Friday charts: Crazy train investing
Main Idea
The article discusses investment strategies in a rapidly changing economic landscape driven by AI growth, government debt, and inflation, while also highlighting recent market trends and data.
Key Points
1. Stock markets reached new highs, but uncertainty persists due to AI's potential impact and the US government's $38 trillion debt.
2. Gold and bitcoin have seen significant price increases (40% and 80% respectively over the past year), but long-term viability remains debated.
3. AI-driven economic growth could lead to unprecedented GDP increases, with estimates suggesting 10% annual growth if 20% of tasks are automated.
4. China's export boom continues despite tariffs, and its auto industry is flooding the global market with low-cost EVs.
5. US wages are growing at 4.2%, outpacing inflation, and jobs at high risk from AI have not seen significant layoffs post-ChatGPT launch.
6. Polymarket bettors estimate only an 18% chance of a US recession this year, with Q3 growth projected at 2.4%.
Description
What if growth goes exponential while you’re hiding in gold and bitcoin?
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