The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
D
Deflationary Force (AI as)
The productivity of software engineers will go up a lot. This is a deflationary force — and one that will displace a lot of jobs.
Developed Markets Premium
In the past, developed markets traded at a premium to emerging markets; we had a stable political system, a stable and more diverse economy. That premium was earned, not given. And it is quietly eroding.
