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My newsletter covers business, economics, politics, and media, with the occasional recipe or art material review. It's free and available at eriksherman.substack.com
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Erik Sherman (@eriksherman.bsky.social)
58.9K posts
Erik Sherman (@eriksherman.bsky.social)
@ErikSherman
Biz/econ/finance/tech/politics writer. Art, food, craft. Pitches: query at eriksherman dot com. DMs open. Cranky is as cranky does and I do often.
Crankyville Katılım Aralık 2008
1.4K Takip Edilen6.8K Takipçiler
@Claudia_Sahm You have to add "duct tape" to the prompt.
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Claude, help me design a campaign to get Powell to stay for his full Fed term until 2028. 👇
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From me on @GlobeStcom: "Some Fed Officials Warn Rate Hikes May Be Ahead"
globest.com/2026/05/04/som…
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@csooran @serenelyjoyful I think it's more complicated, although smart companies don't cut good people. However, many companies think they're smart and do stupid things. And people who start in using these tools instead of learning the basics may lack the knowledge to handle problems going forward.
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I think the smart companies don’t cut the *good* developers and the ones who are adaptable. Laying off the inflexible clears the decks to hire software engineers who are well-versed with how to use these tools. Ironically, now may be the best time to get into computer science. So many of the tourists are bailing on the profession.
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Theory; the conventional market wisdom on AI productivity gains is too skeptical on the timing of AI productivity gains.
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@csooran @serenelyjoyful Unless companies get rid of the software experts (including UI design), assuming that the vibe coding is enough. Some companies will be smart to avoid the trap. Many won't. Also, timing of AI borrowing by the vendors, which I think is going to be highly problematic.
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I think one of the biggest problems in software, traditionally, has been the information/judgment gap between the people with the problem (the business) and the people writing the code. They just can’t understand themselves that well. A good product manager can bridge that gap, but the gap persists.
AI eliminates the gap. The end user, in vibe coding a solution, can show the problem to coders in a way that the coders can understand. The coders then build a real app.
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@RachelBitecofer All while the economy is cracking. Unfortunate combination.
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Just to remind everyone, things will only get worse from here in terms of human mental capacity.
Andy Smarick@smarick
In 10 years, we'll realize young adults can't read, write, or think as well as they should. We'll wonder how we allowed students to offload huge chunks of their learning to AI. Today we're just watching it happen. This is the most obvious unforced error of our time.
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@LongStone @CaitlinPacific @HJoyceGender @IlhanMN @Ayaan Her pic is there because she's the article's author.
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@CaitlinPacific @HJoyceGender If you want a picture of embarrassment you should be using @IlhanMN NOT @Ayaan
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When I was young, the Southern Poverty Law Center was one of the most respected organizations in the country. To see what it’s become over the past 25 years is shocking. It’s now beyond the point of redemption. thefp.com/p/ayaan-hirsi-…
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@CaitlinPacific Years ago I looked at their public tax filings and was shocked at the hundreds if millions they had been socking away.
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They'll also promote having your kids use more tech products while restricting their own kids.
Corey Walker 🇺🇸@CoreyWriting
Billionaires will tell you education doesn't matter and to learn a trade while sending their kid to a $60k/year prep school and working their connections to land them a spot at Harvard.
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@CaitlinKellyNYC They also don't mind putting people into a position of having to explain "dumb" concepts, which can be telling.
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@davidzmorris You're also setting conditions that increase the chance for creativity to flourish.
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The crucial part I omitted here is this is actually a way to psyop yourself into working. I inevitably wind up getting real work done when I sit down with the lowest possible expectations.
(Source: that's literally what happened after I tweeted this)
David Z. Morris@davidzmorris
One of my writing practices is what I call "poking it with a stick." This means sitting down to fiddle with a large project with no goals or agenda at all. I'm tired. It's Saturday. So today I'm just gonna sit for a minute and poke this Tornado Cash script with a stick.
