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...