6.15.2026 – not sustainable

not sustainable
revenue, any says is …
is a con artist

I came across the blog, Where’s Your Ed At by Ed Zitron.

Mr. Zitron is is an English author, podcaster, and public relations specialist. He is a critic of the technology industry, particularly of artificial intelligence companies and the generative artificial intelligence boom of the 2020s.

In his blog post of June 8, 2026, AI Is Slowing Down, Mr. Zitron writes:

When your entire worldview is dictated by what a series of venture capitalists and psuedo-journalists on Twitter want you to believe, it must be difficult to imagine someone having “morals” or “beliefs” or that one might hold a position that wasn’t entirely based on greed or tribalism.

It must be confusing — upsetting, even! — to hear that somebody is willing to accurately and vociferously tear into a tech industry largely controlled by people with no regard for their users or workers, who are willing to bathe their products in mediocrity all because it’s the thing that everybody else is doing.

This is a hysterical era perpetuated by liars, cowards, imbeciles, craven boosters and the easily-fooled. Those excited about generative AI are either the victim or the perpetrator of a con centered around a technology to ingratiate at the highest cost possible.

Twenty-six percent of companies say they have a comprehensive view of their AI costs, while 50% have some visibility and 22% report no visibility or visibility after billing, according to an as-yet-unreleased survey from KPMG.

“It’s a new resource that needs to be managed that didn’t exist quite that way, and we’re seeing exponential growth,” said Steve Chase, KPMG’s global head of AI.

How utterly ridiculous!

Only in the frothiest, most-disconnected economy in history could we have companies spending millions (or tens or hundreds of millions) of dollars on a service without having any visibility into costs until after billing.

This is not a sustainable revenue stream under any circumstances, and anybody who says that it is is either ignorant, a mark or a con artist.

This is revenue made entirely by convincing your customers that something is true (AI is the most revolutionary thing ever!) and keeping them in the dark as long as humanly possible as they run up ridiculous bills, all in the hopes that you’ve brainwashed the executives/paypigs well enough that they’ll never stop.

What he is saying is that companies are spending big bucks to dig deep into AI.

Spending the big bucks … but getting nothing in return.

The only companies making money on AI are companies that are selling AI.

The companies that buy AI to improve the company are seeing no return for their investment.

But they keep pouring the money into AI.

This is not a sustainable revenue stream under any circumstances, and anybody who says that it is is either ignorant, a mark or a con artist.

There is an old metaphor of rats deserting a sinking ship.

It is taken as a sign that it’s all over the for the sinking ship in that even the rats are leaving.

Four days after this blog was published both OpenAI and Anthropic filed the paperwork to go public, starting a race for exit liquidity for two companies that burn billions of dollars a year and have no path to profitability.

In other words, the people who built OpenAI and Anthropic now what to let other folks take over the financial responsibility for the companies.

They do that by going public and letting the public buy up they company.

Of course that lets the people who built OpenAI and Anthropic to pocket all the cash and walk away.

And let the public deal with the fact that the company they just bought is selling something that no one wants.

That leads to the a moment where all the hopes and dreams and plans and such all burst, like a bubble.

I have been reading Andrew Sorkin’s 1929.

It opens with a bunch of Wall Street big wigs lobbying Congress to get rid of that silly rule that forbids the use of stock for collateral for a loan.

How can the little man make a big hit off the stock market if the little man can’t leverage the money he might make on stocks that he hasn’t paid for yet?

Well, we saw how that worked out.

It is happening again and not just little guys.

Mr. Zitron points out that Larry Ellison has also got at least $21 billion in loans collateralized by his Oracle shares, and any doubts around Oracle’s ability to pay for its debts or OpenAI’s ability to pay Oracle for its compute will threaten massive margin calls.

Eyes wide shut folks.

It isn’t going to be pretty.

We might remember the days of $5 a gallon gas … fondly.

6.12.2026 – come mollygrubs and

come mollygrubs and
collywobbles! come, gloom that
limps and misery

Come, megrims, mollygrubs and collywobbles!
Come, gloom that limps, and misery that hobbles!
Come also, most exquisite melancholiage
As dank and decadent as November foliage!
I crave to shudder in your moist embrace
To feel your oystery fingers on my face

This is my hour of sadness and of soulfulness
And cursed be he who dissipates my dolefulness
I do not desire to be cheered
I desire to retire, I am thinking of growing a beard
A sorrowful beard, with a mournful, a dolorous hue in it
With ashеs and glue in it

I want to be drunk with despair
I want to carеss my care
I do not wish to be blithe
I wish to recoil and writhe
I will revel in cosmic woe
And I want my woe to show
This is the morbid moment
This is the ebony hour

Aroint thee, sweetness and light!
I want to be dark and sour!
Away with the bird that twitters!
All that glitters is jitters!
Roses, roses are gray
Violets cry Boo! and frighten me
Sugar is stimulating
And people conspire to brighten me

Go hence, people, go hence!
Go sit on a picket fence!
Go gargle with mineral oil
Go out and develop a boil!

