Inflation
S&P Tech Dominance, Why It’s Unlikely to Change, and How It Can Help You Combat Inflation
With all the ups and downs that have accompanied the pandemic — stay-at-home stocks duking it out with reopening stocks in rounds that have tracked the virus anxiety cycles — mega-cap technology stocks have continued to outperform the broad market. This is a trend visible since early 2020 (top graph), Read more…
Education
The Pandemic Boost to Education Technology Will Accelerate
Last week, we commented on the likely persistence of the post-pandemic “new normal” in technology, mentioning specifically remote work and e-commerce. In both cases, covid pulled forward years of technological change in the space of a few months. We believe that even though new covid variants will pose challenges, humanity Read more…
Automation
Governments Aren’t the Only Ones With Money To Spend
The remarkable market rally since last year’s pandemic lows can be attributed in large part to the very large and rapid increase in real liquidity in the financial system — that is, “readily available money above and beyond what is needed for economic growth,” as Canaccord Genuity strategist Tony Dwyer Read more…
India
India: Manufacturing Destination
Last week we reported about two large stakes taken in Indian telecom giant Reliance Jio by U.S. investors. Their interest focused particularly on the Indian consumer, one of the world’s great untapped consumer markets. Jio’s aggressive rollout of cheap internet service and mobile devices to currently unconnected Indians attracted a Read more…
Real Estate
Residential Real Estate: Ripe For Technological Disruption
The total value of residential real estate in the U.S. is about $34 trillion — about the same as the total market capitalization of all publicly traded U.S. companies. But while technology has made the stock market much more efficient — allowing transactions to happen with greater ease and speed, Read more…
5G
5G: It’s A Big Deal
The rollout of 5G wireless internet presents an enormous economic opportunity, since it will involve the construction and deployment of hundreds of billions of dollars’ worth of infrastructure, and ultimately enable the creation of trillions of dollars’ worth of economic value. The companies that provide that infrastructure will be some Read more…
Boris Johnson
“The Best Way to Predict the Future Is To Invent It”: Dominic Cummings’ Push For a U.K. DARPA
Over the past few years, a new movement has emerged in many countries around the world, taking different forms in different places, and often labeled by the news media with the deceptively simple term “populism.” However, that term doesn’t capture some of the most important aspects of the historic process Read more…
Regulation
Tech Pain: Some Growing Negatives of Tech Adoption
Two deeply transformative phenomena of contemporary life were born almost at the same time just over a decade ago. In September 2006, Facebook [NASDAQ: FB] went live to anyone with a valid email address; and in January 2007, the first iPhone was launched by Steve Jobs’ now-famous keynote address at the Read more…
Bitcoin
Google’s Quantum Computing Coup, and What It May Mean For Bitcoin
Two years ago, we wrote a small primer about quantum computing. Recently, a paper was leaked describing a quantum computing breakthrough by Alphabet [NASDAQ: GOOG] — prompting a flurry of media stories about what this development might mean. We reprint our description to help you understand what quantum computing is Read more…
