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Summary
Hello and welcome to edition 54 of the Boom Bust Bulletin (BBB). Two of arguably the single biggest developments this century is linked. First, we have Artificial Intelligence (AI) or the promise of an AI digital future. And then we have crypto-currencies and stable-coins - which might well be the foundation for the digital financial system of tomorrow. These are huge developments and are…
Key Claims
- 7 © Property Sharemarket Economics Source – Bloomberg. Each yellow dot represents 100 square miles. The areas that are black are places where fewer people leave, or don’t participate in the wholesale electricity markets or produce negative wholesale prices (which means more electricity is produced than consumed). In 2020, the average cost per megawatt hour was around $16. Source – Bloomberg. — confidence: medium
Notable Quotes
“Remember, you can always contact me via my email address darren@ propertysharemarketeconomics.”
“However, history also teaches us a salutary lesson in what ultimately happened to that same breakthrough of the railways.”
“I think it’s one of the single most important questions to be asking.”
“Because the truth of the matter is this; we are currently in a bubble of massive proportions when it comes to AI and the companies driving for its widespread adoption.”