.
I sold all my vested stock and changed the mix of our retirement stock portfolio. Within weeks the Nasdaq slide began that eventuality lost almost 80% of it's market value. I have friends who stayed invested who lost their shirt and added ten more years to their working career.
The average boom to bust stock market cycle in the US since 1854? 58 months.
Current run? 41 months up.
What drove the last 4 run-ups? Tech.
What were the stocks to plummet and pull the markets down with it in the last four market thuds? Tech.
Of course tech will tell you this one is different....as they continue to lay off tens of thousands of employees
Your posts present compelling evidence as to why AI is, at least partially responsible, for job loss. If you get a chance take a look at the Mondragon Corporation in Spain one of the most respected Corporations in the world. Also, try Barefoot Economics by Manfred Max Neef.I hear you on inflation but the gov says core in only under 3%. I don't know how they get that with $7 gas and $1000 fishing guides that used to be 450 prepandemic?
Do you save or do you invest? If not why not? Capitalism is set up to beat inflation if you own assets. Do you have a house? It tends to keep pace with inflation. Do you have a 401k at work especially with employer matching? Anyone making under 15ok can contribute to to yac free Roth iras. Do you do that? More important than annual salary is invested compound earnings over your 40 year working career. That's how you beat inflation. The markets work because of Americans participation not just the participation of the top 10%. There are only 2 ways to get ahead. In capitalism you work your way to earning more assets. In socialism you garner political power to control the means of production. Capitalism is an easier way to get ahead.
you're both dismissive and wrong...our plan, which retired me at 56 and my wife a few years later, had nothing to do with luck and everything to do with hard work, living within our means, a maxed 401K portfolio and smart real estate investments.Sounds like you got lucky but I'm not sure you had a good plan. It's all about diversification and minimizing sequence of returns risk.
Your posts present compelling evidence as to why AI is, at least partially responsible, for job loss. If you get a chance take a look at the Mondragon Corporation in Spain one of the most respected Corporations in the world. Also, try Barefoot Economics by Manfred Max Neef.