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Other than my friends, I'm just trying to make you a little bit of money here. My job is not just to entertain, but to explain to put all this stuff in context.

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Wall Street can overreact better than anyone. Earlier this week, an outfit called Citrini

Research put out a paper titled, The 2028 Global Intelligence Crisis, that presented our country

as a vast wasteland of white-collar unemployables, thrown out of

pretty much anywhere they previously worked because of what we talk about all the time, AI.

This piece of science fiction caused a huge downturn in the market, although we've now spent

the last couple of days bouncing right back down, gaining 308 points today.

S&B advancing 0.8.1%.

And then ASDAQ, which was really hard hit the other day, up 1.26%.

All right, but let's deal with this thing, though.

Citrini's research thesis was pretty much as simple as it was wrong.

Anthropic, the lovable business-to-business AI disruptor, has such a powerful hand, Sotrini says. They don't pretty much be able to eliminate all white-collar office jobs, effectively taking out a huge chunk of America's middle class. It doesn't matter whether it's real estate. It could be travel, it could be banking, it could be credit. Lose those jobs, and you lose all the businesses that cater to them. You lose the economy.

Recession, depression, massive bankruptcies.

Shell, sell, sell, sell, sell, sell.

The Great Recession, too.

Now, the Great Recession, too, will include the downfall of a ton of software companies

that get their funding from private credit firms.

The private equity and debt mongers love the steady flow of cash coming from those cloud

software business models that are going to be obliterated.

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