There are a few issues I’ve skilled in my life which have felt like magic.
The primary time I looked for one thing on the web … downloading a music on Napster … driving an electrical automobile (EV) … utilizing ChatGPT.
When a brand new innovation or expertise is magical, it’s solely a matter of time earlier than sufficient individuals begin to understand how unimaginable it’s.
As an investor, that’s a cue for you. Acceleration isn’t far behind.
Simply have a look at EVs.
Electrical automobile gross sales have reached the 4 million mark after simply 10 months of reaching 3 million. World gross sales of EVs are forecasted to achieve 10.7 million by 2025 (after which 28.2 million by 2030).
AI? The expansion may very well be even sooner. Each week, it turns into increasingly more part of our day by day lives.
Together with how one can choose shares. [You can see more on this tonight at a free event I’m hosting. Click here for details.]
Momentum is constructing. And in the event you wait, you’ll miss it. Don’t. See how one can spend money on the 2 BIGGEST mega traits of at this time…
(Or learn the transcript right here.)
🔥Sizzling Matters in At present’s Video:
- Tech Information: AI is shortly turning into part of our on a regular basis lives. Meta (Fb) is releasing its open-source AI mannequin, Llama 2 — a rival to ChatGPT. [1:45]
- Teaser: There’s a brand new AI software program by TradeSmith that may choose your subsequent successful commerce. Be part of Keith Kaplan and me TONIGHT at 8 p.m. ET to see how! [7:20]
- Market Information: What’s the chance of a coming recession? We check out new surveys and financial indicators for the reply. [8:40]
- Mega Development: If Tesla (Nasdaq: TSLA) commercialized its autonomous, self-driving software program, it will be a game-changer. Electrical automobile gross sales within the U.S. are on the rise, with ExxonMobil planning on constructing a serious lithium plant in Arkansas. [14:50]
- Investing Alternative: Take into account shopping for this ETF if you wish to dive into the lithium market! [17:05]
See you subsequent week,
Ian KingEditor, Strategic Fortunes
AI & American Productiveness
I’m again, of us!
And I’ve been writing loads about U.S. productiveness. Particularly, the necessity to use synthetic intelligence and robotics automation expertise to leverage our current workforce.
In spite of everything, price hikes by the Federal Reserve, and different ways designed to cut back demand, will solely get you to this point. For those who finally need to slay the inflation dragon whereas additionally persevering with to develop the economic system, you have to produce extra — and achieve this extra effectively.
It’s a must to get extra productive.
I’m pondering this as I proceed to slog by that final productiveness killer: jetlag!
It took me the higher a part of per week to get my inner clock again on monitor, and my kids are nonetheless a multitude. They’ve been drifting off to sleep at 8 p.m., which is incredible! Sadly, they’ve additionally been waking up round 4 a.m., which is significantly much less incredible.
However about productiveness, let’s have a look at the numbers.
Within the first quarter of this yr, People have been measurably much less productive than they have been in the identical quarter a yr in the past.
Output per hour dropped 2.1%. And this wasn’t a one-off. Within the first and second quarters of 2022, productiveness dropped 6% and three.7%, respectively. And productiveness has been trending decrease for the higher a part of three years now.
Only for kicks, let’s check out the map.
The Bureau of Labor Statistics tracked productiveness by state for all of 2022. For those who occur to reside in Idaho, it is best to pat your self on the again. Idahoans managed to spice up their productiveness by 4% final yr.
Good for them! As a result of they look like the one People getting measurably higher at their jobs.
Throughout the remainder of the nation, productiveness development was both flattish or detrimental. And in a number of states, particularly California, Nevada, North Dakota, Louisiana, Mississippi and New Hampshire, productiveness shrank by 4-6%. I’ll chorus from choosing on particular person states as a result of, frankly, my native Texas isn’t wanting too good there.
However the takeaway right here is obvious. We have now a productiveness drawback. It’s a nationwide drawback, and it spreads throughout all geographies and industries.
As for the “what to do about it,” that’s the place my good friend Ian is available in. The one approach we escape of this productiveness funk is to make use of new expertise comparable to synthetic intelligence.
And as Ian and Amber focus on at this time — and in yesterday’s podcast with TradeSmith CEO, Keith Kaplan — AI can even enable you make higher investing choices. For those who’re able to see how AI can assist select your subsequent commerce, be a part of Ian and Keith tonight for his or her free webinar.
Wish to be taught extra “Venture An-E” and investing with AI instruments? Tell us at BanyanEdge@BanyanHill.com!
Regards,
Charles SizemoreChief Editor, The Banyan Edge
