The Economist (October 21)
“Two spectres stalk financial markets. One is the fear that surging bond yields will make the rich world’s shaky public finances unsustainable, triggering a nasty fiscal crisis. The other is the worry that the revenues from artificial intelligence needed to keep the data-centre boom going will fail to arrive.” On the upside, it’s unlikely to be both. “If AI stocks collapse, bond yields will fall.”
Tags: AI, Bond yields, Boom, Data centers, Fear, Financial markets, Fiscal crisis, Public finances, Revenues, Rich world, Shaky, Stalk, Stocks, Surging, Triggering, Unsustainable
New York Times (January 6, 2012)
“President Obama has begun to bring more rationality to military planning.” The Times broadly approves his plans to scale back the military “With his new defense strategy, President Obama has put forward a generally pragmatic vision of how this country will organize and deploy its military in the 21st century, while also addressing its deep fiscal problems.”
Tags: Fiscal crisis, Military, Obama, U.S.
