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Showing posts from January, 2025

Grow Baby Grow (or maybe that should be Growth Rachel Growth)

 The UK economy (in fact most of Europe) is in bad shape. Growth has been elusive for the last 20+ years and was at best crawling along,  however Rachel has crashed the economy and hence she has decided growth is the only way she can carry on with her shopping spree. Recently I saw Jon Moynihan on TV discussing growth and the economy in order to plug his new book: Return to Growth How to Fix the Ecomony.  I was impressed with him so decided to order his books.   I am equally impressed with his books as I was with him on TV.  He has managed to get answers to questions I have been pondering. I suggest Rachel orders a copy - she clearly needs to learn about economics. The first question I have been pondering is whether immigration is good for the economy.  Certainly the mantra being pushed is that it's absolutely good for the economy yet I am observing the opposite. Sure it's giving me better world cuisine (although I would argue I don't really need ...

Kier's secret sauce to growth

 Whilst incompetent Rachel hangs onto her job, Kier is trying to distract us from her disastrous management of the economy by claiming he has the secret sauce to solve all the UK's woes.  What could it possibly be? Well it's AI (Artificial Intelligence). He thinks AI will supercharge the UK economy and create growth. Companies who can see benefits from AI are already doing it and he can't force companies to use AI so he probably intends AI to improve government  productivity which is sadly dire. So let's just look at the facts: 1/  The main companies behind AI are based in the USA or China.  Unless Rachel was doing a deal with the Chinese then I suspect Kier will be using USA based AI companies.  I would have concerns over Chinese AI running the UK. 2/ The cost of creating AI is huge (we are seeing the emergence of LLM (Large Language Models) as the way to access AI). 3/ AI is power hungry.  It is forecast to use the equivalent electricity to the whole...