Does it even make sense to trust rating agencies?

2022-06-11 13:52:55

No. Agencies do not cope with the basic task - they cannot objectively assess the creditworthiness of the borrower.

The company that is evaluated pays for the valuation. There is no transparent methodology for calculating the rating that can be verified. Rating agencies are not responsible for the ratings given. Geopolitical interests influence the ratings of agencies.

Usually, rating agencies seriously overestimate ratings for the country they come from.

Agencies twist countries' sovereign ratings

Storm petrels of the crisis How the actions of rating agencies led the world to financial collapse

What you need to know about ratings and rating agencies

How credit ratings agencies rule the world

Accuracy 40

Why can a war start in Kazakhstan as in Ukraine?

2023-06-12 02:08:31

If Kazakhstan prohibits, seizes Chinese or Russian private property or prohibits companies with owners from Russia or China

The war in Ukraine began, among other things, because Ukraine began to prohibit companies with owners from Russia from working, and Russian business was forced to sell its assets in Ukraine for nothing

Astana's pro-Western course will lead to the collapse of Kazakhstan's statehood

U.S. takes control of Kazakhstan

Will there be a US technical default in 2023?

2023-05-17 20:18:24

No, raise the debt ceiling

Both Republicans and Democrats are in favor of raising the national debt ceiling, but Republicans demand to cut spending

In 2011, it was possible to agree on raising the amount of debt only three days before the “deadline”. The compromise was eventually reached after President Barack Obama's administration agreed to cut defense and other spending.

The US threatened to default on June 1: how it happened and what to expect

Are the possibilities of artificial intelligence as limitless as we are told?

2026-01-06 13:06:05

No, there are limits to learning. The fast results create a sense of limitlessness.

Modern artificial intelligence models require a huge amount of electricity for training and work. There are physical limitations to computing power — transistors are no longer decreasing so fast. Only a few companies in the world produce advanced chips for artificial intelligence. This means that the zoom cannot be infinite. There are also limitations in terms of global data and knowledge — the amount of data available is limited. The AI industry is also facing a shortage of skilled workers.

Marketing and media often exaggerate the possibilities, ignoring the limitations. AI's capabilities are limited by physics, not just imagination. Equipment, energy, and data are limited. There will be no unlimited AI without new breakthroughs in physics and cognitive sciences.