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04.09.26 - 11:06
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US-China AI agreement, G20 trade spat, inflation data (SCMP)
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The United States and China joined other G20 nations in supporting light-touch regulation for artificial intelligence (AI) this week, creating rare agreement between the tech rivals and a potential foundation for further discussions ahead of an upcoming presidential summit.
G20 nations agreed to adopt sector-specific rules for AI and avoid creating new AI regulators at a meeting in North Carolina. The Carolina Principles also call for close cooperation between governments and developers in......
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04.09.26 - 07:00
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Deleveraging clouds China′s AI trade as rising US Treasury yields, inflation fears persist (SCMP)
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Chinese leveraged traders continue to unwind their bets on stocks, as unease over rising global bond yields and a lingering oil shock add uncertainty to the artificial intelligence trade.
The outstanding balance of stocks bought with borrowed money dropped to 2.62 trillion yuan (US$390.1 billion) on Thursday after a brief rebound in August, according to data from China Securities Finance. That was 13 per cent below an all-time high of 3.01 trillion yuan set on June 25. Meanwhile, short positions......
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03.09.26 - 21:51
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All Bubbles End In Deflation (ZeroHedge)
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All Bubbles End In Deflation
Authored by Bill Bonner via DailyReckoning.com,
We begin this week's perambulations with a stroll into the future.
So far…the Bubble in the US is broader than any in history. It has been inflating everything it touched for the last 30 years.
All bubbles pop, of course. How they pop is the confusing whirlwind we enter today.
But don't worry. Even in the worst crash, real wealth doesn't disappear, it just changes hands. When the stock market goes down, those with stocks have less paper wealth…and less of a claim on real wealth. They are 'poorer.' That leaves those without stocks relatively richer. They have a bigger claim on the real goods and services the economy produces.
The feds and their elite cronies have a good racket going…diddling markets so as to shift more and more wealth away from the public and towards themselves. They own most of the capital assets…and they control the US budget. Pressuring interest rates lower, and backing up the stock mar...
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