Two weeks in a row. Let’s not make a big deal of this.
1. China leverages technology to postpone a debt deleveraging.
“I have lived in Beijing for more than 20 years, yet only in the past year have I felt on returning to London or Silicon Valley that I’m going backwards in time. For urban residents, China is increasingly a study in frictionless living. Hopping on a bike, ordering a meal from a huge range of restaurants, paying for utilities, transferring money to friends — all can be done at the touch of a button. Internet services in the west offer increasing convenience no doubt — but nothing beats the experience in China.”
China is leveraging technology more effectively than any other nation on earth apart from perhaps Latvia. China’s ability to leverage technology to engineer growth and delay a “beautiful deleveraging” becomes clearer by the day. Chinese workers have started to vote with their feet. Despite the chemically toxic atmosphere (which by the way is slowly improving), Chinese workers are returning home to participate in China’s booming innovation.
2. Technology, technology, technology
Tech is one of the most important and overlooked macro factors today.
*Pounds the table*
Within 10 years, autonomous vehicles will unlock a multi trillion dollar industry that had not previously existed. Autonomous interconnected vehicle fleets will dramatically lower the cost of driving, reduce traffic accidents, etc. you get the point, it’s fantastic and it’s not here yet but one of the things that will get it there cheap LIDAR already is or will be in a few years. The cost has already fallen 10x in the past 2 years and is expected to fall by another factor of 10 by 2020.
3. Doom and Gloom at the World Bank
You got to love this headline:
This article touches upon what my brother, the Biotech Brain Bug (and others), figured out a little while ago, sunlight is critical to human health. The nobel prize in medicine last year was awarded to the discovery of circadian rhythms which is driven primarily by our daily and seasonal exposure to sunlight. Proper signalling is critical to a well functioning body.
On top of helping with weight loss and fighting cancer sunlight exposure improves mood, and reduces stress and blood pressure. Humans don’t have a lot of hair for a reason. Get some fucking sunlight.
DISCLAIMER: This blog is the diary of a twenty something millennial who has never stepped foot inside a wall street bank. He has not taken an economic or business course since high school (which he is immensely proud of) and has been long gold since 2012 (which he is not so proud of). In short his opinions and experiences make him uniquely unqualified to give advice. This blog post is NOT advice to buy or sell securities. He may have positions in the aforementioned trades/securities. He may change his opinion the instant the post is published. In short, this blog post is pure fiction based loosely in the reality of the ever shifting narrative of the markets. These posts are meant for enjoyment and self reflection and nothing else. So ENJOY and REFLECT!