Nvidia’s extraordinary rise comes from being the picks and shovels supplier to the AI revolution. It’s not just MegaTechs coat-tailing Nvidia that will win, but productivity gains from AI could counter the growing debt/gowth crisis in the West. AI is more complex than just a single stock.
It feels like markets have peaked and are moving into a new consolidation phase. However, a deeper theme around geopolitical threats and the breakdown in trust in domestic politics, highlights the conflict between Law and Chaos across the global economy…
The UK is in “technical” recession. Broken Britain is the depressing reality. The bleak outlook will have profound and long-term consequence, unless we act fast to figure out how to fix the way the economy works. The key is better management.
After the Japan bubble burst in 1989, the economy and stocks suffered three lost decades. Now the Nikkei has (almost) rehit its 34 year high. Is Japan back on track or is it just the weaker yen?
Blockchain and Tokens. Not satisfied with the gains apparently offered by AI, Tech Tyrants are planning how to deeper enslave us through Web3 – the Internet of Value. Be careful what we wish for – we might just get it.
Two things worry me: the consequences of a Commercial Property bust, and the potential of a US$ Bond Crash. Equities merely reflect dimly their relative value to real assets and rates – and will suffer accordingly. Not to worry though.. the IMF says no recession!
Taylor Swift vs Trump – that would be an election! The US economy is robust and resilient. Europe remains repressed, inflationary and unstable. China is in a new deflationary era. Where else to buy but the US?
The multiple problems facing the UK will not be solved by Sir Keir Starmer’s Labour Party trying to be better Tories than the Tories. We don’t need better Tories. We need a better UK.
The AI everything bubble has all the makings of a classic market pop – belief in a theme, everyone on the bandwagon, hype, enthusiasm and not much real content. And sitting in the middle will be those who really claim to understand it.. Plus some thoughts on Tucker Carlson.
In the film of the Magnificent Seven, only three of the gunslingers survive. Which of the Big Tech names will be left in the dust? And which are likely to survive?
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