Re: "DeepSeek" - China AI App Shakes Up Tech Markets

The Natural Philosopher <tnp@invalid.invalid> wrote:

On 29/01/2025 14:18, D wrote:
 

"At my age, going back means giving red envelopes to the younger
generation, and I simply don't have the money to do that," he told the
Financial Times.
How the economy in China and Sweden fared China Sweden
GDP growth 5.0% 0.6%
Inflation 0.2% 2.8%
Unemployment 5.1% 8.4%
Public debt/GDP 84% 34%
Note: Swedish figures are Nordea's latest forecast. China's figures are
a combination of outcome and forecast
Source: Nordea, IMF
 

 
The problem is the rise of fairly dictatorial governments everywhere who
think that:-
 
- economists actually understand and can accurately model, economies.

Given that 90+% of "the economy" is built upon how individual members
of that economy emotionally feel things "are" at the given moment in
time, this point *should* be readily apparent to everyone.  Of course,
if one begins without the understanding that 90+% of "the economy" is
based in "emotions" then maybe it is easier to believe that the
economist's 'predictions' might have some merit.