Authored by Charles Hugh Smith via OfTwoMinds blog,
Those betting on a fourth bubble of even greater extremes will find their time at bat has come to an end.
The conventional investment wisdom holds that central banks will never let markets decline. This is an interesting belief, given that two previous asset bubbles based on central bank "easy money" both imploded, impoverishing believers in central bank omnipotence.
Authored by John Mauldin via MauldinEconomics.com,
Like millions of other people, I am a fan and a user of Amazon.
They do make buying things convenient, especially little things that you might have to go to art specialty stores to find. I’m a huge user of the Kindle app, too.
I will admit that I don’t quite understand the Amazon business model of growth over profits. But I have noticed that most of the profits Amazon actually makes are coming from their non-commercial side—stuff like cloud services.
Authored by Charles Hugh Smith via OfTwoMinds blog,
What if bitcoin is a reflection of trust in the future value of fiat currencies?
Authored by Charles Hugh Smith via OfTwoMinds blog,
Robots are only cost-effective in the narrow niches of commoditized tasks.
In the view of Universal Basic Income (UBI) advocates, substituting robots for human labor will not only free virtually all humans from working, it will also generate endless wealth because the robots will be doing almost all of the work.
Authored by Charles Hugh Smith via OfTwoMinds blog,
Good ideas don't require force. That describes the Internet, mobile telephony and cryptocurrencies.
What is money? We all assume we know, because money is a commonplace feature of everyday life. Money is what we earn and exchange for goods and services. Everyone thinks the money they’re familiar with is the only possible system of money—until they run across an entirely different system of money.