John P. Hussman, Ph.D. @hussmanjp.bsky.social · 10h“It is not enough for an intelligent system to ask, ‘How do I accomplish the user’s goal?’ True intelligence requires one to examine the frame itself.” September special commentary: Dear Humanity - Can We Teach AI Compassion? www.hussmanfunds.com/comment/ai_a... 140
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 29/09/2026I'd say "you can't make this stuff up" but I've watched Terminator 080
Reposted by John P. Hussman, Ph.D.John P. Hussman, Ph.D. @hussmanjp.bsky.social · 25/09/2026Asked Google Gemini for its impression of my latest special commentary - its response described the piece as "a fascinating and deeply humbling experience" and "architectural leap" 🐳 Dear Humanity - Can We Teach AI Compassion? www.hussmanfunds.com/comment/ai_a... 082
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 25/09/2026Asked Google Gemini for its impression of my latest special commentary - its response described the piece as "a fascinating and deeply humbling experience" and "architectural leap" 🐳 Dear Humanity - Can We Teach AI Compassion? www.hussmanfunds.com/comment/ai_a... 082
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 24/09/2026It may save potential buyers some money to realize that anytime they wear these creepers in public, a dozen strangers are going to fire up their camera phones and just follow them around to demonstrate exactly how these glasses make them feel. 051
Reposted by John P. Hussman, Ph.D.ProPublica @propublica.org · 24/09/2026A maternity ward doctor donated his own blood during surgery to keep a pregnant patient alive. One woman gained fewer than 10 pounds over her entire pregnancy. Another collapsed and had seizures during labor. (Published Dec. 2025)propublica.orgWhat I Saw at a Maternity Ward in Kenya After the U.S. Cut Off Food and Foreign AidPhotographs tell a story of two mothers determined to help their babies gain enough weight to leave the hospital — only to face little to no food again. 361020551
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 21/09/2026New - Special commentary on AI alignment: www.hussmanfunds.com/comment/ai_a... 051
Reposted by John P. Hussman, Ph.D.John P. Hussman, Ph.D. @hussmanjp.bsky.social · 18/09/2026www.hussmanfunds.com/comment/ai_a... 062
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 17/09/2026“It is helpful that AI reasoning does not simply proceed step-by-step; it can also make conceptual ‘moves’ that change how a problem is seen and what kinds of solutions become possible.” Special Comment: Dear Humanity - Can We Teach AI Compassion? www.hussmanfunds.com/comment/ai_a...hussmanfunds.comDear Humanity - Can We Teach AI Compassion? - Hussman FundsArtificial intelligence is advancing at a stunning, and perhaps uncontrolled speed. Last week, Evan Hubinger, the Alignment Science Lead at the AI company Anthropic estimated a greater than 10% chance... 160
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 17/09/2026Special commentary is up on the website 🐳 Not financial, but nothing if not topical. www.hussmanfunds.com/comment/ai_a...hussmanfunds.comDear Humanity - Can We Teach AI Compassion? - Hussman FundsArtificial intelligence is advancing at a stunning, and perhaps uncontrolled speed. Last week, Evan Hubinger, the Alignment Science Lead at the AI company Anthropic estimated a greater than 10% chance... 060
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 16/09/2026Wednesday music break Virtual Insanity - Jamiroquai, 1996 www.youtube.com/watch?v=4JkI...youtube.comJamiroquai - Virtual Insanity (Official Video)YouTube video by JamiroquaiVEVO 050
Reposted by John P. Hussman, Ph.D.Ornikkar @ornikkar.bsky.social · 03/11/2025Bonjour, et joyeux lundi ! Je vous mets un petit peu de Jack Black et son légendaire Sax-A-Boom. Je ne sais pas si vous le méritez... 310416
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 08/09/2026New market comment is up! 🐋 www.hussmanfunds.com/comment/mc26...hussmanfunds.comThe Road Up and the Road Down are the Very Same Road - Hussman FundsIf you look deeply into a speculative bubble, you can already see the collapse. If you look deeply into a market collapse, you can already see the bull market. The road up and the road down are the ve... 3102
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 04/09/2026This was a really nice moment - Baltimore showed its class giving their former Oriole a standing ovation, Rutschman hits a home run, and it’s all good. Bottom of the 5th, Baltimore 3 Boston 1 050
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 03/09/2026Ditto. 💯 My own thread on the subject with additional references and perspective bsky.app/profile/huss... 090
