Saying that booms and busts as we know it are over, is like saying business as we know it is over. Cycles have underpinned macroeconomic theory since the days of Adam Smith himself. As long as credit exists, cycles will follow. Or at least they should…
You know what Australia Day really is? It’s the country’s first example of fake news. And we’ve all bought into it. Today, the war on fake news begins.
There are legitimate, tangible cost savings coming thanks to self-driving cars. The promise, the hype, it’s here and it’s real. Not talking about testing or pilot programs or prototype ‘cars’.
It’s early days still, a bit like March 2014. But if it keeps unfolding, it could be the profit story of 2020. The Ebola outbreak of 2014–16 demonstrated this perfectly. And public companies that had been working on Ebola treatments and cures went nuts.
Towards the end of last year, I explained what I think are the two biggest trends for 2020: More mining merger activity and more exploration.
This is actually China launching an economic nuclear warhead at the US — and the US still don’t see it coming. When China gets this going, it’s going to change the fabric of the global economy. It’s going to shake up political allegiances because China will swiftly have control and leverage over this new system.
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