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.
The Remains of Four Dead U.S. Presidents to Be Blasted into Space
You read that right. Celestis, a U.S. based company known for memorial flights – will send the remains of four ex-Presidents, George Washington, Ronald Reagan, John F. Kennedy, and Dwight D. Eisenhower, into deep space to “tell future civilizations about bygone American leaders and culture.”
Where the Super-Rich Go For Rehab
The staff here are used to people who do not carry their own luggage, and for whom a million in any currency is a forgettable sum. Clients are typically members of Middle Eastern royal families, self-made billionaires, famous actors or sports stars and the troubled children of all these types, who have inherited their wealth and its attendant burdens.
And recovery can cost more than $125,000 a week.
Hello, I’m Harvey. Your Robot Lawyer.
Artificial intelligence and law is a blindingly hot equation. We are proving by the week that we simply can’t look away.
Open AI’s latest model Harvey, is a self-styled “generative A.I. for elite law firms,” and he’s about to play in the big leagues.
The Dollar’s Imperial Circle
A tightening of U.S. monetary policy sets the dollar’s circle in motion, generating an appreciation of the dollar. Given the structural features of the global economy, tighter policy and an appreciation of the dollar lead to a contraction in manufacturing activity globally, led by a relatively larger decline in emerging market economies.
The resulting contraction in global manufacturing will spill back to the U.S. manufacturing sector.
The hegemonic role of the dollar in international trade and finance has expanded, while the exposure of the U.S. economy to the global economy has been relatively stagnant. This dichotomy creates the conditions for the dollar to act as a self-fulfilling procyclical force.
Confused About the Economy? That’s Okay, Everyone Is.
Inflation is falling steadily, or is it? If over-all employment is growing strongly, why are tech giants laying off hundreds of thousands of workers? Is the economy heading for a “soft landing” rather than a “hard landing,” or will it be a “no landing” or a “rolling recession”?
If the latest economic news has left you unsure about the true state of the economy, you aren’t alone.