Investment/Trends

1 in 4 voters believe robots would make better politicians

"Findings from the report reveal that consumers would entrust the running of the country to robots. 66 percent of UK citizens expect that robots will be working within the government by 2037, with 16 percent believing this could happen in the next one to two years. A further finding which may cause concern for Number 10 is that one in four think robots will make better decisions that elected government representatives, mainly in regards to the economy." Continue reading →

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Chinese Hotel: 6 Days to Build

"Pay attention to how few workers are visible in any stage of production. There is no way that these techniques will not be adopted all over the world. Nobody is going to give China this kind of competitive edge. These techniques are going to be imitated. It means the end of today’s technology. Today’s technology is labor-intensive. This will not be true by 2030. The next step will be the adoption of these techniques for housing developments. The construction industry will work out the bugs in high-level projects. Then these techniques will be adopted by housing developers as the price of the tools continues to drop." Continue reading →

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John Hussman: The Most Broadly Overvalued Moment in Market History

"As long as investors are comfortable with expected S&P 500 10-12 year total returns of less than 1% annually, with likely interim losses on the order of 50-60%, investors are free to label this situation as 'fairly valued' or with any other phrase they wish." Continue reading →

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Draghi Says A Country Can Leave Eurozone But Must “Settle Bill First”

"Suddenly the ECB has made it clear that Italy's gain in a 'hypothetical' Euro zone exit would be a tremendous loss for Berlin and Merkel. We are confident that the question of 'how much' preventing such a loss would be worth to Merkel, will emerge in very short order. As for what Draghi's statement means for countries with a far smaller Target2 liability which may also consider exiting the monetary union, the answer is two words: 'green light.'" Continue reading →

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How can anyone trust banks?

"What I’m about to tell you is a true story. And by the end of it, I hope it will be pretty clear that we’ve been programmed to put far, far too much trust in the banking system. As my story will show you, they act with a sanctimonious sense of self-entitlement… that it’s no longer YOUR money in the bank. It’s their money. And they’re going to do whatever they damn well please with it." Continue reading →

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Bill Bonner: How Do You Destroy a Business?

"Mr. Mnuchin was on the board of Sears for the past 11 years, throughout its devastating decline. He is resigning now, letting the ship go down without him. Besides, he has already stolen the silver. How do you destroy a business? It’s not that hard. Rather than invest in new people and new methods, you take the money for yourself. It is even more attractive if you can borrow a lot of fake money at ultra-low rates against the company’s credit… pay it out to yourself and other financiers… and then jump ship, leaving the company, its employees, and its creditors to drown in your debt." Continue reading →

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