You rely on The Profit Sector to bring you the most honest and profitable investment advice around. We do that every day. But there are so many fascinating things happening worldwide that we can’t cover it all.
Some of them are revelatory, some of them are practical, and some of them are just plain bizarre.
Here are a few things we discovered this week that were not fit to print.
Why 500,000 People Are Lining Up to Watch Paint Dry
Martijn Doolaard, a semi-hermit Dutchman who has turned the slow, steady process of Alpine-cabin restoration into a masterpiece of performance art.
It’s a form of therapy—an antidote to modern life, online and off. It’s a small, carefully ordered world they can return to week after week.
The American Mall’s Long Goodbye
Our malls still sputter along, but they feels like a genuine retail graveyard. Chillingly bare, with more darkened displays than open doors.
How did such a vaunted American institution end up this way?
Elon Musk, Tech Leaders Call for Pause in ‘Out of Control’ AI Race
Some of the biggest names in tech are calling for artificial intelligence labs to stop the training of the most powerful AI systems for at least six months, citing “profound risks to society and humanity.”
How Big Tech Camouflaged Wall Street’s Crisis in March
The fate of the S&P 500 index often comes down to just two companies: Apple and Microsoft.
More than $15 trillion in assets, from pension funds and endowments to insurance companies, are linked to the performance of the S&P 500 index in some way, according to S&P Dow Jones Indices, with more than 10 cents of every dollar allocated to the index flowing through to Microsoft’s and Apple’s valuation.
The S&P 500 was on track to end the month about 2 percent higher. Apple and Microsoft accounted for more than half of that gain.
A ‘Megathreat' to the U.S. Economy: Dr. Doom on the Fed’s Rate Hikes
Nouriel Roubini was among the commentators who predicted the collapse of the housing bubble and the subsequent 2008 financial crisis. Now he has another warning…
“Now, we're entering a recession and financial instability. We're having to raise interest rates because inflation is too high. We get inconsistency in a trilemma. We cannot achieve price stability, maintain economic growth, have financial stability at the same time. So eventually…economic and financial crash.”
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