How long is it since you last used your phone? Chances are, you're using it right now to view this post. Analysts from Statista's Digital Market Outlook have revealed that the amount of time we're spending with our smartphones online has increased substantially over the last few years.
You will find more statistics at Statista
Hitting record high after record high, tech companies have displaced traditional blue chip companies like Exxon Mobil and Walmart as the most valuable companies in the world.
Here are the latest market valuations for those same five companies:
Together, they are worth $2.9 trillion in market capitalization – and they combined in FY2016 for revenues of $555 billion with a $94 billion bottom line.
BRINGING HOME THE BACON?
Authored by William Anderson via The Mises Institute,
When the cable TV sports giant ESPN announced 100 layoffs recently, including letting go a number of high-profile broadcasters, a lot of people took notice, and well they should: things no longer are business as usual in sports broadcasting, and we are not even at the beginning of the end, and maybe not even the end of the beginning.
While every investor wishes they had a crystal ball, there’s one thing, says David Rosenberg chief economist at Gluskin Sheff, that has predicted imminent recessions without fail. Speaking at the Strategic Investment Conference in Orlando, Florida, Rosenberg pointed out that since 1950, there have been 13 cycles where the Federal Reserve tightened interest rates… and 10 of them ended in recession. This is also something which BofA's Michael Hartnett pointed out in early March, laying it out concisely on the following chart.
Authored by Jim Rickards via The Daily Reckoning blog,
The key to bubble analysis is to look at what’s causing the bubble. If you get the hidden dynamics right, your ability to collect huge profits or avoid losses is greatly improved.
Based on data going back to the 1929 crash, this current bubble looks like a particular kind that can produce large, sudden losses for investors.