Summary: A new industrial revolution has begun. Here are two small examples to illustrate what it will be like. Extrapolate these a thousand fold. Then do so again. That's what will happen in the next 70 years. Let's start to prepare now. "One conversation centered on the ever accelerating progress of technology and changes in … Continue reading The fast rise and fall of two industries show the coming singularity. Let’s prepare now.
Summary: On Thursday I posted "Ignore The Bond Bears, The Fed Will Not Raise Rates". Many on Wall Street disagree -- most of whom since 2012 have expected a cycle of rising rates to begin really soon. Such as J. P. Morgan's prediction of a rate increase in December. Friday's data confirms my forecast in … Continue reading Move evidence the Fed will not raise rates on our slow-mo economy
Summary: Since 2010 I have said that the economy is locked in slow-mo and the Fed will not start a new rate cycle. It's even more true today than in 2010. Many investors and economists are convinced that the Fed will soon end its near-zero interest rate policy and begin raising rates - "normalizing them". … Continue reading The Fed Will Not Raise Rates In The Foreseeable Future