If you think Tinder for dogs and talking fridges are poised to reap billions in profits, by all means invest your own capital in these ideas. But don't expect any of the current batch of wanna-be's to ever scale up and generate billions in profit. Put another way: if tech no longer powers the stock market's central narrative, then we've run out of bubble-engines. And if we run out of bubble-engines, the system can no longer depend on "the wealth effect" to power consumption, fund property taxes, and everything else the current arrangement depends on for its financial survival.
We are living in a world in which a handful of high-tech companies, sometimes working hand-in-hand with governments, are not only monitoring much of our activity, but are also invisibly controlling more and more of what we think, feel, do and say. The technology that now surrounds us is not just a harmless toy; it has also made possible undetectable and untraceable manipulations of entire populations – manipulations that have no precedent in human history and that are currently well beyond the scope of existing regulations and laws.
“Vigilantism does not belong in Norway, whether they do it in the name of Odin or Allah. I assume that the police, who are the only ones who have the authority to patrol the streets and use force, are following these groups as closely as the circumstances require."
The U.S. government wants nothing short of total control. Tech executives who met with the Pentagon team [this week, said] that some of their requests have been “jarring.” In at least one case, the Pentagon spoke with several companies about tweaking their algorithms to promote certain types of content. “This is a Pandora’s box we won’t open.." said one Google representative.
America: This is Your Government.
"Leaving a dead pig with the words 'Mutti Merkel' on it isn't just tasteless, but demonstrates fundamental failings of democratic education and conviction"...
If central bankers think that "helicopter money" might be an option to combat deflationary pressures and sluggish economies, the right time to launch the choppers is before consumers realize they need them. As history shows, after that, it is too late.
While we were looking at various other Google trends, we stumbled across the following chart, which may have profound implications for not only U.S. capital markets, and what the media does or does not follow, but ostensibly the outcome of the U.S. presidential election and the overall future of the U.S.
The government says: “Just this once” and “Just this phone.” But the government knows those statements are not true; indeed the government has filed multiple other applications for similar orders, some of which are pending in other courts. Once the floodgates open, they cannot be closed, and the device security that Apple has worked so tirelessly to achieve will be unwound without so much as a congressional vote
"My conclusion is that it’s not fair to blame Zerohedge and friends for the permabear newsflow… They’re just giving the people what they want!"
On the face of it, The FBI vs Apple - the feverish momentum of American technocracy accelerating into the cavernous Orwellian entrenchment of the surveillance state - boils down to a single locked and encrypted iPhone 5S, used by radical jihadist Syed Rizwan Farook. However, as we are learning, the FBI and the federal government have a far more comprehensive end-game in mind than merely bolstering the prosecution of this one case.
The answer: go long precisely the stocks that hedge funds are least concentrated in, or, simpler, be long gold.
- Risk rally fades as stocks, oil slip back into the red (Reuters)
- Syrian govt. accepts halt to 'combat operations' in line with U.S.-Russian plan (Reuters)
- Earliest Chinese Data Signal Slowdown Hasn't Bottomed Out Yet (BBG)
- The Trickle of U.S. Oil Exports Is Already Shifting Global Power (BBG)
- Greek police remove migrants from Macedonian border as more land in Piraeus (Reuters)
- Clinton, Sanders race takes on angrier tone after Nevada (Reuters)
“We don’t believe customers should have to pay for data usage driven by mobile ads,” Tom Malleschitz, chief marketing officer of Three UK, said in a statement. “Irrelevant and excessive mobile ads annoy customers and affect their overall network experience.”
Moments ago during a campaign event in Pawleys Island, South Carolina, Trump had an epiphany: "It just occurred to me." His solution: a boycott of Apple Inc products until the tech giant agrees to U.S. government demands that it unlock the cellphone of the San Bernardino killer. "Boycott Apple until such time as they give that information," Trump said.