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Momo

@beaf

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@beaf
Dr. John Hussman (of Hussman funds) put out a new blog in his Market Comment series that is especially dire. To be fair, he's been saying similar since 2021 (and back in 2006), but the quote at top is Jeremy Grantham of GMO fame. Rough stuff https://www.hussmanfunds.com/comment/mc240506/
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@beaf
Prominent investment managers are starting to pencil in probabilities for rate hikes. Outcomes are divergent, but 25% chance is the pessimistic probability (not to be confused with the fed futures markets, which are notoriously volatile). The Fed has already changed positions once this year, might again.
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If it could, though, and 10-20% of the population owned our own autonomous vehicle, we could get rid of parking lots. Set your daily chauffeur to Uber mode and have it rack up some fares while you work at the office or home or wherever. I like that vision for the future. I could play on my Steam deck while driving.
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