Ford

"A Lot Of News Over The Last 72 Hours But None Having A Dramatic Effect On Trading"

Markets seem more concerned about missing the upside associated w/a final tax deal than they are about being caught long on a tax disappointment, thus for the time being headlines such as “Trump and Ryan discuss taxes” or “tax plan makes progress in Washington” will help to buoy stocks more than “Trump has neither a clear WH tax plan nor adequate staff yet to see through a planned tax reform” will hurt them.

Frontrunning: March 31

  • GOP disarray deepens (Reuters)
  • Zuma's Night of Long Knives Risks ANC Split, Credit Rating (BBG)
  • China downplays tensions with U.S. ahead of summit (Reuters)
  • Wall Street’s New Favorite Way to Swap Secrets Is Against the Rules (BBG)
  • EU offers Brexit trade talks, sets tough transition terms (Reuters)

New Study Says Robots Took All Of Detroit's Jobs, Not Mexico

"We are being afflicted with a new disease of which some readers may not have heard the name, but of which they will hear a great deal in the years to come—namely, technological unemployment." - John Maynard Keynes (1930).

Frontrunning: March 28

  • U.S. stock futures up as investors look beyond failed healthcare bill (Reuters)
  • Ryan's Tax Plan May Get Familiar Foes: GOP's Conservative Caucus (BBG)
  • Congress to Battle Over Spending After Failed Health Bill (WSJ)
  • Trump to End Obama Policies for Paris Climate Accord (BBG)
  • Trump to sign order sweeping away Obama-era climate policies (Reuters)

Elon Musk Launches Company To Hook Up People To Computers

In case revolutionizing the transportation and energy industries while colonizing Mars wasn't enough of a challenge for Elon Musk, in his latest venture the billionaire entrepreneur now "wants to merge computers with human brains to help people keep up with machines."

TDB's picture

Robots are going to take all our jobs, and it doesn’t matter. We should actually be thrilled about the prospects of automation, because it means freeing up economic resources, including arguably the most valuable resource, time.