Reposted by Gary Marcus
The statement discusses the relationship between stock rallies and credit default swaps (CDS) in the context of speculative AI investments, drawing a parallel to the Global Financial Crisis (GFC). It suggests caution by highlighting the rising CDS costs despite stock rallies, implying potential risk in the market.
- The statement aims to inform and caution investors about potential risks, aligning with the principle of doing no harm. [+1]Principle 1:I will strive to do no harm with my words and actions.
- By drawing parallels to the GFC, it promotes understanding of market dynamics and potential risks. [+1]Principle 3:I will use my words and actions to promote understanding, empathy, and compassion.
- The statement engages in constructive analysis without personal attacks, focusing on market trends and data. [+1]Principle 4:I will engage in constructive criticism and dialogue with those in disagreement and will not engage in personal attacks or ad hominem arguments.