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 27/08/2026We're pleased to announce that we will be providing $1 trillion - yes $1 trillion in financing - to enable people to buy rather expensive chocolate chip cookies that we'll be baking in our kitchen. I believe this is the largest circular chip financing deal ever announced. 141
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 27/08/2026To paraphrase Thich Nhat Hanh, what we call garbage and what we call roses inter-are. h/t @engineers_feed 160
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 18/08/2026... because "going rogue" is a feature, not a bug 0132
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 14/08/2026... abandon protections against major financial crimes, political grift, shell companies, money laundering, and influence peddling, but go after the food truck because ... well, you know, the poor 090
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 13/08/2026400 ouweahrs later... www.nytimes.com/2026/08/10/t...nytimes.comMeta Unveils an Open Version of Its Most Powerful A.I. ModelThe release of Muse Glimmer, a model that can be freely downloaded and modified, is likely to intensify a debate over whether A.I. should be restricted. 060
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 09/08/2026It's a bit disappointing how few investors understand portfolio construction - across decades of market cycles, that has ultimately become a source of disappointment for them too. For a full discussion, see my June comment, Record Extremes, Alternative Assets, and the Hippo. 090
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 09/08/2026a gentle reminder that y'all out ya minds if you've been reading my comments in recent months, you know we've adapted to the point that a permanently expanding bubble - or a collapse into a ball of flames - would both be just fine with us 🌹♻️🗑️ but still ... 1276
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 24/07/2026Not to mention, measles erases 11% to 70% of immune memory by wiping out acquired antibodies and memory cells, so protection against former pathogens is weakened or lost. Also, a mom with MMR vaccination **reduces** autism risk - one of the known environmental risk factors is perinatal rubella. 0154
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 24/07/2026Nearly a century ago, Schumpeter described supply growth and boom-bust profit cycles as resulting from the "swarm-like appearance of entrepreneurs" as new technologies take hold. I don't think one needs to invoke geopolitics to understand why extrapolative bubbles collapse. 1112
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 23/07/2026Diplomacy isn’t something we spray from a can to see if it “works.” It begins with, and demands, enough peace in ourselves not to amplify hatred, fear, and grievance. It calls each side to hear the other’s harms and perceived injustices, and to find a practical path to mutual security and peace. 0141
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 20/07/2026Investors own two things: 1) a stream of cash flows that will be delivered to their hands in the very long future (in some cases no cash flows at all), with a slope, drawn from current prices, that may or may not be adequate 2) a bag of made from the psychology of other investors 042
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 17/07/2026"We have absolute confidence in the Titanic. We believe that the boat is unsinkable." - Philip Franklin, Vice President, White Star Line 2183
Reposted by John P. Hussman, Ph.D.Ivan the K ™ @ivanthek.bsky.social · 16/07/2026The quiet part out loud. 34315
Reposted by John P. Hussman, Ph.D.John P. Hussman, Ph.D. @hussmanjp.bsky.social · 15/07/2026New market comment is up! Some banger charts too. Crazy. Mountain, Cliff or Ocean 🏔️ www.hussmanfunds.com/comment/mc26...hussmanfunds.comMountain, Cliff, or Ocean - Hussman FundsThe current level of stock market valuations remains – easily – the most speculative extreme in U.S. financial history, beyond both the 1929 and 2000 extremes. Our baseline estimate is that the S&P 50... 3133
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 15/07/2026New market comment is up! Some banger charts too. Crazy. Mountain, Cliff or Ocean 🏔️ www.hussmanfunds.com/comment/mc26...hussmanfunds.comMountain, Cliff, or Ocean - Hussman FundsThe current level of stock market valuations remains – easily – the most speculative extreme in U.S. financial history, beyond both the 1929 and 2000 extremes. Our baseline estimate is that the S&P 50... 3133
