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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the…
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由
The Kobeissi Letter
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JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.
Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.
Year-to-date, home prices are up 5.3% which is more than the median FULL year average.
This means that home prices are outperforming the S&P 493, which is the S&P 500 minus 7 tech stocks, on a YTD basis.
All as 8%+ mortgages are on the way and existing home sales hit 2010 lows.
How can this end well?
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Geoffrey Hinton says people still think LLMs are different from us, but they’re not
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Geoffrey Hinton says people still think LLMs are different from us, but they’re not
LLMs don’t just generate words; they reflect how we process meaning:
"they’re our best model of how language works"
old linguistic theories failed to explain language; neural nets using feature
时政
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twitter.com)
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🔥HOLY SMOKES: Tulsi just took apart The Russia Hoax, the Dirty 51 laptop letter, Clapper, Brennan, weaponized FBI in her opening statement — and then it got personal:
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🔥HOLY SMOKES: Tulsi just took apart The Russia Hoax, the Dirty 51 laptop letter, Clapper, Brennan, weaponized FBI in her opening statement — and then it got personal:
"Just 24 hours after I criticized Kamala Harris and her nomination, I was placed on a secret domestic terror
btc
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twitter.com)
00:01:32
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Elon Musk: “The general idea here is just to bring attention to the Wisconsin Supreme Court race, which is just going to be decided very shortly… The most consequential is that will decide how congressional districts are drawn in Wisconsin, which if the other candidate wins,
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Elon Musk: “The general idea here is just to bring attention to the Wisconsin Supreme Court race, which is just going to be decided very shortly… The most consequential is that will decide how congressional districts are drawn in Wisconsin, which if the other candidate wins,
btc
(
twitter.com)
00:02:59
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