Forex remains to be the largest market in the world and the least understood. Central banks have more influence on global markets than any other force. In other words, monetary policy is the ONLY economic indicator(s) investors should be watching, because let's face it, if the Fed raised rates to 10% like they should do and called in all that QE money, stocks would collapse.
But yet Forex remains a mystery, something that someone may have mentioned or you heard about.. wait FX is a TV channel? or graphics? a movie?
Facebook has been cited as the prime reason for the recent American recession. Facebook has spread faster than the ebola virus infecting even users without computers. Children grow up in a world defined by Facebook. This aggressive strain F1B1 is reprogramming human beings down to the last strand in their DNA. As the previous generation had television programming, now we have Facebook programming.
The further you go towards the tails of the bell curve, the more similar social characteristics. In a society that has been even more polarized, we increasingly see similarities between the very wealthy, and the very poor. The declining middle class is more and more a world of it's own (as the elite used to be).
In Summary, the Superclass "Elite" UHNWI and the ultra poor have the following in common:
Westerners have a deep history of a culture of myths (see Joseph Campbell). We love to believe in Santa Claus, "The American Dream," the Tooth Fairy, housing market always goes up, and countless others. So it's easy for us to be 'terrorized' by a myth; that hiding behind every corner are evil 'terrorists' waiting to blow themselves up because 'they hate our freedoms.'
Companies used to build things. Not because they were noble, but because they had no other choice. Selling snake oil simply wasn't possible on a large scale, for a long time; in the previous economy. Now, like during the dot com boom, all you need is a phone, a website, and a power point machine. Actual sales, or an actual product, it's so 80's.
California is an interesting place. Probably something like California never existed before. A barren state with no substantial natural resources, with cities constructed mostly directly over major fault lines, no water, the highest per capita immigrant population of any US state, and of course, also the state with the highest population per capita of lawyers. "Land of fruits and nuts." or "La La Land" according to the LA Times: