When does the next QE start?

Your recipe is straight out of Marx's book. If you honestly think that a human will be caring for the old and sick in 10-15 years then you really don't understand the state of innovation we have achieved. What we need in 10-15 years is lots of data scientists, technical designers and architects. Even programmers will lose their jobs in a short few years. But no problem, according to you they can easily find a job mopping the floor of automated factory floors.

In case you have slept, chatgpt and its derivatives will within the next two or three years completely displace any and all editors, journalists, writers, translators,...but hey... They can always become YouTubers right?

 

You sound a bit like this Jordan Peterson guy I highly doubt coding will be a skill in the future. Certainly when most people learn it. It's a language, and a language won't give you a lot of extra 'skill'. Especially when everybody learns it, you need scarcity for something to be of high value. Think lowcode development. It's the added value, which is often more sophisticated which brings the extra dollars, and industries like trade, dominant systems (like dominant currencies) and ultimately art - in it's many manifestations.

 

How much inflation in Canada the last 6 months of 2022 ? Let's call it a leading indicator.

 

Perhaps to a short obsessed trader all they can see is the worst for the economy and markets.

 

...which can already be created by ai, art I mean. I bet I could present you with ai generated classical music and paintings that you would he unable to distinguish from human composers and creators. On coding you are probably right, favoring my point: soon enough not just boiler plate code can be autogenerated but entire software applications. The only piece left is the architecting of products and services. How many in our population are gifted and skilled with that?

 

So what/why is the $180.00 value? Is that an average EPS for the index or something else? Also I like the way you explained why 1800 is not an impossible level.

 

"$180 SPX earnings" is one of the street's forward 2023 estimates. No way to know what multiple the market may attribute to it (or some other value)... just saying it's likely the market is still waaay high priced vs. earnings.

Personally I think the market is waaaay full of "hopium". Big potential risk for long hopefuls, IMV.

 

Ok got it. Thank you.

 

If this catgpt is so smart, how come we don't have a cure for cancer yet?

Let's get a little realistic here...