Oct 19, 2021
Drug development platforms such as mRNA, CRISPR, and gene therapies combined with cost-effective development are creating spectacular economic opportunities.
New firms are targeting large markets including treatments for cancer, auto-immune disease, and other pathologies of the immune system, the brain, and infectious...
Aug 24, 2021
Inflation fears, currency tremors, market jitters, and emotional vacillation causing joy and terror because all these outcomes seem equally likely. No realistic gauge is showing reliable directions for key metrics. Near-term data usually predicts the near-term future, and that usually gives us a reasonable sense of...
Aug 23, 2021
Economics assumes that supply and demand do not determine prices in financial markets. Asset-pricing theory says prices in financial markets are determined by expected future cash flows rather than buying and selling dynamics. Therefore, stocks and bonds are mostly immune from supply and demand determining prices. This...
Aug 17, 2021
Technology is facing policy changes with global resonance, such
as China’s new crackdown, the rising resistance to social media,
and government's desire to manage and control technological
development.
"I’ll build a wall and we will be fine behind it.” This did not
work for China’s First Emperor, and it will...
Jul 31, 2021
Economists would make one fundamental mistake - Economics is not
a science. Human behavior and irrationality, combined with the
market's unpredictability and randomness make predictions mostly
useless.
Mostly useless means you are destructive.
It is impossible to know the answer to the most critically important...