Inflation's Hot Print: Why the Market is Up 2.5%
New CPI/PPI reports show rising inflation, but the NASDAQ rose 2.5%. Learn why the market shrugged and what future oil shocks from China mean for your burn.
Anthropic's Fable Backlash, Nationalizing AI, Inflation Heats Up & California’s Broken Elections
This episode delves into the controversy surrounding Anthropic's Fable 5 AI model, including concerns over censorship, surveillance, and anti-competitive practices, and a debate about government intervention and nationalizing AI, spurred by Bernie Sanders' proposal. The hosts also analyze the latest hot inflation numbers (CPI and PPI) and the impact of government spending and geopolitical events. Finally, they engage in a heated discussion about California's election integrity, focusing on the LA mayoral primary and the implications of ballot harvesting laws.
Key takeaways
- The latest Consumer Price Index (CPI) hit 4.2% year-over-year, and the Producer Price Index (PPI) surged to 6.5% year-over-year, both marking the highest prints since late 2022 and early 2023 respectively. Read more →
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