The fates of Virgin Galactic and Virgin Orbit come as no surprise to those who understand that economic reality will always end up being priced in. There are countless examples of overpromising and under-delivery in the stock market. And that is why you should beware of the hype around AI…
Australia’s trade war with China, triggered by the demand for an investigation into COVID’s origins, had a happy ending. The G7 has taken this as policy advice. They’re taking on China in their own trade war. This introduces serious geopolitical risk into Australian stock markets especially.
The subject is AI. But the discussion takes place against a backdrop of a financial crisis. Or, at least a faux financial crisis — the debt ceiling.
Five years ago, those who believed that the sky was falling, the markets would crash, and mankind was facing an existential crisis were ridiculed as ‘doomers’ and relegated to the fringe of society. Much of the events back then pale in significance to the threat mankind faces since 2020. There’s a level of absurdity so profound that causes heads to spin. Who’s causing it? Why are they doing this if the consequences hurt them? And how can you protect yourself against this sabotage?
ASX 200 down. Universal Store plummets on trading update. Webjet rises on FY23 recovery.
ASX 200 down. Universal Store plummets on trading update. Webjet rises on FY23 recovery.
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