10 Thursday AM Reads
My morning reads: • AI at 70: 14 lessons from a lifetime of boom and bust: Adrian Cox of Deutsche Bank Research on seven decades of artificial intelligence cycles. (Deutsche Bank Research) • Global Debt Is Slumping But It’s Nothing Like the 2022 Rout: The difference is scale. While the latest pullback has driven yields to… Read More The post 10 Thursday AM Reads appeared first on The Big Picture .
1. AI at 70: Financial expert Adrian Cox of Deutsche Bank Research shares 14 lessons from a lifetime of observing artificial intelligence trends and cycles.
2. Global Debt Slumps: While global government bond yields have risen, the current pullback is far less severe than the 23% plunge seen in late 2022. Yields have increased by 17 basis points over the past 20 days, compared to 62 basis points in the previous year.
3. Fed Chair Kevin Warsh's Speech: Jackson Hole speech by Fed Chair candidate Kevin Warsh sets the stage for the upcoming two weeks of real work. Claudia Sahm provides feedback on the speech, which covers AI, monetary policy principles, and the need for action.
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