…Pleased to hear, read and see the mainstream media and analysts catching up with my long-held opinion that tech, banking and insurance profit margins (for instance) are way too high …. and AI will crunch them.
Even Bloomberg is admitting it’s “wild” AI isn’t being regulated property and the time for massive differentials between the buy and sell price in markets is limited…multiple sources it quotes say that we are due for a downward drop in market prices ….if only because we have not had a major collapse since 2008.
AI will improve competitive tension and expose fat profit margins at the consumer level, in supply chains, in commodities markets.
Rip-off service providers like American Express will have nowhere to hide. (It’s already shunned across the British retail landscape.)
The recent fossil-fuel price rises are largely because of an unneeded war.
Commodity markets remain rigged, poorly regulated and … there is no real competition because companies have been allowed to get too big.
Man’s response:
Same in many markets and industries.
Eg in car services, Uber’s dominance is a blip. It’s super easy to switch at the consumer-interface level. I know for a fact Uber steals almost half the fare from drivers on some longer trips….this is clearly exploitative and unsustainable.
Consumers can switch to a new provider by downloading a new app within 30 seconds. Drivers can switch too.
The fake moats are rapidly being breached.
Expect further declines in stocks (not investment advice).
JPMorgan has an effective sell on America
Not-so-magnificent 7
February 8
Out with the old? Feminine taking over?
https://www.instagram.com/reel/DT0VPm6D5JL/?igsh=MWF4cTRxZDFtbWI5cA==