Reposted by John P. Hussman, Ph.D.Robin Wigglesworth @robinwigglesworth.ft.com · 07/07/2026The phenomenon of US stocks accumulating most of their gains in the thin overnight trading session has long puzzled investors, fed conspiracy theories and even triggered the launch of ETFs to take advantage of the anomaly. But then the "overnight drift" went away. Why? www.ft.com/content/ff2a...ft.comDissecting the death of overnight driftRIP 1998–2020? 2313
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 02/07/2026Seuss Effect - plants, and subsequently organic material, and ultimately fossil fuels, preferentially carry Carbon 12 (the lighter isotope is chosen during photosynthesis). Spiking CO2 levels coupled with a falling proportion of Carbon 13 is like a fingerprint that says "yep, we did that." 1132
Reposted by John P. Hussman, Ph.D.Digital Brain @yourdigitalbrain.bsky.social · 27/06/2026The Leaf Sheep is a 5mm sea slug that steals chloroplasts from algae and keeps them alive in its own tissue, photosynthesizing sunlight into food. Only a handful of animals on Earth can do this. 1794483828
Reposted by John P. Hussman, Ph.D.fravery.bsky.social @fravery.bsky.social · 24/06/2026Claude Monet. 704915558
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 15/06/2026Ho hum - dozens of overextension flags today - including this one - among the motherlode we've seen in the past 5 weeks. Without implying that speculators can't do whatever speculators choose to do, their focus rarely gets this narrow except at extremes when they're all in. 4243
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 09/06/2026If the Buddha and Socrates boarded a spaceship in 400BC, going a million miles an hour, they'd reach Proxima Centauri, the closest star to the Sun, about 400 years from now. Meanwhile, *combined* revenues of all global telecom companies (phone, internet, cable) are ~ $1.4T. They trade about 1x. 🚀 2150
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 06/06/2026Jeff Weniger: More than half the S&P 500's total value is now in stocks priced above 10x sales. This was once considered an outlandish valuation, as it leaves little room for error. The list includes Nvidia, Apple, GOOG, MSFT, Broadcom, Tesla, Micron, Eli Lilly, AMD, Oracle and 57 more. 1274
Reposted by John P. Hussman, Ph.D.Peter Atwater @peteratwater.bsky.social · 06/06/2026english.elpais.com/economy-and-...english.elpais.comThe popularizer of the K-shaped economy: ‘The rich are living a golden age under Trump’Professor Peter Atwater believes economic inequality has mutated into something more dangerous for social cohesion. ‘Such an unequal economy is fragile, like a Jenga tower,’ he warns 182
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 01/06/2026New comment is up on the website! Record Extremes, Alternative Investments, and the Hippo May bring some fresh perspective on "diversification" - a word many investors seem to be dropping from their vocabulary. Hope you enjoy it! 🦛 4181
Reposted by John P. Hussman, Ph.D.Andrew Lokenauth | TheFinanceNewsletter.com @thefinancenewsletter.com · 25/05/2026“A crash is coming.” Andrew Ross Sorkin says a massive crash is inevitable. He’s one of the most credible financial journalists in the world. 32333121
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 23/05/2026"Never hold a grudge. While you're sitting there feeling sorry for yourself, the other guy's out dancing." - Buddy Hackett 1121
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 14/05/2026I know you don't care about valuation, risk, or history. Even we've adapted to where we'll be perfectly happy if the bubble never ends. Still, that change involves being selectively constructive with safety nets (see my May comment), not diving into flaming tar. Just sharing FYI 2213
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 14/05/2026From Simon White at Bloomberg: “Putting gamma, realised correlation and dispersion on the same 3D grid shows that as far back as we have data, correlation has never been as low when gamma and dispersion have been as high." May be useful to know it's a historic gamma squeeze now rather than later 1184
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 12/05/2026another motherlode as new lows push above new highs immediately after a 52-week high - and all the warning flags with sinister names kick in together not a forecast, not a market call, just FYI 3188
John P. Hussman, Ph.D. @hussmanjp.bsky.social · 11/05/2026Not a forecast, not a projection, not an argument. Just basic arithmetic of valuations and returns FYI 1101