Canadian Housing Bubble: Toronto sales down 40% YOY in March

Has a correction arrived and about to reverse course, or is the bubble just now feeling the pressure of the pin?

Let’s translate the numbers that came out from the Toronto Real Estate Board, a report that should be taken with a grain of salt considering the conflict of interest they have in reporting the truth:

TORONTO — Canada’s largest real estate

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Would you take financial advice from a lottery winner?

Obviously not, right?

What advice could possibly benefit you if the person lost thousands, possibly tens of thousands of dollars before lucking out and striking it rich?

Finance articles are littered with survivor bias — something important to know when facing a barrage of unsolicited advice from nobodies suggesting what to do with your money because i… Read more

Another Tesla Autopilot fatality: man selflessly gives up his life to train AI

Another naive software engineer bites the dust in Silicon Valley for not heeding the warning signs this blog has pointed out: outside of games with rigid rules and a finite set of moves, current AI is mostly just plain stupid.

In the awe of AI like AlphaZero, believing that AI will take over the world because of its dominance in linearly defined subjects such as … Read more

Thursday Thoughts: the promise for more “free” things and the bursting of bubbles

Any politician should be endlessly ridiculed for using the word “free”

“Free” means without cost, and clearly every “free” thing promised by the government comes at a steep cost — the complete opposite of free.

The “free” daycare promised by the current Ontario government which would saddle Ontar… Read more

A new religion is born: are we living in a giant computer simulation?

Very recently, a theory has been gaining traction that ponders whether we are living in a giant computer simulation, not much unlike The Matrix:

The theory of life as simulated reality isn’t particularly new, but due to prevalence of computer technology in our daily lives, many agnostics and atheists attempt to fill their “God of the GapsR… Read more

Okay, maybe it’s time to fear, AlphaZero is here

In No need to fear, AI domination is not near, I stated:

Only when a self-learning AI can teach itself the complexities of the world from first principles should we fear AI growing a mind of its own.

In the world of chess, poker, Go and Shogi, I suppose we do have something to fear because there have been significant leaps in achieving game theory optimal play us… Read more

The pot calling the kettle black Part 2: Tim Cook criticizes Facebook for out-Appling Apple

In a prior article I wrote about a different pot, George Soros, calling the same kettle, Facebook, black, noting the similar approaches of both parties profiting off of propaganda, whether it be through the Open Society Foundation, media and academia on Soros’ end or social media on Zuckerberg’s end.

Recently, Tim Cook has come out in favouRead more

Time to fear, AI assisted domination is here

Yesterday’s article points out that AI is far away from having a mind of its own and robot domination is irrational and unfounded.

However, that doesn’t mean that the role of AI is diminished in today’s world. In fact, a dangerous precedent is set when AI is used to accompany nefarious human behaviour.

When not used in a nefarious manner, i… Read more

No need to fear, AI domination is not near

In light of the recent news of a self-driving Uber car killing a pedestrian and Computing Forever’s warning of a pending AI takeover, it’s time to take a step back as usual and look at this issue from an unemotional, rational perspective.

Most of the “breakthroughs” in AI recently have been the result of big data mining. Computers g… Read more

I’m “grossly offended” by the Count Dankula verdict. When do the lawmakers and jury go to jail?

When any group of people determine what constitutes “fake news”, or “hate speech” or something “grossly offensive”, they have clearly proclaimed themselves as the moral arbiters and the all-knowing Gods of the world. Hence, we end up with their relentless demands to be all-seeing as well. Feeling entitled to acc… Read more