Technological Singularity: A hypothetical future moment when artificial intelligence surpasses human intelligence, triggering rapid, uncontrollable technological growth that fundamentally changes human civilization. Most users on Reddit agree that this concept borrows its name from physics because future outcomes become impossible to predict past that point.  – Google The pace of AI and robotics productivity gains are fundamentally incompatible with our debt-based monetary system, and too fast of AI and robotics productivity gains will drive a

We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.   – Chairman of CEA (and soon-to-be Fed Chairman) Ben Bernanke, July 2005 As Michael Lewis recounts in The Big Short, the investor Michael Burry quoted

Fitch forecasts the 2026 GG deficit will widen to 7.4% of GDP in 2026 from 6.8% in 2025, driven by One Big Beautiful Bill Act tax cuts and USD100 billion in tariff rebates as of July 2026. GG deficits, forecasted at 7.4% of GDP in 2027, will remain the highest in the ‘AA’ category, partly reflecting higher military expenditures, and interest costs. Fiscal pressures will increase as Medicare and Social Security expenditures expand by nearly