Eye with digital technology detail

Technology Keeps Accelerating — Get on Board

Software is eating the world. Marc Andreesen, noted venture capitalist, said in 2011 AI is eating software Jen-Hsun Huang, CEO of NVIDIA, said in 2017 The main theme of this blog is that technology is accelerating at an accelerating rate and humanity is entering a new epoch in its evolution. This insight is drawn on the work of Ray Kurzweil and other so-called...

How About That Hamburger for Kim Jong-Un?

Over a period of three years or so, we killed off — what — 20 percent of the population?  Air Force General  Curtis Emerson Lemay, head of the Strategic Air Command during the Korean War, as told to Office of Air Force History in 1984. Our country is used to paying respect to elders—like China and Japan, we live by Confucian culture. Kim...
Background with heap of cardboard boxes, parcels and Earth globe

There’s No Stopping Globalization

The tide of globalization is going out. Peter Thiel, German-born co-founder of PayPal and advisor to President Trump The speed of light does not merely transform the world. It becomes the world. Globalization is the speed of light. Paul Virilio, French intellectual The evolutionary process of technology seeks to improve capabilities in an exponential fashion. Innovators seek to improve things by multiples....

The US and China are Joined at the (C)Hip — in Taiwan

Question: “If Taiwan were attacked by China, do we (the US) have an obligation to defend the Taiwanese?” President George W Bush: “Yes we do… and the Chinese must understand that. The United States would do whatever it took to help Taiwan defend Presidential CNN Interview, April 25, 2001 “From the position of Chinese people’s nationalism, 1.3 billion people on...
Donad-Trump-Chinese-Ban

Will trump allow the US to continue as the world’s innovation economy?

“TRUMP’S CHIEF STRATEGIST STEVE BANNON SUGGESTS HAVING TOO MANY ASIAN TECH CEOs UNDERMINES ‘CIVIC SOCIETY’” The Verge headline based on a Trump/Bannon 2015 interview as reported by the Washington Post Xenophobia definition.  Intense or irrational fear of people from other countries. The United States is indisputably the innovation capital of the world.  Innovation is happening in everywhere in the US – Silicon...
Trump flag photographed during just before sunset in Las Vegas, Nevada

Trump’s Poisoned Chalice

Investors are drooling with anticipation that the coming Trump regime through lowering taxes, removing regulatory barriers and stimulating economic growth will continue to boost the stock market. As a bonus, there is the prospect of repatriation to their corporate owners of trillions of corporate dollars that are “trapped” abroad by American taxes. According to one recent forecast, US corporations...
Tech-Trump

The Technology-Driven Supply Side will Get a Boost from Trump

As an ex died-in-the-wool monetarist, I have been shocked by the fact that no amount of monetary excess by central banks has brought about global inflation. While I wouldn’t argue with the fact that big debt overhangs from the Great Recession of 2008 have inhibited spending and hence aggregate demand, I believe the fundamental deflationary factor has been the...
close up clothing label made in china

Bashing China with American Protectionism is Dumb

Whenever we buy products made in China— and by “we” I mean citizens not just in America but also in other countries now grappling with a rising China like India, Japan, the Philippines, Singapore, South Korea, and Taiwan— we as consumers are helping to finance a Chinese military buildup that may well do us and our countries harm. Navarro, Peter....
Double exposure of scientist hand holding laboratory flask

Investing in Chinese Tech Stocks

China’s “Four Great Inventions”, gunpowder, paper, the compass and the printing press, are often trumpeted as the hallmarks of its civilization. But these fruits of Chinese ingenuity are in many ways peripheral to the historical development of Chinese civilization… Justin Crozier, China in Focus Magazine, 2002   As the diversity and sophistication of Chinese scientific traditions have become more evident to scholars…...
Logo of Tesla accompanied by a blue Tesla car

The Second Automotive Revolution is Coming

Get your veil and get your duster Get the yen for goggles when the wind's a guster Keep your Hubbard gown Firmly belted down When you're out in your Stanley Steamer Lyrics from The Stanley Steamer as sung by Dinah Shore The principal interest of this blog is to analyze macroeconomic trends that affect investors. Central bank profligacy, ever expanding entitlements and unfavorable demographics in...