Jorma

"with collections that day more than double the norm for the date. The source of this is unknown. Its quantum liquidity I tell you. Good old fashioned Newtonian liquidity just isn't going to cut it anymore.

I was just attributing it to the drugs.

It's a bit late but you might want to revisit the numbers of your first post today.

Remember what they say. The market has an oil roof.

With around $800 billion in the Treasury account as of last Wednesday why they borrowed anything this week escapes me. Force of habit?

This isn't the market rounding the bases after a grand slam. It's David Bote rounding the bases after hitting a grand slam with 2 outs and 2 strikes in the bottom of the ninth his team behind 3 to nothing.

We're supposed to believe that we are on the cusp of quantum liquidity. Place your bets.

BOJ makes first rate hike in 17 years. https://www.reuters.com/markets/asia/japan-poised-end-negative-rates-closing-era-radical-policy-2024-03-18/

I figure once they get this AI figured out the market will go up every day. Mars, here we come.

This AI, or to be more accurate AGI and ASI madness if it continues, is going to need a lot of compute. Compute is the current term used in AI circles to mean the computers to develop and then perform the AI. A lot of compute. A lot of money to be borrowed and I would operate on the assumption that every bank in the US today has a green light to lend for AI. Like every bank has lent to oil drillers for 25 years. Oh sure, there have been dozens of billions of defaults. So what? It isn't even a flesh wound. Billions, trillions, whatever. The US with it's continuing record output has totally rewritten the global supply demand balance.

The worlds richest people and corporations are in the thrall of visions of being like gods. At the vanguard of a million years of evolution, ready to take on the solar system and then beyond. For all humanity, and all fate to boot of course. If not gods at least kings. How wonderful. For some reason unlimited energy is always baked into these things but never mind that. More energy isn't on the way despite the hype but in the meantime more money will be and a lot will be needed to build out our robot overlords and Mars colonies. I mean a lot of money. That's why crypto is so hot. People want more money and there isn't a way for the banking system with all that old 15th century double entry bookkeeping can supply it. Crypto is a zany way to do it but people are desperate for more money. How about Amazon or Tesla bucks? The sky is the limit on this money thing. Visions of galactic scale liquidity suggest caution.

If you don't know, the world is all bulled up by AI. That's because AGI is coming probably this year and when someone has that that then ASI will not be far behind. What's ASI you ask?

Couldn't we have a Dick Arms day?

Boy is sure seems like we need a lot more money. In fact is seems like we are getting a lot more money but from where? It's not too hard to daydream about money in the 9 digits going to 10 by the slip of a bit, anywhere in the world, and whose the wiser. In the real world RRP has flat lined. And where is the missing tax revenue?

America's greatest race was today.