1. According to Reuters: Minneapolis Federal Reserve Chair Neel Kashkari dismissed concerns about potential conflicts with Trump, pointing out that both parties support lowering inflation to keep the economy strong. Previously, #Trump won the election and as a candidate, he promised to end the #UkraineWar within 24 hours.
2. Russia will showcase cutting-edge engine technology at the military exhibition in China. The United Engine Corporation #ODK will debut its latest aircraft engine at the 2024 China Airshow, featuring a new generation of engines for tactical aircraft.
3. Trump's new foreign policy: focus on China, end wars, and expand tariffs.
Trump plans to shift U.S. foreign policy focus to China, end the wars in Ukraine and the Middle East, and expand the use of tariffs.
Trump advocates for achieving peace through strength, and his second term could mean increased global tensions, especially in his dealings with Russia, Iran, and Europe. His focus on the imminent challenges from China could reshape U.S. alliances and trade policies.
4. For 40 years, China has been borrowing both on and off the balance sheet for productive investment, but the efficiency seems low, leading domestic consumers into poverty.
China must compensate for insufficient domestic demand through export prices, which is not a stimulus measure but an emergency aid for heavily indebted local governments (36% of which rely on leasing rights for livelihood).
5. Elon Musk stated that he believes there will be 10 billion humanoid robots by 2040.
6. The S&P 500 index is at 5996 points, nearly 600 points higher than the highest price target set by Wall Street strategists for the end of 2024, and 23% above the average target of 4861 points. Does this mean it exceeds most people's expectations?
7. However, analysts expect the index to grow by about 12.5% by 2026 #标普500 , which would be a historical increase of 63%.
8. Bitcoin $BTC #BTC☀️ 4-hour chart shows a decline similar to last weekend's cycle. Whether it continues to correct over the weekend depends on the closing price.
9. Off-topic: Why did Harris fail?
Why did the American Democrats lose to the Republicans? The answer lies in the expanding size of government while people's wallets shrink. Any large government will ultimately lose public support; it's just a matter of time.
Current U.S. government spending reflects this imbalance, with growth-promoting fiscal spending dropping to 45% of government spending, the lowest level in at least 40 years, and significantly below the pre-pandemic average of 50-55%.
This implies certain countries; what are your thoughts on this?
10. Thoughts on Artificial Intelligence #AI General Artificial Intelligence
#AGI may not be realized by 2025, while #LLMs will encounter challenges, and benchmarks will become saturated.
Because we already have LLMs, but LLMs cannot understand themselves (they don't know who they are). However, understanding different levels of abstraction and integrating them into executing real-world tasks will take a decade. Only then can we achieve general artificial intelligence.
