David Sacks is correct

  • Post category:Finance

A BEST CASE SCENARIO FOR AI? The Doomer narratives were wrong. Predicated on a “rapid take-off” to AGI, they predicted that the leading AI model would use its intelligence to self-improve, leaving others in the dust, and quickly achieving a godlike…

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If You Believe the CPS Employment Series Turns Down before the CES, Be Afraid

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Personally, I’m not convinced, but if you are, then consider this graph: Figure 1: Nonfarm payroll employment from July release (bold black), from June release (green), civilian employment adjusted to the NFP concept, experimental research series using smoothed population controls (bold…

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What Other BLS Commissioners Should’ve Been Fired (But Weren’t) Using the Trump Criterion?

  • Post category:Finance

Here’re other prior 2 month cumulative revisions, normalized by employment (after all, the country has been growing for the past 100 years): Source: Abecasis, Walker, “US Daily: Q&A on the Revisions in the July Employment Report,” Goldman Sachs, August 2, 2025.…

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10 Camp Kotok Reads

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Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad…

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