It seems that everywhere you look in the financial media these days, there is persistent hype about artificial intelligence (AI) and the companies developing it. Right alongside this great investment boom is doom and gloom about the future value of bonds. Oil, too, is frequently covered for two reasons: the inability of oil futures prices—which seem suspiciously low—to reflect the long-term effects of what is happening in the Persian Gulf, and the high prices of refined products such as gasoline and diesel, where the real squeeze seems…

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