Melancholy is what I brag and boast of
Melancholy I mean to make the most of
You beaming optimists shall not destroy it
But while I am it, I intend to enjoy it

Go, people, stuff your mouths with soap
And remember, please, that when I mope, I mope!

So Penseroso by Ogden Nash as published in I’m a stranger here myself by Ogden Nash (Boston: Little, Brown and Co., 1937) and meant to be a response to Il Penseroso (“the thinker”) is a poem by John Milton that opens with a prelude to author’s invocation of Melancholy.

Don’t know about that but gosh and boy howdy, if I could sum it all up right now ….

Melancholy is what I brag and boast of

Melancholy I mean to make the most of

You beaming optimists shall not destroy it

But while I am it, I intend to enjoy it

Go, people, stuff your mouths with soap

And remember, please, that when I mope, I mope!

WHY do I feel this way?

It’s like that quote of Robert Kennedy SENIOR along the lines of ‘I dream big dreams and ask, why not?’

I mope and I welcome megrims, mollygrubs and collywobbles, gloom that limps, and misery that hobbles because, why not?

PS: According to wikipedia, At the time of his death in 1971, The New York Times said his “droll verse with its unconventional rhymes made him the country’s best-known producer of humorous poetry.

I was also interested to learn Mr. Nash had lived for a while in Savannah.

For the introduction to The Savannah Cook Book by Harriet Ross Colquitt (1933), Mr. Nash supplied this:

Pilgrim’s Progress is a good book, and so, I am told, is
Deuteronomy,
But neither is to be compared with this epic of gastronomy.
Some people have to die to get to heaven, and others hitch-
bike in fiery chariots,
But really intelligent people stay home alive and have heaven
served to them out of this volume of Miss Harriet’s,
For as everybody knows, life on Savannah victuals
Is just one long round of Madeira and skictuals.
Certainly every schoolboy knows that famous remark made
by the late Mark Hanna:
“I care not who makes our Presidents as long as I can eat in
Savannah.”
If you like dishes made out of a piece of lettuce and ground-
up peanuts and a maraschino cherry and marshmallow
whip and a banana
You will not get them in Savannah,
But if you seek something headier than nectar and tastier
than ambrosia and more palatable than manna,
Set your teeth, I beg you, in one of these specialties de Savannah.
Everybody has the right to think whose food is the most
gorgeous,
And I nominate Georgia’s.

Can’t say why I decided to include but that it made me smile a little bit on a dark morning.

And that piece, Four Seasons Opus 8 – Concerto No.1 (Spring) Antonio Vivaldi Live • Classic FM • Fri 12th is playing on the radio with Joshua Bell .. surely maybe this is my hour of sadness and of soulfulness, but there has to be more to today than this morbid moment.

Otherwise, And remember, please, that when I mope, I mope!

1 week to the Summer Solstice – Sun over Broad Creek on Hilton Head – 6-12-2026

6.9.2026 – still … fundamentals

still … fundamentals
matter but fiction outruns
our reality

Adapted from the opinion piece, Our Stock Market Is Broken (June 8, 2026) by Aaron Zamost, a tech communications consultant and a former executive at Square, where Mr. Zamost writes:

As part of its pitch to sell shares on the stock market, Elon Musk’s aerospace and technology company says it will capture over $28 trillion of the A.I. market (nearly the size of the entire United States economy).

To understand what’s going on, you have to see the game for what it is. Whether it makes sense or not, the market has heavily rewarded Mr. Musk’s utterances for some time. There are parallels to the meme stock phenomenon, in which a company’s shares soar primarily on the strength of viral social media hype.

In Silicon Valley, the result right now is a merry-go-round of profit and consequence-free failure as the same insular coterie of investors, entrepreneurs and banks continually fund one another’s next moves.

Is it any wonder that 67 percent of Americans believe the economy is rigged to advantage the rich and the powerful?

The real question is whether this party will end. Dr. Seru, like many finance experts, says it will. “Eventually, fundamentals still matter,” he noted. But who knows when that might happen? From birtherism to A.I. deepfakes, fiction has outrun reality for years now.

Years and years ago, mostly by accident, I became a webmaster of a publishing company and was accorded all the rights and privileges of being an expert on the subject, not that I was an expert, but that knew more about than most of the other people in the company.

There was one feller who had a title like COO or CFO or something but he was in charge of looking after the companies’ money and he read and accepted all the reports that led to something called the Web Bubble of the late 1990’s.

I was invited to attend his presentation to the board on the ‘Capitalization of the Corporate Website‘ where he presented data and charts that showed, beyond any reasonable doubt, that in 5 years, the corporate website would be worth 50 (not kidding) times the current valuation of the company.

He finished and the room went quiet.

Then the CEO said, “Mike? What do you think?”

I felt all those board members swivel their chairs to look at me.

I knew what I should say but I just couldn’t help myself.

I started by saying that it was a great presentation.

I said that web world was new and full of possibility.

Then said I was no economist but mentioned I had taken basic economics classes in college, like most of them I presumed, and I remembered something called the ‘zero sum theory’ and while I wasn’t sure if it applied, but what came to me when listening to this presentation and thinking of all the other same such stories in the news about other companies, was … where was all this new capital coming from?