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LOL. Détente night replaces date night.
Caitlin Flanagan@CaitlinPacific
It’s not a series of apologies. It’s a war of attrition.
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@DoughertySean @GeneSohoForum Too many discussions by people who don't understand the fundamental dynamics: market, social, and governmental. Invoking Edmund Burke (and generations of engineers and technicians) for a moment: don't "fix" a system until you understand how it currently works.
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@GeneSohoForum There was an article in the Las Vegas Review Journal yesterday reporting on our higher-than-average eviction rates here. Rents went down overall last year. It’s mostly because of increased supply - but that owners can kick out people who don’t pay probably helped.
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Owning a home is not natural, although nearly 2/3rds of US households are homeowners & a little over 1/3rd are renters! Home prices are a social product that vary wildly though time & place! Home prices need to be regulated, along with the right of homeowners to RENT their homes!
David Madden@davidjmadden
Rent is not natural. It is a social product that varies wildly throughout time and place. Not regulating it is as much of a policy choice as regulating it. If you think rent control comes with downsides, you also need to reckon with the downsides of uncontrolled rent.
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@CaitlinKellyNYC @davegreenidge57 There are times you are too kind.
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@ErikSherman @davegreenidge57 He is such a rube
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The waist coat should not be peaking out from underneath the tailcoat. And you would think the V.P. could afford a proper taylor like the gentlemen on the right. Vance looks like Forrest Dump.
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From me on @GlobeStcom: "More Americans Are Earning Their Way Out of the Middle Class"
But it's trickier and less certain than it sounds.
globest.com/2026/05/01/mor…
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@CaitlinKellyNYC @davegreenidge57 Normally I wouldn't comment on someone's clothing, but one glance made me think of jodpurs.
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@davegreenidge57 the $$$$ they have never correlates with class, taste or elegance
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@Frank_Strong I don't see how a lot of the gen AI rush is sustainable. It would have to get massive buy-in from most companies, and that's only possible by eliminating a lot of jobs. Then you have big numbers of people who can't afford to spend, which kicks the stands out from the economy.
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Open AI’s cost of infrastructure is estimated at $1.5 trillion.
Or the equivalent of the U.S. defense budget this year.
(Source: WSJ)
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Not at all. Anyone assuming that technology always creates more jobs than it eliminates should look at the following:
news.mit.edu/2024/does-tech…
Austen Allred@Austen
Sometimes it feels like I’m the only person who thinks AI will create far more jobs than it destroys. Isn’t that the obvious outcome of this?
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@tyillc Current owners take the loss, maybe some on the lender end, but depending on the type of lender, the percentages of loans in danger is pretty low. Mostly the troubled ones were done in 2021 to 2022.
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So who is absorbing all the losses on commercial real estate ... at both the lender and equity investor level ....
kristen shaughnessy@kshaughnessy2
84% Discount on Mortgage Loan Chicago’s Commercial Real Estate Crisis 23 story office tower at 200 W. Monroe St. in Chicago’s Loop 2014. -$100 Million 2026 - $16 Million “…They paid about $16 million for the loan note, far below the $75 million face value of the loan taken out in 2014 by the current property owner, Hallandale Beach, Florida-based Accesso Partners, according to an earlier Crain’s report…” @trdny
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@JulieChangRE Because I was curious how a generative AI system would respond.
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@ErikSherman You can’t use its data without checking the source. Why would you ask AI the 10 year?
You can ask it to go find you 3 sources of economic data from feds or states etc but the data itself- Claude lies
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People make numbers up when you can just google or ask AI or even look at government stats
Amazing
Then same people tell others they should go learn economics
Sorry numbers are not economics
It requires looking for them though
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@JulieChangRE You might think so. I've found it quoting wrong numbers on things like the current 10-year yield. I can't afford to have wrong data in my work.
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@ErikSherman AI doesn’t replace having a brain and logic but it sure can help you find sources of public data
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