GalagaGuy Posted May 19 Posted May 19 When I heard Friday night about the credit rating downgrade, I was convinced stocks were going to tank today so I'm glad I was wrong once again as to how the market reacts to things. Quote
Screwball Posted May 20 Posted May 20 The above chart goes from 2007ish to when the S&P 500 hit 666.79 low in March of 09 after the swine banksters blew up the world. Think about all the things that have happened over the last 15 years, and the market has only burped a couple of times, while continuing to go up and to the right. Cha-ching. When it blows up the next time the same people will get bailed out and the same people who got ****ed the last time will get ****ed once again. That would be us. The market is an illusion. It is in no way is a measure of our economy - it is a giant scam (has been for a long time for those who paid attention), and will continue to be. That's the rules. We have been turned into a shopping mall with a flag, while they give us easy credit so we can spend money we don't have on **** we don't need. If it weren't for third world **** holes exploiting slave labor and our easy issued credit our world would have blown up long ago. Now we have AI - great! Wall Street loves it. While our tent cities multiply. As Jim Stafford said in the song Wildwood Weed, all good things must come to an end, and we can see that happening. Quote There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. Ludwig von Mises Tick, tick, tick. I'm glad I'm old, you people are ****ed. Quote
Screwball Posted May 21 Posted May 21 Credit Card Delinquencies, Balances, Debt-to-Income, and Credit Limits in Q1 2025: Our Drunken Sailors & their Credit Cards Quote
Tiger337 Posted June 7 Posted June 7 The next people to lose there jobs to AI. 😃 https://www.marketwatch.com/story/a-professor-testing-chatgpts-deepseeks-and-groks-stock-picking-skills-suggests-stockbrokers-should-worry-f54d583a?mod=home_lead Quote
1776 Posted June 7 Posted June 7 55 minutes ago, Tiger337 said: The next people to lose there jobs to AI. 😃 https://www.marketwatch.com/story/a-professor-testing-chatgpts-deepseeks-and-groks-stock-picking-skills-suggests-stockbrokers-should-worry-f54d583a?mod=home_lead Your post here reminded me of a piece I read regarding AI very recently. I’m attaching it below. I have read it twice. For a number of reasons, this is very concerning. I’d be interested in reading what others think about this piece regarding the very near term future of AI. https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top Quote
Tiger337 Posted June 7 Posted June 7 14 minutes ago, 1776 said: Your post here reminded me of a piece I read regarding AI very recently. I’m attaching it below. I have read it twice. For a number of reasons, this is very concerning. I’d be interested in reading what others think about this piece regarding the very near term future of AI. https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top It's concerning for multiple reasons. One is the potential for mass unemployment. Another is many of the people making the decisions will not understand AI well enough or not care enough to make smart decisions about what jobs can be cut which may lead to a lot of errors which do a lot of harm to people. That's just scratching the surface. One thing is for certain though. AI will primarily be designed to make the rich get richer while the gap between the wealthy and everyone else continues to grow. Quote
oblong Posted June 7 Posted June 7 My hope is eventually we learn that the real benefit and use for AI will be in making very difficult things easier. Like complex analysis where humans might be X% accurate but with AI help they can be X + Y accurate. Naturally top management will overreact at first and misuse it before things adjust. I can remember 10 years ago when we all would be owning electric cars and also being shuttled around In autonomous vehicles. Quote
Tiger337 Posted June 7 Posted June 7 1 hour ago, oblong said: My hope is eventually we learn that the real benefit and use for AI will be in making very difficult things easier. Like complex analysis where humans might be X% accurate but with AI help they can be X + Y accurate. Naturally top management will overreact at first and misuse it before things adjust. I can remember 10 years ago when we all would be owning electric cars and also being shuttled around In autonomous vehicles. I believe AI is going to be more of a reality than people having self driving cars. It's already starting and growing at a fast pace. In one small example, I already see it very much changing education. Students can do most of my assignments using AI. It's now a constant battle between realizing students need to know how to use AI if they are going to survive in the new world and making sure that they work independently enough to learn the material and not plagiarize. None of my students use google anymore. They use chatgtp or something similar and it's a lot different. I no longer discourage it. I feel like it's very important that they know how to use these tools because knowing how to use these tools effectively and ethically is going to be more valuable to them than pretending they don't exist. Quote
oblong Posted June 7 Posted June 7 You are right in learning how is the key. I also use it instead of Google quite a bit but mostly for general knowledge things. With Google I had the benefit of seeing a lot results that I could cross check against each other. Quote
chasfh Posted June 7 Posted June 7 I am still totally iffy about using AI for anything, given its propensity to hallucinate. I do admit I have dipped my toe into the AI waters for little more than search. When I try to have any of the major AI systems put together a softball schedule with specific game time and opponents-played parameters, it never gets it right. I plugged in some medical test results and it spit out an overview, which I thought was pretty good, although it didn’t give me any more insight than I got from reading it myself and discussing them with a doctor. I didn’t see anything it said that was off base, but I also don’t know whether it left anything out. Either way could be a disaster as it relates to any action items someone might have to take from test results. And who know who is going to do what with the results I voluntarily gave up to the AI bot. Maybe my insurance rates skyrocket even more than they were going to anyway. For fun, I told it I have a million dollars to invest in the market (ha!) and asked it to put together a recommendation based on income and growth goals. It came back with some interesting ideas, but I would definitely never blindly follow its recommendation. I haven’t been able to think of any heavy lifting thing I could have it do and be confident in the results. Anything that’s low stakes I pretty easily could do myself; anything that’s high stakes I would insist I do myself. So I am still struggling how I, a retired almost-senior, can incorporate it effectively into my everyday life. Quote
