If the Strait of Hormuz doesn't open soon, as seems likely, there will be a massive economic crash

[cachukis]

31. No question. One of my worries is the takeover of

market responsibility having moved to an algorithmic response. It has simply made money for the sake of money. A wilfull blindness.
Visualize, the manager talking to his sales team asking for reports of progress, strategies, and successes and failures of activity during the last six months. The reps ask AI to accumulate the data and they turn that in. The manager gathers this information and asks his AI agent to assemble this in reportable form and submits it to his boss.
That boss is a computer that decides the next step.
We are already here.
Reminds me of Malthus predicting population growth would be subject to food supply.
Reminds me of a conversation I had with my wife's best friend some years ago in Paris, TN.
I asked her why the poorest people in Kentucky continued to vote against Obamacare. They actually received benefits from Kenect (sic) the Kentucky version of Obamacare. She said their pride in overcoming hardship was a motivating factor. They couldn't afford dentists, but the occassional success of brandishing a tattoo, while small, mattered a lot.
Business resilience seems to be holding for now.
Saw through the pandemic where many of the predictions of economic calamity turned out to be underwhelming. The tariffs were supposed to cause much strife, but businesses, having raised their prices during the pandemic without reducing them later, were able to assuage pricing increases to less than what was expected.
At some point, the cavalcade of economic pressures might blow the steamer, but so far the whistles, while disquieting, have kept the engine still running.