Apple’s current success still rides on products envisioned, created and implemented by the company under Jobs. Tim Cook is a good CEO, but Apple’s 200 billion in cash and 700 B market cap are a direct results of Jobs – no steve, no Ipod/iphone/ipad
Access to care =/= affordable care. The entire medical system in the US is a leviathan where NEARLY 1 out of every 5 dollars of GDP is sucked up into. ACA will look worse and worse over the years. That being said, many of the provisions within the act are excellent, but taken as a whole I am very negative on ACA long term.
In a similar light, software can also always be hacked. Hackers are always seemingly one or more steps ahead of security. The computer systems on most cars are usually set to defaults that are very weak to intrusion. A robust mix of older technologies will continue to supplant progress in the digital realm for a long time, if for no other reason…[Read more]
China stocks are in a bubble anyway…. this happened in 2007 as well except this time it will just be more spectacular with the bankruptcies (especially from borrowing on margin) and bailouts from the state and PBoC. The rising stock market was just a paper
cover for the real issue – slowing real growth in China which will affect the entire…[Read more]