Oracles, Estimates, and Apples…Oh My!
Welcome to the inaugural Friday Wrap, our weekly survey of the economy, Wall Street, Silicon Valley, and the bureaucrats who pretend they can read the future by staring at spreadsheets. If anyone from the Trump administration is reading this, nothing here qualifies as grounds for a “for cause” removal.
This week, Oracle proved you can shout “AI” and add the GDP of a mid-sized nation to your valuation overnight. We learned that ultra-wealthy tech titans still dream of being media moguls. Apple proved brand loyalty has a price ceiling, and it’s apparently $1,099. The Bureau of Labor Statistics (BLS) proved government statistics are basically astrology with spreadsheets. Inflation has come down with a split personality. And the Federal
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