The Pomp Podcast
00:50:02 · Anthony Pompliano
[00:50:02] S1: over the But but you were and I can say, you can't say, that's fine. Alright. Wanna do two more things before we let you go. The first thing is, I'm gonna, read... We're gonna have a little fun here. Okay. But, after I get done having this fun, I want you and I both to share one thing we did with AI this week that is actionable for, for people. But the fun part of what we're gonna do today is, me and mister Matt Marlinsky, we collected this week all the best memes, all the best jokes coming out the midterm elections. I wanna read you a couple of them. If you're an AI, pivot to daycares. Pretty good one. Somebody said, Mamdanistan has expanded its borders, took it over The United States. Somebody said, we're putting miss Rachel on the $100 bill. And I have to read only the appropriate ones here. Trump got regime change in Texas before Iran. I mean, there are, like, old timers. Elon Musk and Joe Rogan moved to Texas to escape liberal California and inadvertently turned Texas blue for the first time in thirty years. And I, you know, I read some of this stuff, and and as much as I'm joking around and, you know, there... There's things that are, obviously hilarious jokes, but then there's things that have, like, these truths to them. Yep. I think that it kinda comes back to this idea of, like, the people aren't fooled. Right? And, one of the ones that really got me and and could open my eyes, Raymond James put out a chart that showed Trump's approval rating mapped onto the gas prices. I mean, it is like, might as well be identical twins in each direction. Right? And as gas prices got worse, the approval rating. And so I do feel like, one, we live in this world where information moves at the speed of light. And and I saw a a picture, and it was basically taking, I think it was men under the age of 35. And they started off on the blue side of the aisle. And then it basically showed that then they went to red two years ago when they voted for and had this big red wave. And then the chart very nicely drew, like, a U-turn back to blue, and it was, like, you know, plus 36 for whatever it was. And what that tells me is that's not a left or right thing. That is a group of people in search of solutions to their problems, and they don't know who can help them. Right?
00:52:08 · Anthony Pompliano
It's like, you know, they're they're blowing in the wind of whoever says, well, the people in charge right now suck. I promise I'll do better. Mhmm. And it's just like you just vote for the party that's not in control back and forth, back and forth. Because the truth is, like, can either one of these parties solve the problem? Probably not. Like, we just print money and affordability gets worse, which means that to your point, like, the AI trade has to find a bottom at some point, but it also has this massive tailwind, Bitcoin, gold, you know, stocks, whatever. Like, at some point, the money printer just takes over. Right?
00:52:44 · Jordi Visser, Anthony Pompliano
[00:52:44] S3: No. So I'm I'm not as... The the money printing, if... And again, I'll I'm I'm gonna couch this with with one thing. When you say gas prices in Trump's approval rating, you have to remember that the war moved gas prices. Agreed. The war moved rates because oil moved rates, and then they had to respond to rates moving higher because inflation risk went higher. I don't think it can be minimized how a lot of people voted for Trump because he promised no more wars, and there was a war, and it made the affordability issue much weaker. I think everything has been a major issue in The Middle East. I think it's divided a lot of the country, I think it's been a major issue. So I I I think getting back to the printing side, everyone has a job, There's no... Nothing showing up in bankruptcies. There's nothing showing up. I I I just think people are... I just think they're they're fed up and they're angry. The deficit's not going away. That's what keeps the growth going along with the AI spending, and I just think the government's gonna be more involved, and I think bigger government's there. I I did see something interesting that of the people elected and of the people that are securing these places, we're actually moving less and less centric in terms of the people that are getting voted in. [00:54:08] S1: Mhmm.
00:54:08 · Anthony Pompliano, Jordi Visser
[00:54:08] S1: Mhmm. [00:54:09] S3: Meaning, you're getting more extremists coming into this on both sides. Yeah. A 100%. And that's that's a little dangerous place to be because then again, you really don't know what's gonna happen. And that is a big change that I think this election showed, is just extremism is becoming a much bigger part of our political system. Meaning, the way I see it is the left and the right are getting further away from each other, and the policies that they're both thinking of actually make it very, very difficult. Okay. We're gonna spend a ton. Okay. We're gonna spend nothing. That's kind of the issue is what I I see is that it's actually getting impossible when you're starting from a 6% deficit, which Trump tried in his head to get down, then he tried to grow his way out. Now neither of them is gonna work. Mhmm. And so now you have this extreme of we're gonna have to spend lots of money or we're gonna have to us to become austere. I don't think either of those is gonna work, which means I think we're on this Lyn Alden, nothing stops this train. [00:55:07] S1: Yeah. I think she's a 100% right on that. I thought you were gonna drop some memes there for a second. Thought you brought your own, but I noticed you didn't comment. Alright. It's alright. No no fun police is out from Jordi. Will you tell us one way that you actually used AI this week?
00:55:07 · Anthony Pompliano, Jordi Visser
[00:55:07] S1: Yeah. I think she's a 100% right on that. I thought you were gonna drop some memes there for a second. Thought you brought your own, but I noticed you didn't comment. Alright. It's alright. No no fun police is out from Jordi. Will you tell us one way that you actually used AI this week? [00:55:22] S3: Okay. One, was just taking a bunch of charts from hedge fund. So one of the great things about what it's able to do now is I can take multiple charts and put them into one place and get them to basically extract what looks like the data visually. It's now good enough to do this, which was not the case six months ago. [00:55:44] S1: You put in the chart, and then it gives you the raw data. Yeah.
00:55:44 · Anthony Pompliano, Jordi Visser
[00:55:44] S1: You put in the chart, and then it gives you the raw data. Yeah. [00:55:46] S3: It it it effectively gives me an approximation of the data, which is very close. So what I would do is take a Bloomberg chart, put the chart in, then give it the data after it gave me the approximation of the data, and then say, how off are these? Where did you make a mistake? Almost fine tuning it to work. The reason this becomes important is because if I take a chart from Twitter that's got a certain timeline, and I take one from Bloomberg, and I take one from the Feet, and I take one from there, and I put them all together and say, hey, show me these charts as one chart, That's something I've always wanted to do in my life, was take one visual, match it up with another, so I did that. The other one is a little more boring, but I think it's it's something that's bothered me for a long time. And I probably could have done this in Google, but this is one of the reasons why if people don't use it for even simple things like asking it complex questions, so I I literally went in and said, I have a really nice shirt that I bought only three months ago, and I made the mistake of, I drink some olive oil in the morning, it's a health tip for you as you get older. [00:56:49] S1: High calories, but good for you? [00:56:51] S3: Good fats, yes. It's good. I have [00:56:53] S1: I'm Italian, you think I don't know that trick? Go ahead.