CMRivdogs Posted June 7 Posted June 7 I've started using it for things like trip planning and such. We're talking about a monthlong driving trip following Lewis and Clark. It's also been helpful on things like curated playlists and such. Quote
Tiger337 Posted June 7 Posted June 7 27 minutes ago, chasfh said: I am still totally iffy about using AI for anything, given its propensity to hallucinate. I do admit I have dipped my toe into the AI waters for little more than search. When I try to have any of the major AI systems put together a softball schedule with specific game time and opponents-played parameters, it never gets it right. I plugged in some medical test results and it spit out an overview, which I thought was pretty good, although it didn’t give me any more insight than I got from reading it myself and discussing them with a doctor. I didn’t see anything it said that was off base, but I also don’t know whether it left anything out. Either way could be a disaster as it relates to any action items someone might have to take from test results. And who know who is going to do what with the results I voluntarily gave up to the AI bot. Maybe my insurance rates skyrocket even more than they were going to anyway. For fun, I told it I have a million dollars to invest in the market (ha!) and asked it to put together a recommendation based on income and growth goals. It came back with some interesting ideas, but I would definitely never blindly follow its recommendation. I haven’t been able to think of any heavy lifting thing I could have it do and be confident in the results. Anything that’s low stakes I pretty easily could do myself; anything that’s high stakes I would insist I do myself. So I am still struggling how I, a retired almost-senior, can incorporate it effectively into my everyday life. It does get stuff wrong. I sometimes use it to write Stata programs for me. It can do it faster than me, but I need to check it to see if it is right. It has a ways to go, but I see it getting better fast. I expect that there will be life changing improvements in the next few years. I expect it will be a lot more accurate and efficient than than humans in time. I worry more about ethics. Quote
Deleterious Posted June 7 Posted June 7 AI is great. Just last week, I used it to translate my email to my business partner to jive. Don't ever let me hear anyone talk bad about AI. Or Don’t none of y’all be runnin’ your mouth talkin’ smack ‘bout AI, ya dig? 1 Quote
oblong Posted June 8 Posted June 8 A friend used it for suggestions to avoid having to pay an ER bill. It came up with great suggestions. Nothing unethical but just what things to ask for before paying, that you are entitled to, and at some point they will just give up. Quote
oblong Posted June 8 Posted June 8 And… I kid you not, this was some kind of “butt dial” generator. Somehow when I opened ChatGPT it had this image waiting for me. 3 Quote
chasfh Posted June 8 Posted June 8 1 hour ago, oblong said: And… I kid you not, this was some kind of “butt dial” generator. Somehow when I opened ChatGPT it had this image waiting for me. Every time I have looked into an AI image generator, there’s been a substantial charge for using it, like, $20 a month. Not interested in that. Are you paying for this or is it easier to find a free one now? Quote
GalagaGuy Posted June 8 Posted June 8 5 minutes ago, chasfh said: Every time I have looked into an AI image generator, there’s been a substantial charge for using it, like, $20 a month. Not interested in that. Are you paying for this or is it easier to find a free one now? Use Gemini from Google, the free tier, and just ask it to create an image of whatever you want. It uses Imagen 3, widely considered the best AI image generator at the moment. Quote
oblong Posted June 8 Posted June 8 10 hours ago, chasfh said: Every time I have looked into an AI image generator, there’s been a substantial charge for using it, like, $20 a month. Not interested in that. Are you paying for this or is it easier to find a free one now? ChatGPT was free. I paid for one over a year ago. Mindjourney. Mets has one too. Quote
chasfh Posted June 8 Posted June 8 5 hours ago, oblong said: ChatGPT was free. I paid for one over a year ago. Mindjourney. Mets has one too. How did you generate this on ChatGPT? I mean, what steps did you take? Quote
Deleterious Posted June 8 Posted June 8 Just go to ChatGPT and play with it. The more specific and more details you offer, the better. Quote create an image of jerome powell punishing jim cramer in the stockades. Setting should be with a crowd in a game of thrones type setting. the image should look like it was shot on a high quality Iphone 16. You can also edit them without typing in the entire prompt again. After that pic came up, I typed in the following prompt and got the following results: Quote have powell wear a chicago bulls uniform Quote
gehringer_2 Posted June 8 Posted June 8 (edited) Cramer only has one hand!? Edited June 8 by gehringer_2 Quote
chasfh Posted June 9 Posted June 9 23 hours ago, Deleterious said: Just go to ChatGPT and play with it. The more specific and more details you offer, the better. You can also edit them without typing in the entire prompt again. After that pic came up, I typed in the following prompt and got the following results: I have tried in the past to create images of real people shown in various situations and the output has never been any good. Frequently they’ve rendered as cartoons. But that was probably a year or more ago and I was so disappointed by the results that I never tried it again. Obviously it has gotten better at it. This is a picture of Shirley Temple hitting a home run in a major league game. Meh. Quote
gehringer_2 Posted June 9 Posted June 9 4 minutes ago, chasfh said: I have tried in the past to create images of real people shown in various situations and the output has never been any good. Frequently they’ve rendered as cartoons. But that was probably a year or more ago and I was so disappointed by the results that I never tried it again. Obviously it has gotten better at it. This is a picture of Shirley Temple hitting a home run in a major league game. Meh. LOL - that is one messed up swing. STB was right handed, she does have the correct hand on top for a RH hitter, but if she's standing in the RH hitters box, who knows where her lead leg went, and she's looking at the umpire, who is about to get clocked in the noggin' by a high pitch the catcher apparently isn't going to come close to getting. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.