caucus99percent

free-range politics, organic community

Bubble Pops Soon?

Matt Stoller recently put out an article about the AI bubble called 'What Would It Look Like If the AI Bubble Popped?'. He compares the possible popping of the AI bubble, and the consequent crash of the economy with a few other 'recent' bubbles, such as the 2008 financial crisis with its stupid bailouts of the big banks and not the little people (thanks Obama!) and the 2000-02 dot.com bubble bursting, which sent us into a recession.

Stoller notes:

'I think that an AI bubble popping could be worse than the dot com bubble, for a few reasons. The first is that we are a much more corrupt society, and so there will be less trust when a collapse happens and contagion is widespread. The second is the U.S. economy is less diversified today. We had a much stronger industrial base in 2000. Our financial markets are dependent on a few companies betting on AI data center spending. The counter-argument is that we are better at bailouts, so the Fed could stop contagion more easily. That’s possible too.

Not sure I agree with the counter-argument, because the bailouts aren't going to help the little people, are they?

If you can call a suburban street a gulch.

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~~ Sympathy

The Treaty of Versailles 2.0 or Minsk Agreement 3.0?

Was Trump and team played to sign the MOU at Versailles? After all that treaty ended WWI but set the stage for WWII. Pepe explains in the first clip below the signing was moved up to Thursday and the location changed because Mossad planned the assassinate the Iranian delegation in Switzerland. Most people never heard of the Minsk Agreements (there were two) which both Merkel and Hollande (guarantors of the agreement) claimed was a delaying tactic to allow Ukraine to arm, recruit, and build defensive structures. So my question today is the MOU designed to delay in order to regroup, created to lead to another Iran war, or a genuine effort at peace. Whatever the purpose of the MOU this week it was signed, sealed and delivered...

Afternoon folks!

This week it's a real smorgasbord of styles for you. Starting off we've got swamp blues from Lightnin' Slim followed by some raw, electric, Mississippi blues from T-Model Ford. Moving on from there we have a compilation of Clarence Garlow's 50's era cajun blues and then we switch to a collection acoustic Piedmont blues from a variety of artists. Finishing off, we have Klaatu's second album which is a good bit different from their first album that I posted a few weeks ago but worth a listen.

Enjoy the tunes and have a great weekend!