Historically, the younger generation has always been more optimistic than the older proportion of the population. But for the first time ever, consumer sentiment is now much stronger among those over 55 than those under 35. Why are are millennial so depressed?
I’m also tired of vilifying central bankers for every fear I have about capital markets. There is more to it than QE-policy distortion. So I’m going to look at what else might be at work and I will avoid trying to call the popping of a bubble this year. That’s my new year resolution.
The truth is that the old boys are just not good for business. Their set-up delivers them comfortable salaries for sub-optimal result. Let’s shake things up and add a bit more diversity to corporate management – more women perhaps.
The application of blockchain technology feels almost limitless, yet it’s so misunderstood by many. This is a vast and complex subject, but one that could be very important in the way we live our lives in the future.
This is an issue that could prove extremely divisive in the coming decades. While a lot of focus has been placed on the benefit of a fourth industrial revolution – where automation takes part in – the social costs have not really been thought through or planned for.
In this new information age there is a new battlefront, and it’s not the South China Sea. Who controls the flow and creation of data is arguably more of a geopolitical game-changer than China’s assertion over the mineral rights in these troubled waters.
Technological advances in a competitive environment have the effect of lowering marginal costs. Music has for instance become almost free with streamable services. Data storage has also become cheaper in the new information age. So will the current crop of tech companies evolve into low margin utilities, just like the high-growth electricity industry before it?
The whole thing is made of glass. I will probably smash that lovely screen that costs $279 to fix. I also don’t want to pay a thousand bucks to look like an animated animal. Nor do I want the phone fire a billion lasers at my face just so I can open it. Find out why I didn’t buy the iPhone X.
We are told that the value of these tech stocks has risen because they are far more important to us now than they were before. The truth is that they’ve altered the shape of the S&P 500 in an almost unrecognisable way.
So what is the best forward-looking way to protect yourself against the next correction? I strongly believe you need try to understand the company’s fundamentals. This is tricky if you’re invested in an index. But if you don’t, you’re not really taking market risk seriously.
© 2020 · Eeagli.com