Is this what they mean by run it hot? They’re telling you the playbook. Study Bitcoin.

Life is too short to long fiat

It’s all bullshit all the way down. Part of the reason for the cooler reading is that the Bureau of Economic Analysis updated its methodology for calculating specific components of the PCE price index, retroactive to 2021. The BEA has changed how it calculates inflation across three categories: computer software, legal fees, and investment advice. Two of those categories — computer software and investment advice — have experienced sharp price increases over the past year, which some economists say have artificially increased the overall inflation number. Capital Economics' Brown said the price revisions reduced the annual inflation rates for both the affected components. Together, he estimated they took 0.3% off overall core inflation. https://finance.yahoo.com/economy/policy/article/pce-inflation-eases-to-34--cooling-the-case-for-another-fed-rate-hike-125513195.html

My concern that the AI buildout Out is overdone and a bubble. Large Language Models (LLMs) and Small Language Models (SLMs) differ primarily in their parameter size, computational requirements, and specialization. While LLMs act like massive, all-knowing encyclopedias that require warehouse-sized data centers, SLMs act like highly efficient, specialized pocket guides that can run directly on your smartphone.

“Regulate me harder daddy government!” -Sam Altman

Hubris comes before the fall…