November 23, 2024: Miscellaneous Musings: Protectionism / Interest Rate Reactions / No Coding

Let's look at the world.

Economy

Raising US tariffs is protectionism, so it's not about importing products at higher prices and raising prices, it's about not buying things. (Question: Trump raised tariffs on China, but trade volume actually increased. How can this be explained?) During Biden's administration, there was inflation and the cost of living crisis. Trump's previous administration was deflationary, and he wouldn't tolerate inflation. He'll use AI and oil to control inflation. Looking at South Korea's tax revenue shortfall and the closure of self-employed businesses, I believe the South Korean economy will deteriorate significantly. South Korea's domestic demand has shrunk, and exports are declining. ("link : Kwangseok Kim)

In the early days of the Trump 2.0 era, there will be a strong dollar, but eventually, in order to be able to buy more American goods, tariffs will be raised, and eventually, it will try to move towards a weak dollar. What the US wants is to eliminate the trade deficit. ("link : Gunyoung Oh)

Don't invest like before just because interest rates are being cut. The idea that the Fed will cut interest rates, so you should buy long-term government bonds now is dangerous.The reason is that, unlike before, even if the Fed cuts interest rates, long-term government bond yields will not fall sharply. The Fed controls short-term interest rates, while long-term interest rates are determined by the market, so long-term interest rates will only fall if the real economy deteriorates. Currently at 4.5%, the long-term bond yield needs to reach 5.5% before it changes.link : Suncheol Lee, CEO of Fruits Investment Advisory)

Bitcoin research saying it will reach $200,000: Due to increasing polarization, the wealthy need assets that cannot be confiscated. Let's hold it long-term, only to the extent that we can sleep well. ("link : Hyoseok Lee)

AI

chrome extension : If you install this, YouTube will be automatically summarized through ChatGPT.

🌟"Why Palantir surpasses AGI and dominates the world: The ultimate collaboration between humans and machines!"🔐 : ONTOLOGY : It's a truly amazing company. I agree with this idea. Therefore, I need to study more. The problem is that I have to find what I need to do (DATA analysis).

Mistral AI service introduction (Free): Try Mistral AI LE CHAT:https://chat.mistral.ai/chat When creating GPTs, you can also ask Mistral how to set the agent and then input it.

Interest Rate ETFs

Time Management - For those who are J-type in MBTI

[2025 Planner Recommendation] ⏰How to create results with just one time management system! | MTS Notion Template | 2025 Diary | ft. Free Time Management E-book Sharing : It shows insight into how to classify and connect individual tasks. MTS Secretary

AI web programming using bolt.new (No Coding)

Access bolt.new and enter the following prompts to complete without coding except for entering the API_KEY.

Prompt 1: Create a web page that summarizes the content of the YouTube videos we watch, like Bookly, using the URL, and allows us to add our opinions and manage them.

Prompt 2: Access the entered URL and automatically display the YouTube title and video content.

--> The video content should appear automatically, but this is not included here, and it needs to be asked to ChatGPT.

Prompt 3: A button called "Show Problem" appears, and clicking it will automatically fix it.

Prompt 4: Use the API to retrieve and display the YouTube title and description. No video summary is needed.

-> The above ChatGPT-related content is removed, and it is changed to retrieve the title and description from YouTube.

Prompt 5: It says "Failed to retrieve video information." Please tell me in detail what part failed.

-> The API_KEY was wrong.

(Complete)

Result: web hosting...