While some of the features of artificial intelligence are remarkable, the economics of the rapid rollout on a grand scale for the technology are questionable. READ MORE
Economic Imbalances
Economic imbalances often require some type of adjustment to reflect economic realities and achieve a sustainable level of economic activity. There are currently three major imbalances in the US economy that can lead to a lower level of economic activity, higher interest rates, and/or a currency devaluation. READ MORE
Signs of Economic Slippage
The Atlanta Fed’s GDP Now forecasting model shows that the latest estimate of GDP growth for the third calendar quarter is 3.9% as of December 1. While the US economy appears strong now, some economic commentators believe that the US economy has some signs of weakness that are likely to inhibit economic growth. READ MORE
Brave New World of Artificial Intelligence
There has been much in the media during the last two weeks about artificial intelligence (AI). The capital expenditure plans are enormous READ MORE