Storms Over Manhattan

Traditionally, stocks were valued at about ten times earnings. With high margin trading, earnings on shares, only one or two percent, were far less than the eight to ten percent interest on loans used to buy them. This meant that any profits were in capital gains alone. Thus, Radio Corporation of America, which had never…

The Next GFC Already Here?

“The only function of economic forecasting is to make astrology look respectable.” – John Kenneth Galbraith   Abstract: The numbers are astronomical. The worldwide debt is beyond comprehension. The great ‘recovery’ post-2008 never happened. The only thing looking good at the moment is the stock market as company buybacks are at record highs due to low-interest rates…

Our Inhuman Future

It’s been some years since I seriously attempted to study software development in any degree of detail, however, I still remember vividly thinking “humans will never make a viable AI (artificial intelligence)”. Having a basic understanding of how software worked, how machines crunched problems, along with a general understanding of our own lack of understanding…