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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 track 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 notice how unbelievable it’s.
As an investor, that’s a cue for you. Acceleration will not be far behind.
Simply take 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 could possibly be even sooner. Each week, it turns into increasingly part of our each 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 case you wait, you’ll miss it. Don’t. See how one can spend money on the 2 BIGGEST mega tendencies of right this moment…
(Or learn the transcript right here.)
🔥Sizzling Subjects in Immediately’s Video:
- Tech Information: AI is shortly changing 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 probability of a coming recession? We check out new surveys and financial indicators for the reply. [8:40]
- Mega Pattern: If Tesla (Nasdaq: TSLA) commercialized its autonomous, self-driving software program, it could be a game-changer. Electrical automobile gross sales within the U.S. are on the rise, with ExxonMobil planning on constructing a significant lithium plant in Arkansas. [14:50]
- Investing Alternative: Think about 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, people!
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 any case, price hikes by the Federal Reserve, and different ways designed to scale back demand, will solely get you thus far. When you finally wish to slay the inflation dragon whereas additionally persevering with to develop the financial system, you might want to produce extra — and accomplish that extra effectively.
You need to get extra productive.
I’m pondering this as I proceed to slog via that final productiveness killer: jetlag!
It took me the higher a part of every week to get my inner clock again on monitor, and my youngsters are nonetheless a large number. They’ve been drifting off to sleep at 8 p.m., which is improbable! Sadly, they’ve additionally been waking up round 4 a.m., which is significantly much less improbable.
However about productiveness, let’s take a look at the numbers.
Within the first quarter of this yr, People had been measurably much less productive than they had 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. When you occur to stay in Idaho, you must 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 unfavourable. 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 evident. We now have a productiveness downside. It’s a nationwide downside, and it spreads throughout all geographies and industries.
As for the “what to do about it,” that’s the place my buddy Ian is available in. The one approach we get away of this productiveness funk is to make use of new expertise comparable to synthetic intelligence.
And as Ian and Amber talk about right this moment — and in yesterday’s podcast with TradeSmith CEO, Keith Kaplan — AI may also provide help to make higher investing choices. When you’re able to see how AI might help select your subsequent commerce, be part of Ian and Keith tonight for his or her free webinar.
Wish to be taught extra “Undertaking An-E” and investing with AI instruments? Tell us at BanyanEdge@BanyanHill.com!
Regards,
Charles SizemoreChief Editor, The Banyan Edge
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