With the only accomplishment being a claimed 0.10% to 0.20% reduction in spending, the trajectory of debt and deficits will return to the same course next week as it was on three months ago.
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So, between grilling steaks, eating hotdogs, and playing cornhole this weekend, take some time to appreciate that hard work.
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Once the computing market became a thing in the 50s and 60s, FLOPS became the hot new resource.
And as plastics were to oil, AI is now the big, new customer for FLOPS.
They will never know what it’s like to get dropped off at the “Departures” curb of an airport 10 minutes before your flight and sprint directly to the gate.
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Perhaps it’s the strong retail sales environment. Or maybe the markets fear persistent inflation in Europe will continue to pressure prices here. Could be that the markets expect congress to act on the debt ceiling quickly.
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