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.
“You boys were always gonna face this moment,” barked Biggie, sliding into a slow groove."But here’s the thing brotha. The market doesn’t care about health care - you know that. Poor people care about health care. And the market doesn’t care about poor people. No one cares about poor people.” Biggie nodded, smiled, a big golden smile.
Gold’s biggest 1 day percentage gain since September 2016. Fade out Fed “jibber jabber.” Focus on still ultra low rates (see chart). Rising rates bullish for gold as seen in 1970s and 2003 to 2007 (see table)
With Donald Trump leading the United States, Europe seems to be losing trust in the American nuclear umbrella. As the EU focuses on the need to have its own military, the issue of European nuclear deterrent comes to the fore. The debate has been triggered. This issue is intensively discussed in Germany.
"...the people at the top of the corporate food chain who have privileged information about their businesses are NOT buying. As the Journal summarized, “These markets know no fear.” There’s an incredible amount of complacency despite obvious warning signs."
Calling a spade a spade, the EU is a bloc on the verge of destruction. The process of disintegration has started and it is unstoppable. A multi-speed Europe is merely recognition of the reality. This is the time to say goodbye to the EU we once knew. A patchwork of clubs is emerging instead to change the European political landscape once and for all.
Europe, so many years after the Cold War, is ideologically divided into a new East and a West. This time, the schism is over multiculturalism. What Hungarian Prime Minister Viktor Orbán has termed "liberal babble" continues to govern Western Europe's response to the challenges that migration and Islamic terrorism have brought, especially to personal security.
European stocks declined for first session in five ahead of Wednesday's Dutch elections and Fed rate hike announcement. Fed concerns also dragged down Asian shares and S&P futures, while the dollar rose. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.
"...the US Shale revolution will accelerate the breakdown of the global order as we know it, reshaping global geopolitics, leading to three major conflicts - Russia vs. Europe, Iran vs. Saudi Arabia & an Asian Tanker War"
The 20th century was a bull market for literacy, freedom, prosperity, health, and technology. However, things have changed since the turn of the century - freedom has actually declined on a global basis for the last 11 years.