Toyota

Why Australia's Economy Is A House Of Cards

"For over a quarter of a century our economy mostly grew because of dumb luck... As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble....Unfortunately for Australia, that “lucky” free ride is just about to end..."

Frontrunning: November 8

  • A year in: U.S. stock market under Trump's shadow (Reuters)
  • Democrats’ Wins in Virginia, New Jersey Fan Hopes for Anti-Trump Momentum (WSJ)
  • New York Gives De Blasio a Second Chance, Re-Electing Him as Mayor (BBG)
  • Democrat Wins New Jersey Governor’s Race as Voters Pan Christie, Trump (BBG)
  • Trump Starts China Visit Seeking Progress on Trade and North Korea (BBG)

Bank Stocks, Dollar Slide Hit By Fresh Tax Reform Doubts

U.S. equity futures are little changed as European and Asian shares retreated, led by sliding bank stocks and a drop in the dollar as doubts over republican tax cuts and ongoing bond curve flattening hurt sentiment and prompted fresh questions over the viability of the US expansion.

The Global "Bubble Arms Race" Has Ushered In The Age Of Government Strongmen

"It’s all quite unsettling. Global finance has run completely amok. This has been unfolding for so long now that few are concerned... It has reached the point where these Bubbles have become part and parcel to global power, with countries not willing to risk being left behind. It’s as if it has become An Arms Race in Bubbles."

7 Years & Counting - Trump's Looming EV Time-Bomb

"In just seven years’ time the average fuel efficiency of the average car will have to almost double... so reads the fuel economy fatwa issued by Trump’s predecessor... No matter how much it costs, no matter what it takes."

Hedge Fund CIO: "Never In Human History Have So Many Things That Weigh Nothing Had So Much Value"

Never in human history have so many things that weigh nothing had so much value, fueled such vast fortunes. Data weighs nothing. Knowledge weighs nothing. Software weighs nothing. Algorithms weigh nothing. And as the singularity approaches - that point when artificial intelligence surpasses all human intelligence - we struggle to fathom its infinite weight, uncertainty.