Torsten Slok

where I was looking at oil prices, I'm thinking they should be higher, like people should be more concerned.

But then other people say, no, we don't know anything yet.

Well, now here we're in a situation where oil prices have risen, maybe they'll come back down.

But I guess the question for me, when I look at markets, the question for investors is, why isn't it good to have a premature conversation?

Is that not the way we should be thinking about something that is as uncertain as it is today?

We'll be right back after the break.

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I generally agree, but I have two pieces of pushback that I think a lot of people would have.

One, we are seeing anecdotally that many companies are laying off huge numbers of employees and they're saying that they're doing it because of AI.

I think the most recent example would be Block.

They said they were laying off 40%.

Yeah, right.

So maybe there's an AI washing element to it.

but they did say that they're laying off 40% of the workforce.

Amazon has said that they're laying off workers because of AI.

A lot of companies are saying that they're laying off workers because of AI.

And perhaps it is an AI washing scenario where they want to look like they're using AI to turbocharge their businesses.

But at the same time, jobs are being lost.

And for someone who used to work at Block,

and they are now not working at Block, the reality is like, for them, well, it seems like AI took my job, because that's what I've been told.