Peoplenomics readers get a little more than the usual economic deep dive today. We begin with the latest ChartPack as markets head toward next week’s Fed decision with energy, inflation, currencies and interest rates suddenly tied together in ways that could make this meeting considerably more interesting than advertised.
Then there’s a complete new book: Test-Fitting Apes: How Economics Goes Bananas. It looks at what happens when AI does to the cost of THINKING what industrial machinery once did to the cost of LABOR—and why the next major economic dislocation may hit the professional “thinking class” harder than the traditional working class. Subscribers get the entire book today, plus something new: the complete book as three MP3 audiobook files for listening in the car, shop, tractor, or wherever else economics happens.
And because the world refuses to wait while books get written, we fire up News Compressor afterward: $100-ish oil, impaired Hormuz traffic, Gulf escalation, Ukraine heating back up, Asian currencies feeling the energy squeeze, and a new Deep-Middle signal worth watching: AI> electricity > nuclear power > sovereign infrastructure. One of those Wednesdays where the ChartPack, the news flow and the new book unexpectedly start telling different parts of the same story.
Next month’s book (writing like mad now) is “Thinking on the Gallows” and it’s about what happens when thinking – as in “routine actions with formatic thought” – becomes the object of mass replacement.
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