Fed Cuts Interest Rates by Another Quarter Point, but Data Blackout Obscures the Path Ahead I've been waiting for this, ever since the Chinese announced they have achieved quantum supremacy. The government has been playing loose and fast with the numbers for over three years now, and they're all catching up to them at the same time. Not only is AI starting to produce massive layoffs, but the government shutdown has limited Wall Street's access to data on exactly what anything is still worth. Either OpenAI comes out with a solution to every computer being hacked on the planet, or Wall Street may have to assume China is more reliable, and a better bet. The idea Wall Street will have infinite patience with the oligopolies is a joke.
So far Wall Street has patience with compounding government debt. While our leaders diddle about borrowing more and closing government. mpounding
They're haggling over the spoils of war. The entire world is steadily sliding into a war time economy, causing all the money to float to the top even faster. Among other things, they know damn well they're likely to crash the entire world economy, so the rats are climbing over each other attempting to keep their heads above water. Microsoft and OpenAI had to finally make it official, that OpenAI is a for profit company, that works exclusively for Microsoft, that is, if you don't count Nvidia, who write much better programs than Microsoft. Nvidia just announced their new superchip, with 6 trillion transistors, 100 petaflops, and will be telling Microsoft who owns OpenAI. If the economy collapses, they can all blame OpenAI.
