Shocking Insights: The debt ceiling will wipe us out. Can the trillion dollar coin save us? Will chatGPT take your job as well? (1-12 to 1-13) (Paid)
In this week we will be looking at 5 separate sources for our macro recap.
We will be looking at the impact of chatGPT, the debt ceiling & its repercussions, the CPI landscape beginning to shift & congress ETF’s being launched.
Let's Dive In!
YouTube Channel: Mark Moss
Title: How to Get Rich In 2023 In The Brand New AI Revolution
Link: https://www.youtube.com/watch?v=EYFLns0P31c
Here are the top takeaways:
The AI Revolution is coming and those who adopt new technologies early will have the biggest advantage.
ChatGPT is a new technology that has the potential to 10x our productivity and income.
However, there are some risks associated with it that we need to be aware of. We need to be creative and use our imagination if we want to 10x our income.
The AI will eliminate the need for many human workers, but it will also increase our productivity.
YouTube Channel: Eurodollar University
Title: Biggest CPI ever didn't disappoint.
Link: https://www.youtube.com/watch?v=JTUxLZFba18
Here are the top takeaways:
When looking at December 22’ CPI upon closer examination, it becomes clear that most of the increase was front-loaded in the first half of the year. From June onward, the CPI increased at a much slower rate of just 3%.
This slowdown coincided with a sharp decline in oil prices, which suggests that inflationary pressures may be easing in the economy.
Given this evidence, it is prudent for policymakers to closely monitor inflationary trends in the coming months and adjust monetary policy accordingly.
Our traditional economists have difficulty understanding the economic situation and the market is saying that there is a rising probability of rate cuts happening in the near future.
Newsletter: The Last Bear Standing
Title: One-Dollar Bond and The Platinum Coin .
Link: https://thelastbearstanding.substack.com/p/one-dollar-bond-and-the-platinum
Here are the top takeaways:
The debt ceiling is a dangerous and ineffective tool that should be removed, and Congress should balance the budget instead.
However, the US has been running deficits for years, and with interest rates rising, the country's fiscal situation is deteriorating.
The best long-term solution may be to issue a trillion-dollar coin. This would allow the US to pay off its debt, while also generating a profit for the government.
There are some practical challenges to this plan, but it is worth considering given the current state of affairs.
