The reason AI prosperity will resist this economic winter

According to old-timers, you can see signs when a cold winter lies waiting. The street becomes covered with acorns from oaks, and ready-to-shell nuts from pecan trees are everywhere. Also, look out for some high heating bills.

The old-timers offer similar advice for the economy. Take the hemline prosperity theory, which historically says short skirts predict prosperity and long ones predict hard times. Although there’s a lot of variation out there, in my take on the football crowd, dresses are almost touching the floor and worn with sturdy cowboy boots, no less. Meanwhile, there’s renewed chatter about a recession.