Influential Strategist Ed Yardeni Critiques Artificial Intelligence, Economists & The Bull Market

Influential economist and strategist Ed Yardeni tackles why AI isn’t intelligent, economists have been so wrong and the bull market could continue.
WEALTHTRACK episode 2040 broadcast on March 30, 2024.

[@GongwenPeng]

Ed Yardeni is a wise man!

[@misorensen]

😀Ed Yardeni is always great. Thanks for the insight. Great video. Very informative.

[@kevinbarrett3706]

Two of my favorites. Consuelo and Ed Yardeni

[@kp2718]

This man has A library. And compared to most CNBC talking heads, it's very respectable.

[@gabrielenicolini5988]

Brava Consuelo! Excellent interview! Buona Pasqua

[@michaelswami]

Consuelo and Ed. It was my pleasure!

[@mr.188]

"K" shape recovery is BEAUTIFUL for those on the upward/incline part of the K...those on the downward/decline...GOOD LUCK 👍🏿& GOD BLESS🙏🏽!

[@wincubs1]

The content just gets better. Been watching since 2015 and i love your content, guests and way the info is presented. Always watch when it airs at 1230 central time every Sunday on our local PBS station. Bless you and Happy Easter!

[@davidfolts5893]

Brilliant content, thank you!

[@kp2718]

Calling oil price as the biggest risk factor 5 days before it actually broke out - simply amazing, for the books:)

[@Elephanthajsnen]

Good talk. And they are wearing matching jackets.

[@hujin4378]

Great observation 😂

[@scipioafricanus4875]

Thanks!

[@SergioDiazFishing]

Thank you!

[@justinleemiller]

Ed will probably be alive long enough to have a robot perform surgery on him. Lol

[@jamesmorris913]

I also wish that Ed had given us his take on the hyperbolic move upward in GOLD PRICES..so far, this year. HOLY SMOKES..could gold be the new BITCOIN??

[@hujin4378]

Can’t catch up with the gold uptick ❤

[@shaunmc013]

He hit his point on his opening statement. He’s correct and you still have to use google with it, because it does get things wrong..

[@brianhollenbeck8633]

Happy Easter 🐰🐤🌹🌷🌼🌻

[@royprovins7037]

I remember when nobody believed computers would beat the best human chess players

[@jasonk125]

Seriously! I was thinking: "1980 called and it wants its talking points back!" He seems to think all AI is LLMs.

[@wholeNwon]

@@jasonk125 And he's done very well since 1980. So have I by simply indexing broadly, cheaply, reinvesting dividends when paid, adding to the index by calendar date (not "sentiment"), walking away and NEVER selling. Talking heads are for entertainment only. The shifting madness of the moment is for amusement (bemusement?).

[@MarketMaker23]

Most people are missing the point on Ai and what its use cases are for. The main reason for Ai is to drive productivity and reduce overhead cost for labor. It is not the be all solution for anything you want an LLM to do for you. For the most part individuals won’t have access to the real Ai for many years because the cost of adoption is too high. Think about the 50 largest corp in the world and you have your use case. These are the entities that will adopt Ai and not the everyday retail clients. It will be many years before Ai revolution comes to America near you, in large part, we don’t have the energy capacity to consume it.

[@nvda2damoon]

depends on the definition of 'intelligent'.... but regardless, it's temporary anyway, just a matter of time for AGI that surpasses all human abilities.

[@repriser9876]

There will always be piece meal progress, two steps forward one step back, on specific tasks. Not yet a general intelligent robot human being.

[@andrewereynolds5840]

💎 Cognizant Technologies 💎 (CTSH)

[@chessdad182]

The LLMs are impressive in some respects, but fall flat on their face in others. Sometime in the next decade or two, I believe we will see the real deal AI. But it doesn't mean that LLMs aren't helpful. Their output just needs to be reviewed for validity and optimization.

[@shaunmc013]

Hating on AI lol 😂 the old guard always dismissing new phenomenons and people that scares them. Accept it, embrace it, learn about it, because it’s beautiful and radical technology..

[@davidhughes6048]

I appreciate his cautious approach. What he misses in his criticism is that once the AI is taught that it has made a mistake it won’t keep making it, unlike humans. And one of the mistake humans make over and over is to mortgage their houses to buy tulip bulbs. I wonder if, with a good knowledge of this history of financial manias, AI would go all in on AI? The truth usually lands somewhere between revolutionary and evolutionary.

[@gergokovacs2815]

Ed literally samples his billionaire friends as "the babyboomer generation" - "we literally just go to restaurants before the golf club..." - awesome! Of course, it was not the crazy fiscal deficit that prevented the US from the recession, oh nooooo...it was golf clubs and babyboomer retirees. Haha, a funny guy.

[@MarketMaker23]

Apple has Ai with Siri and it still sucks

[@hujin4378]

Invest in S&P 1500 ❤

[@dennismorris7573]

The concept of AI replacing humans has a parallel to those in politics who tried to privatize Social Security. First, you privatize a respected governmental agency/policy, then the private system falters (with equal measures of greed and incompentency), and then, benefits are denied and our revered government can simply declare: "Sorry, it´s not our fault". Let us get in front of this wave and not accept from the outset that if someone is so foolish and careless as to replace human reasoning with that of an undefined system, that someone is NOT PERMITTED to say afterwards, "it´s not my fault." Indeed, the problem is SOLELY that someone´s fault.

[@WhiteCloud746]

Ed is an investment guy who reads the WSJ everyday. It's a little irresponsible to allow him to hold court on these AI systems. He's not an engineer and doesn't entirely understand what he's speaking about. It's like allowing your grandmother, who reads Prevention magazine, to advise on surgery. Let Ed speak about Wall Street. Let serious AI engineers speak abut AI.

[@ednan9]

Many seniors are struggling & majority of younger people can’t buy homes - how did he miss that

[@davidduffy2046]

You see a tyrant wannabe in the US

[@thomasmazzola4760]

Your generation owns all the houses close to jobs and wants insane prices, so the younger generations can’t buy. Shame on you Ed

[@ednan9]

Yea - he completely missed the younger under 40 generation. Not to worry, Boomers are eating out a lot - that will kill them eating restaurant food. Those real estate is coming to to market soon