Economy

AI is not actually intelligent. It isn’t even close. AI is a search tool at this point in its development, and those who own assets in this sector, like Musk or the CEO of Anthropic, are wildly overstating its capabilities to drive fundraising and valuation. Several of the suppliers to this ecosystem are engaging in circular economic transactions to artificially increase revenue. The high likelihood is that this bubble pops like so many before it.

Employment has slowed because businesses are reluctant to invest in an economy where the Rule of Law is weakening. The Sell America Trade has performed spectacularly since Trimp took office. We are seeing a garden variety capital flight that Trump’s media allies are hiding with smoke and mirrors, like AI.