u/AmanCMN

College degrees aren’t what they used to be.
Unemployment among young Americans without a college degree is at a 20-year low, while college graduates are having a harder time finding jobs.
Demand for skilled trades keeps growing, and robots aren’t really threatening those jobs yet. Meanwhile, AI is making office workers more productive, which means companies can get the same work done with fewer people and that’s leading to more layoffs.
🔴 A bachelor’s degree used to give you a real advantage in the job market. Now, for a lot of people, it can feel like years of time and money wasted. Employers are also paying more attention to what you can actually do, not just whether you have a diploma. In many cases, they don’t really care where or how you learned those skills.
🔴 So does that mean higher education will eventually disappear because nobody needs it anymore? Not exactly.
One of the most important things college teaches you is how to learn on your own, figure things out, and pick up new skills. If you haven’t developed that ability yet, don’t completely cross college off your list.

Oil prices dropped below $91 after reports that Iran offered to reopen the Strait of Hormuz within seven days if the U.S. eases its military blockade.
But the big question is: is this just Iran trying to play the market, or are they actually serious?

Bitcoin just climbed above $84,000 for the first time since January 31, while around $260 million in short positions were liquidated in just 60 minutes.
The short squeeze is still going. The big question now is whether price can keep pushing higher purely on liquidations, without fresh inflows into the ETFs.

Michael Burry thinks OpenAI and Anthropic are intentionally hyping up AI risks because their growth may be slowing down and they could be preparing for possible IPOs.
His points:
An LLM, or large language model, is not “real AI” in his view, and it is still far from AGI, artificial general intelligence. So he thinks there is nothing to “slow down” yet.
Competition is getting much stronger, and that slowly weakens the advantage the current leaders have.
Before an IPO, companies need a big story. The idea of “we’re so powerful we could become dangerous” works really well as PR and creates extra hype around the company.
Talking about AI risks could also be a way to cover up slowing growth. If growth really is starting to cool down, this kind of narrative gives them an excuse and helps explain it as something outside their control, especially if an IPO has to be delayed.

For the first time since 2006, the Fed, the ECB, and the Bank of Japan may all raise rates at the same time.
The ECB already raised rates on September 10. The Fed is expected to do the same on September 16, with the market pricing in an 86% chance. The Bank of Japan may follow on September 18.
The reason behind this tougher monetary policy is rising inflation, driven by oil above $100 and strong demand for AI chips and memory.
Japan is the largest holder of U.S. government debt, with about $1.1 trillion, and it has also been a major source of liquidity for global markets because of its low rates.
But the era of negative rates in Japan is officially over. More money is now staying inside Japan instead of flowing into global markets.
For now, it is too early to talk about a repeat of the 2008 crisis. A real collapse would need a clear trigger, and markets are much better prepared for shocks than they were 20 years ago.
🔴 The main risk is still long-lasting global inflation. If it forces the Fed, the ECB, and the Bank of Japan into a new cycle of rate hikes at the same time, the bull market may have to wait until at least 2027.

https://x.com/lookonchain/status/2098445158648066123?s=46&t=ytOPz0L0lUrPC0\_-PiYleg

Hunter Biden’s LAPTOP meme coin got absolutely wrecked in under an hour. It shot up to $315 within minutes of launch, then crashed all the way down to $2 ☠️
LAPTOP launched with a promise to donate 20% of the supply to people who got burned by the TRUMP token scam.
Looks like today just isn’t their day 💁
P.S. It’s already down to $1.26.

Hunter Biden, the son of former U.S. President Joe Biden, is launching his own memecoin called LAPTOP on September 9.
After Trump, a lot of politicians seem to have realized that memecoins can be a pretty profitable game. The catch is, they usually seem to be a lot more profitable for the politicians than for the people buying them.