There was a long silence and a clearing of thoughts and such.

I think the CFO wanted to strangle me but he nodded.

There was more quiet.

Then the CEO thanked me and thanked the CFO for the presentation and moved the meeting along to other non web topics and I was dismissed.

Later the CEO found me and told me I had said the quiet part out loud.

I said I hoped I didn’t cause any problems.

He told me not to worry and that sometimes someone needed to say the quiet part out loud.

Later when some folks came down the road talking about the next big thing in web world and offering the company a chance at getting in on the ground floor for several millions of dollars, that same CEO confidently said no.

Soon after that I played my ‘expertise’ into a job in online news where I stayed for 20 years.

According to Wikipedia, The dot-com bubble burst on March 10, 2000, which is the exact day the tech-heavy Nasdaq Composite Index reached its all-time high of 5,048.62 before starting a steep, multi-year decline.

Sorry to that fiction has outrun reality for years now.

6.8.2026 – not a transaction …

not a transaction …
a values test – what would you
pay that money for …

Based on the article, The insanity of ticket prices is matched only by our own by Mitch Albom where Mr. Albom writes:

Even the nosebleed seats at the Garden are selling for thousands of dollars. The lower-level good seats are reportedly asking in the $40,000-$100,000 range. Some premium seats have been listed at above $200,000.

All of which makes ticket buying today not a transaction, but a values test. What would you pay that kind of money for?

I can safely say I have never paid anywhere near $1,000 a ticket for any event, of any kind, and I can only think of one thing that would tempt me to go that high, and that would be if all four Beatles reunited (mostly because, at this point, I’d want to ask George and John how they did it).

I live in a resort community.

The type of community where folks own million dollar homes that they use for a week or two out of the year.

The owners fly in on their private jets and are met by their valet driven rental cars.

I see them in their cars and I say, couldn’t afford the car insurance.

Insurance?

I couldn’t afford their gas.

I see the ladies with their styled hair and I say, I couldn’t afford their hair cut.

$200,000 for a ticket to a basketball game?

What would I spend $200,000 on if I had an extra $200,000 laying around?

What would I spend $100,000 on if I had an extra $100,000 laying around?

What would I spend $10,000 on if I had an extra $10,000 laying around?

What would I spend $1,000 on if I had an extra $1,000 laying around?

What would I spend $100 on if I had an extra $100 laying around?

What would I spend $10 on if I had an extra $10 laying around?

I think I have $20 in my wallet but I am afraid to look as I like thinking I got $20 in my wallet and I would feel bad if I found out I didn’t.

Sure sure sure all easy to say.

Truth be told, those who got it, got it and can do with it what they want.

I am reminded of the great Orson Welles on a talk show being asked, “If some gave him an ungodly amount of money … what would he do with it?”

“Give it all away,” Mr. Welles shot back without needing a moment to think of response.

He was quiet for a moment.

Then he said in a very quiet voice, “Of course my answer would most likely be different should someone ever give me an ungodly amount of money.”

But still, oh come on.

Sure it’s exclusive and sure it’s not about seeing the game but a values test.

What do you value?

I am also reminded of something I said to my wife this weekend.

We were at the beach in our beach chairs looking out at the Atlantic Ocean, bright sunshine, fresh breeze and surf and for that moment no one walking in front of us.

It was just us and the ocean.

I said to my wife, doesn’t matter who you are or where you are but if this is your view right now, it’s just like mine.

And it might be good to remember WDJS or What Did Jesus Say?

He said, “For where your treasure is, there your heart will be also.”

If your treasure is in Madison Square Garden … well, so be it, but be warned .. there your heart is also.

6.7.2026 – want majority

want majority
to turn their backs, that is all
that’s necessary

In the New York Times opinion piece, The White House’s Latest Provocation Is ‘Grotesque and Terrifying and Juvenile’, opinion piece writer, M. Gessen writes that the White House’s Latest Provocation is:

… a White House web page, posted last Thursday. And the scary creatures in question aren’t extraterrestrials; they’re the other kind of aliens — the immigrant kind, the kind hunted by ICE.

With phrases like “They do not belong here” and “Deport them all,” the page struck me as an incitement for Americans to commit acts of violence against immigrants.

But Benjamin Valentino, a professor of government at Dartmouth College, thinks that the purpose of the page is not to get Americans to do anything:

It’s to get them to do nothing, while the government commits its campaign of cruelty against millions of people just trying to live in peace.

“They want a majority of the population to turn their backs,” he said. “That’s all that’s necessary.”

I started this bit of nonsense back in 2019 and what I wanted to do was showcase what I thought was use of words and word play worth mentioning both in current news writing and in literature.

I never intended to fall in political commentary and to tell you the truth, I would love to get out of that business and back to showcasing what use of words and word play worth mentioning both in current news writing and in literature.

But I cannot turn my back on what is happening when you read that the Department of Justice states in Federal Court, that in their opinion, the president of the United States, or at least that man currently in office, could bulldoze the Statue of Liberty if he wanted to.

I cannot turn my back.

Especially as, that’s what they want me to do.