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The Second Half of 2023, Part 2: Domestic Strength, Where is it?

Writer's picture: Christopher Lakian Christopher Lakian

May 2023

It's rare when you spend Seven trillion dollars in three years (2020 Covid) and stare at economic contraction.


Who cares about all that when a Terminator robot right out of the classic 1980 film (Arnold Schwarzenegger) is bound to take your job? “ I'LL BE BACK”


A.I. Artificial intelligence will be the next significant investment of our lifetimes, and it's precisely what we need to re-create a new economic model here in the good old USA.


We need help with repetitive tasks, factory jobs, And routine service models; the common theme is the lack of a consistent workforce.


A.I. can replace that and more. We are in the early innings of a massive productivity revolution.


When I first started reading the attached document from Raymond James on Artificial Intelligence and its benefits, it took me back to when I was a kid, trying to explain to my parents why AOL instant messenger was the coolest thing ever.


Flashback to 1992:


Cushing Academy boarding school, L dorm, room 2, window seat desk, Saturday, fall of Freshman year. I fired up my Mac Classic II, and there was a loud chime from the rear, and the hard disk spun. Happy Mac face, I am good to go.

This silly afternoon hobby was the start of people wondering about the benefits of Apple’s Macintosh, AOL’s instant Messenger, Cisco’s dial-up router, and rumors of a phone you could call from your car (aka the first cell, Motorola)


But in reality,  all I talked about on instant messenger in 1992 was Terminator 2 Judgement Day and Girls.

Silly statements! In adult land, the parents of Cushing Academy were talking to their brokers on Wall Street; 1992-2000 was one of the most significant growth periods ever!


Today, AI could be just the start of a highly prosperous new technology revolution allowing companies worldwide to grow margins, keep costs down, and increase productivity.


I don't need to remind you that Wall Street loves fat margins.


Cheers


Christopher Lakian







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