This week’s tour through the universe of cyberspace visits 4 topics I found worthy of sharing with readers.
1. In Finance, big banks refusing to refrain from price collusion; and learning from a grand market wizard on how to detect financial bubbles.
2. In technology, one of our favorite subjects, we delve into the disruptive impact of e-commerce trends here in the US and Asia.
3. If you find humor in irony, which plentifully abounds in politics, then you might enjoy the Twitter video I shared on the US State Department attempting to spin its way out of hypocrisy on its conflicting political postures towards Iran and Saudi Arabia. Not quite so amusing, however, is the pending risk of POTUS Trump’s administration to deliver a detailed and credible tax reduction plan as promised and embraced by the market.
4. Lastly, to cleanse your cerebral palette, we hype some insights on quantum physics and dinosaurs.
- When it comes the to markets and the human greed factor, one must confess that the more things change, the more they stay the same. Of course the game is rigged, but you can’t win unless you play. Therefore, ZeroHedge’s coverage of the Deutsche Bank trader who finally admitted that big banks participate in price rigging of the precious metals markets all the more underscores why I believe that fundamentals alone are insufficient for trading or investing.
- One man’s financial pain is another’s gain and one need not look any further than Warren Buffet, when it comes to profiting from the opportunity of crisis. For further reference, I highly recommend reading the Buffet interview in which he explains how financial bubbles are formed.
Internet and Technology
- E-Commerce is not only disrupting retail, but real estate as well. According to Credit Suisse, 25% of the existing malls within the US will close within the next 5 years. No need to fear, Americans will continue to buy “stuff”, but the skill set for those involved in the distribution chain of getting goods into the hands of consumers will change. Displacement of human labor resources, if not appropriately and timely retrained to adapt to this challenge, will ensue. Recall the cataclysmic shift from agriculture to manufacturing that our economy endured and that it turned out pretty good.
- In the age of smart mobile apps, technology becomes critical for efficiently managing large volumes of information and people. Now, witness the powerful trending growth of China’s Sharing Economy, which has the potential to contribute significantly to its GDP and be modeled in other emerging or developed markets.
- The devil can often be found in the details or lack thereof. The Hope of a Tax-Cut Dream could be deferred as GOP lawmakers grow frustrated with Trump. My concern is that failure to get a credible tax bill passed could cause the market to regurgitate some of the hubris it has gorged upon during the Trump Rally. Also, lest we forget, mid-term elections will be upon us before we know it and the risk of a weaker legislative base to support the America First agenda is not a fake news spin-out, but more of a political fallout from the disgruntled constituents.
- Want to know how the US can justify critically challenging Iran for its shortcomings on democracy while simultaneously adopting a hands-off policy on Saudi Arabia? Then, allow the US State Department to explain. This one should leave you shaking head in tears and/or laughter.
- Quantum Physics, a science in its own right, can be a bit confusing to some. If you are curious about its basic tenets, then here’s a pretty good read on six things you should know about it.
- Ever heard of a Nodosaur? Neither have I, but apparently they once existed and National Geographic has the scoop on a 110 million year perfectly preserved fossil that was accidentally found by miners in Canada. If you’re a science geek or just want to take a mental vacation, you’ll enjoy this one, even if you only look at the pictures.