Month: April 2023

Chinese Debt Problem Worse Than US

It’s fascinating to see everyone focusing on how bad the #Real_Estate market will get the #US but completely ignoring the real estate situation in #China, which is by a magnitude much worse. 

You think the #FED will print and “dilute” the #USD? Wait till you see the #PBOC

Here are some numbers to put things into perspective 👇

#US:

#GDP: $25 trillion

#Money_Supply (M2): $21 trillion

#FX_Reserves: It has the USD

#Banking_Assets: $24 trillion

#Non_Performing_Loans (Dec 2022): $143 billion

#Real_Estate: Represents 36% of Americans household wealth

#China:

#GDP: #Officially: $18 trillion

#GDP: Unofficially: $14 trillion (shorturl.at/deMU8)

#Money_Supply (M2): $40 trillion

#FX_Reserves: Total: $3.1 trillion

#FX_Reserves: Liquid: $900 billion

#Banking_Assets: $55 trillion

#Non_Performing_Loans: ??

#Real_Estate: Represents 62% of Chinese household wealth


Here… https://t.co/qixr0vKKgP
(https://twitter.com/mnicoletos/status/1645717845144219648?t=-wQsTKoPUOeYkSEzj69hTQ&s=03) 

None Of Us Were Ready For This…

This is what exponential adoption looks like. Our minds cannot compute the growth of ChatGPT nor the role of it in our lives a year from now. When you first heard about Instagram, you probably thought, why would I need a new version of Facebook?


But ChatGPT is already yesterday’s news.

Now it’s all about AutoGPT, which just appeared last week designed to automate GPT-4 tasks, enabling the creation of agents that complete tasks for you without any intervention. AutoGPT can understand customer inquiries, provide support, and even suggest upsells available 24/7 that speaks every language. There are 2.8M customer service jobs in the U.S. alone.

That is just one of a myriad of uses. ChatGPT was cool, but this takes it to a whole new level.

Man found guilty of spitting at Lubbock Police gets 70 years in prison

Larry Pearson, 36, was sentenced by a Lubbock jury on Wednesday to 70 years in prison after he was found guilty on two counts of harassment of a public servant for spitting at Lubbock Police office…

Source: Man found guilty of spitting at Lubbock Police gets 70 years in prison