Derek Thompson

It might have to do with the fact that a lot of companies are just freaked out about the tariffs and they're like, I'm not going to hire young people because that's an expensive investment in the long term. It could be just a couple weird thing compiling in the economy, like the long-term decline of the college wage premium and a little bit of uncertainty about the future.

It also could be, and this was the last theory that I had in the piece, I look at generative AI, I think this is an incredibly powerful tool. It is very good at reading, at synthesizing, at putting together reports, at giving you 10,000, 15,000 word documents with deep research to tell you all about a certain industry.

It also could be, and this was the last theory that I had in the piece, I look at generative AI, I think this is an incredibly powerful tool. It is very good at reading, at synthesizing, at putting together reports, at giving you 10,000, 15,000 word documents with deep research to tell you all about a certain industry.

It also could be, and this was the last theory that I had in the piece, I look at generative AI, I think this is an incredibly powerful tool. It is very good at reading, at synthesizing, at putting together reports, at giving you 10,000, 15,000 word documents with deep research to tell you all about a certain industry.

It's good at doing a lot of the things that we frankly ask of 22 to 25-year-old recent college graduates. What do these typical people do? They become paralegals. They work for consulting firms. They work for publishing houses. And I'm looking for that indicator that suggests that some white collar firms are replacing college graduates with machines.

It's good at doing a lot of the things that we frankly ask of 22 to 25-year-old recent college graduates. What do these typical people do? They become paralegals. They work for consulting firms. They work for publishing houses. And I'm looking for that indicator that suggests that some white collar firms are replacing college graduates with machines.

It's good at doing a lot of the things that we frankly ask of 22 to 25-year-old recent college graduates. What do these typical people do? They become paralegals. They work for consulting firms. They work for publishing houses. And I'm looking for that indicator that suggests that some white collar firms are replacing college graduates with machines.

And I don't think that I have the slam dunk facts to back up the case that right now, today, we're looking at major substitution of machines for people. But I think this would be the indicator to look at rising unemployment among college grads.

And I don't think that I have the slam dunk facts to back up the case that right now, today, we're looking at major substitution of machines for people. But I think this would be the indicator to look at rising unemployment among college grads.

And I don't think that I have the slam dunk facts to back up the case that right now, today, we're looking at major substitution of machines for people. But I think this would be the indicator to look at rising unemployment among college grads.

Yeah, let's talk about the stock market first, and then I'll do some commentary on China. It's a classic and famous fool's errand to try to explain the stock market with a simple story, because the stock market is this aggregate of thousands, millions of people around the world making a bunch of different decisions about what they think the future's going to be.

Yeah, let's talk about the stock market first, and then I'll do some commentary on China. It's a classic and famous fool's errand to try to explain the stock market with a simple story, because the stock market is this aggregate of thousands, millions of people around the world making a bunch of different decisions about what they think the future's going to be.

Yeah, let's talk about the stock market first, and then I'll do some commentary on China. It's a classic and famous fool's errand to try to explain the stock market with a simple story, because the stock market is this aggregate of thousands, millions of people around the world making a bunch of different decisions about what they think the future's going to be.

And the fact, I would say, that that aggregate has moved the stock market up in the last two weeks suggests to me one of two things, or the following two things. Number one, that people think that Trump is becoming more like a typical corporate Republican.

And the fact, I would say, that that aggregate has moved the stock market up in the last two weeks suggests to me one of two things, or the following two things. Number one, that people think that Trump is becoming more like a typical corporate Republican.

And the fact, I would say, that that aggregate has moved the stock market up in the last two weeks suggests to me one of two things, or the following two things. Number one, that people think that Trump is becoming more like a typical corporate Republican.

That if you compare what he is saying and what Besant is saying to what happened on April 2nd, the direction we are moving in is a direction from wild and crazy Trumpism to something a little bit more like Mitt Romneyism. Now, as you said, tariffs are still 10% around the world and still 145% on China. But now we're talking about free trade deals.

That if you compare what he is saying and what Besant is saying to what happened on April 2nd, the direction we are moving in is a direction from wild and crazy Trumpism to something a little bit more like Mitt Romneyism. Now, as you said, tariffs are still 10% around the world and still 145% on China. But now we're talking about free trade deals.

That if you compare what he is saying and what Besant is saying to what happened on April 2nd, the direction we are moving in is a direction from wild and crazy Trumpism to something a little bit more like Mitt Romneyism. Now, as you said, tariffs are still 10% around the world and still 145% on China. But now we're talking about free trade deals.

we're talking about getting China to the bargaining table. And I think there's just a lot of crossed fingers out there in the investing community that eventually this is going to pull us back toward the world we had on March 30th rather than the world we had on April 3rd. That's my guess. Good luck, guys. Good luck. And look, we're just going to know a lot more in two weeks.