Saturday, August 22, 2026

The problem of AI as an investment

I don't see the wisdom at present to be heavily invested in AI. Why?

Because the real economic return will likely not come for 20 to 30 years time.

So, all the money invested in AI is kind of out on a limb as a result.

There is another aspect to this which is U.S. and world Job losses caused by AI.

So, for example, if you are middle Class or poor around the world AI investment might just kill you through taking away your livelihood.

So, AI is sort of a part of Class Warfare where AI kills off the middle Class and poor worldwide over the next 20 to 30 years.

So, what happens when and irresistible force AI meets an immovable Object (the poor and middle Class of the world) like it is beginning to right now?

The most likely outcome will be riots and potential wars over AI worldwide.

And I think the first war is parents invested in AI realizing that they just ended their children's chance at an economic future maybe.

 if this is true of you. What do you do?

Maybe if you care about your kids and grandkids future you pull your money out of all AI investments?

I think this is just one of many things going on right now as the last batch of High School and College Graduates find that they can't find good jobs in this market worldwide. 

 

 

 

 

 

 

 

  

what's happening in world stock and bond markets?

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Global stocks are heading for their steepest weekly decline since mid-July, pressured by a sharp sell-off in global bond markets, surging Treasury yields, and elevated oil prices driven by persistent inflation concerns and massive U.S. fiscal debt pressures.
Stock Markets
  • Global Equities: Major world stock indices faced broad selling pressure, wrapping up a tough week as a tech-led rally stalled.
  • U.S. & International Drag: Wall Street finished lower for the week with investors rotating out of riskier assets, while international markets reacted to tightening financial conditions.
  • Key Drivers: Higher energy/oil prices and geopolitical tensions—including threats of fresh sanctions—weighed heavily on sentiment.
Bond Markets & Yields
  • Surging Yields: Global bond markets faced intense selling pressure, pushing yields higher despite a brief midweek reprieve following a surprise intervention and buyback announcements by the U.S. Treasury.
  • Debt and Deficit Anxiety: Markets remain nervous over soaring U.S. debt levels topping $40 trillion, annual interest charges hitting $1.2 trillion, and a budget deficit running above 6% of GDP.
  • Inflation Fears: Persistent fiscal expansion concerns have led bond investors to demand higher term premiums, keeping borrowing costs elevated globally.
If you'd like, I can provide more details on:
  • Specific regional indices (e.g., Europe or Asia-Pacific performance)
  • How these bond yields impact mortgage and consumer loan rates
  • Upcoming economic data or central bank meetings to watch
  • CNN
    US Markets, World Markets, and Stock Quotes | CNN
    Up-to-date stock market data coverage from CNN. Get the latest updates on US markets, world markets, stock quotes, crypto, commodi...
  • Reuters
    Global Market Headlines | Breaking Stock Market News
    * Wealth Ken Griffin's Citadel sheds over 80% of Situational Awareness' bets 5 hours ago. * Business Oil rises as Trump threatens ...
  • YouTube·CNBC International Live
    What the bond market is telling us about inflation, debt and ...
    Aug 21, 2026 — A rollercoaster week in global bond markets saw Treasury yields briefly pull back Wednesday after the U.S. Treasury announced $4 b...
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AI responses may include mistakes. For financial advice, consult a professional. Learn more

Alfalfa sprouts recalled after E. coli, salmonella outbreak sickens dozens

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Supreme Court temporarily allows work on White House ballroom to continue

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People are scrambling to find wads of cash dropped all over American cities?

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People are scrambling to find wads of cash dropped all over American cities

does practical magic take place in salem?

The reason I asked this question is because we have friends who live in Salem that my wife met while working in Boston after she graduated College in the late 1970s. However, she lived in Boston but her friend was from Salem that she worked with there.
So, I have visited Salem with her in the past to meet her friends and their families and her children.
 
 begin quotes:
 
No, Practical Magic does not take place in Salem. It is set in Dryden, a fictional seaside town in Massachusetts.
Fictional Setting vs. Real History
  • The Setting: The story follows the Owens sisters living in Massachusetts, but specifically in the made-up town of Dryden (and sometimes referred to as New Salem in early descriptions, though not the actual Salem).
  • The Salem Connection: The plot does touch on Salem history. The opening backstory explains that the family matriarch, Maria Owens, survived the Salem Witch Trials before relocating.
Where It Was Filmed
  • Washington State: Despite being set in New England, the movie was filmed across Whidbey Island (primarily in Coupeville) and San Juan Island in Washington state.
  • The House: The iconic Victorian Owens house was a temporary set built from scratch on San Juan Island and was torn down after filming wrapped.
If you're planning a trip or movie-inspired tour, would you like details on how to visit the actual filming locations in Washington or recommendations for spots in Salem, Massachusetts that share the same aesthetic?
  • Enchanted Living Magazine
    A Salem Legend - Enchanted Living Magazine
    Oct 31, 2018 — Yet now, in the early 21st century, Salem throngs with witches—both residents and those on pilgrimage to soak up Salem's magic. Jo...
  • The Patriot Ledger
    'Practical Magic 2' brings Owens sisters back to MA. See trailer
    Jun 25, 2026 — Like the original movie, "Practical Magic 2" will be set in the fictional town of Dryden, Massachusetts, featuring seaside beauty ...
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Practical Magic 2 comes out in theaters in North America on September 11, 2026

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Practical Magic 2 comes out in theaters in North America on September 11, 2026 (with some international releases and select screenings beginning as early as September 9 and 10).
You can check local showtimes and grab tickets through Fandango.
Cast and Details
  • Returning stars: Sandra Bullock and Nicole Kidman reprise their roles as Sally and Gillian Owens, alongside original cast members Stockard Channing and Dianne Wiest.
  • New additions: Joey King, Maisie Williams, and Lee Pace join the cast.
  • The plot: Directed by Susanne Bier, the story follows a new generation of the Owens family dealing with the family curse.
Watch the official trailer for Practical Magic 2 to see Sandra Bullock and Nicole Kidman return to their iconic witchy roles:
2:42
Practical Magic 2 | Official Trailer
21M views · 1 month ago
YouTube · Warner Bros.
If you want, I can help you:
  • Find local theater showtimes near you
  • Look up details on the original 1998 film
  • YouTube·Warner Bros.
    Practical Magic 2 | Official Trailer
    Starring along with Bullock and Kidman in PRACTICAL MAGIC 2 are Joey King, Lee Pace, Maisie Williams, Xolo Maridueña, Solly McLeod...
    2:42
  • Instagram·Sandra Bullock
    The very first screening of Practical Magic 2 and the Owens sisters could ...
    Thank you @magicmarketpopup @warnerbros ✨ @practicalmagicmovie. It was such an honor to be the first to watch Practical Magic 2! T...
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