President Joe Biden visited the Lockheed Martin factory in Troy, Alabama, on Tuesday to praise workers producing the Javelin anti-tank missiles that have been instrumental in Ukraine’s fight against the invading Russians. He said Americans should be proud of contributing to the war effort through their tax dollars. He said “every American taxpayer is directly...
Author: support
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YOUR AI LOVER DOESN’T CARE ABOUT YOU (AND THAT’S WHY IT’S SO SEDUCTIVE)
For anyone who has been toying in the metaverse, in augmented reality, or just plain old text-messaging, with an “AI friend,” this may provide a cold reminder of reality: API code for programmers designing “chat friends.” The code in this case queries “davinci,” a neural network powered natural language AI system developed by OpenAI, currently...
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PUTIN CALLS OUT U.S. AND NATO, BLAMES THEM FOR UKRAINE WAR
Yesterday, 9 May, Russia celebrated the 77th anniversary of the Allied victory over Nazi Germany in WW II. Russian President Vladimir Putin, in his Victory Parade speech to mark the occasion, once again blamed the U.S. and NATO for their aggression prior to the invasion. “We saw how the military infrastructure was unfolding, how hundreds...
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MARKETS: NORMAL CORRECTION? OR MUCH WORSE…
By Gregory Mannarino, TradersChoice.net At the end of 2021, I outlined how this year, 2022, would prove to be a volatile one for both the stock market, and the cryptocurrency space. Despite this, I have also said that I expect the stock market to finish 2022 higher. Gauging from the recent volatility in the market,...
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ECONOMIC AND MARKET OVERVIEW
Remember, tracking trends is the understanding of where we are, and how we got here… to see where we are going. As Friedrich von Schiller said back in 1790, “In today already walks tomorrow.” And as we say at the Trends Journal, “Current events form future trends.” By using our Globalnomic® system of trend forecasting,...
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DOLLAR: “WE’RE #1”
“It’s the economy, stupid.” And now, thanks to the Ukraine War and the long series of sanctions and embargoes imposed on Russia by the US and NATO, market players are betting that for the first time since the market madness during the financial crisis in 2009, inflation will rise faster in Europe than the United...
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SPOTLIGHT ON CHINA’S TROUBLES
CHINA’S ECONOMIC OUTLOOK DIMS China’s manufacturing and service economies both showed marked slowdowns in April. The country’s official purchasing managers index (PMI) in manufacturing slipped from 49.5 in March to 47.4 in April, its lowest mark since February 2020, due in significant part to widespread, severe lockdowns to halt the spread of the COVID virus...
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SPOTLIGHT ON INFLATION
KEY U.S. INFLATION GAUGE NOTCHES 40-YEAR RECORD The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation, sped along this year through March at 6.6 percent, the U.S. Bureau of Economic Analysis reported. Food and energy costs were particularly inflated, due in large measure to the Ukraine war and Western sanctions....
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MAERSK: SHIPPING VOLUME DOWN, PROFITS UP
AP Moller-Maersk, the world’s second-largest ocean shipping company, has raised its profit forecast for 2022 by 25 percent—from $24 billion to $30 billion—despite foreseeing stagnating container shipping volume this year, or even a 1-percent decline. Due to an “exceptional market situation,” Maersk saw first-quarter freight rates soar by 71 percent, year over year, while container...