Developing AI is expensive. To pay for it, Google spent $2.1 billion on severance last year laying off more than 12,000. And just this month, its already spent $700 million on employee severance. 

After base, bonuses, and stock awards, some Walmart Superstore managers can make over $400,000.  

It’s clear economist's consensus whiffed on this one. Predictions were in the 2% range but instead, came it at 3.3%.  Off from Q3’s 4.9% but still another sign that the widely predicted recession was sitting this one out while the American consumer is not. 

Delinquency rates on credit cards have climbed 3 straight years. After the friendship bracelets are put away, the credit card statements start showing up. 

If there’s any good news, this is already leaked data. Unfortunately, it’s all rolled up into one big dataset and sitting on the dark web. For sale.

Historically, corrections become bear markets when fears become reality.

Investors need to embrace the fact that every decision about the future requires a leap of faith. 

Next time some mentions a market cycle or economic cycle, ask them what’s so cyclical about it. 

The Fed has been the arsonist and the firefighter. They were too slow to react to high inflation and then they reacted by hiking rates with reckless abandon.

In the third quarter, China's gross domestic product grew at a 5.3% annualized pace. Consumption was a big driver of growth while the property sector is still struggling.