The Shrinking World

The 30-year era of free money is over. AGI is coming for your job. And most financial advice you have ever heard is now dangerously wrong.

In 2024, Japan's 30-year bond yield hit 3.41 percent-the signal that the world's cheapest money was ending. In the same decade, Artificial General Intelligence will displace millions of cognitive workers. These two ruptures are converging into a 15-year contraction when capital becomes expensive, labor becomes non-scarce, and the old rules of investing ...