Something Easily Won.
An economic apocalypse.
“The first email I read, every morning, is News Items.” — Rick Cordella, President, NBC Sports.
1. This is the CitriniResearch Macro Memo from June 2028, detailing the progression and fallout of the Global Intelligence Crisis. It is worth reading in its entirety and we urge you to do so. (Source: citriniresearch.com)
2. The Wall Street Journal:
It doesn’t take much to cause tumultuous stock moves in a market top-heavy with tech shares and jumpy about the prospects for artificial intelligence.
But nothing underlines the sensitivity of stocks right now quite like what happened on Monday, when one of the factors behind the Dow’s 800-point drop was a 7,000-word hypothetical.
A viral report by Citrini Research tapped into a new strain of fears about AI, painting a dark portrait of a future in which technological change inspires a race to the bottom in white-collar knowledge work. Concerns of hyperscalers overspending are out. Worries of software-industry disruption don’t go far enough. The “global intelligence crisis” is about to hit.
The new, broader question: What if AI is so bullish for the economy that it is actually bearish?
“For the entirety of modern economic history, human intelligence has been the scarce input,” Citrini wrote in a post it described as a scenario dated June 2028, not a prediction. “We are now experiencing the unwind of that premium.” (Source: wsj.com)
3. Treasury Secretary Scott Bessent:
“The single biggest threat to the world economy, the single biggest point of single failure, is that 97 percent of the high-end chips are made in Taiwan. If that island were blockaded, that capacity were destroyed, it would be an economic apocalypse.” (Source: nytimes.com)
