You may have heard the #FederalReserve cut interest rates by 50 bps yesterday and this video attempts to answer the question "What does that mean and why do I care?" I go into detail about...
- what the Fed is trying achieve and how its going past and (potential) future
- just how it manipulates interest rates and why this matters on Main Street
- the consequences of the two ways of screwing it up
- what happens on #WallStreet and in your stock portfolio
but then also more unusually
- why #COVID19 is still lurking in the background
- how this sets the stage for the arc of companies like 23andMe and WeWork
To bring it all back to my core wheelhouse, I outline why the yet-to-be-discovered aftermath of this rate cut matters a lot for the fortunes of companies like OpenAI and thus for #ArtificialIntelligence more broadly.