AI Productivity Gains Are Trapped in Institutional Amber
The silicon is ready. The bureaucracy is not.The narrative of an immediate artificial intelligence windfall is hitting a wall of…
The silicon is ready. The bureaucracy is not.The narrative of an immediate artificial intelligence windfall is hitting a wall of…
The ledger is the lawThe signal was sent years ago. In mid-2020, ING Economics flagged that central bank digital currencies…
Capital is blind to fragility. Markets price risk based on historical volatility while ignoring the structural agents of recovery. As…
Validation is the new oil. Investors are drilling deep. The Economist recently noted that while the real world is bruising,…
The vault is empty. The ledger is full. Central banks have stopped asking for permission. Six years ago, institutional analysts…
The corporate dream is dead. Young women are the first to bury it. The traditional narrative of the upwardly mobile…
The Institutionalization of the Middle ClassThe American dream is being restructured. Goldman Sachs is the new architect. The firm is…
The Code is FixedThe bill is due. Biology is now a software problem. On March 4, the narrative surrounding genetic…
The Rebound Narrative EndsThe post-pandemic bounce is dead. It has been replaced by something far more permanent. Morgan Stanley analyst…
The prophecy of the programmable dollarSix years ago, ING Economics suggested that central bank digital currencies were closer than ever.…