Exchange traded funds can be traded like stocks but they can track any index or type of financial assets. They can track commodities or a basket of stocks or bonds. There are several groups trying to create cryptocurrency ETFs. There is $5 trillion of money currently in ETFs. This is growing at 10 to 20% …
Apple is trading intraday at $206-207. This makes Apple the first trillion dollar market value company. Jim Cramer has noted that if Apple had a price earnings (P/E ratio) multiple that was the average for retail companies then it would be at about a $1.5 trillion market valuation. Apple has earnings per share of $10.85. …
Bitcoin has fallen back to the mid-$7000 support level after rallying over $8000. Bitcoin had a peak in January, 2018. Various bitcoin bulls have doubled down on their price predictions. Most of the hyperbullish predictions of $25,000 to 100,000 prices for Bitcoin by the end of 2018 are based upon institutions moving in and the …
Many people are worried about their future jobs and about long recessions and economies collapsing. There is a good chance that there will be a strong global economic and technological boom throughout most of the 2020s and 2030s. Instead of 3% average annual World GDP growth the 2020s could see 4-6% annual GDP growth. Communication …
Faceboook has dropped $120 billion in early trading to $500 billion. * Facebook had 42% year-over-year revenue growth this quarter. They expect high single-digit drops each quarter to year-over-year revenue growth over the next few quarters. People will get more privacy options. They expect currency issues. Daily active users hit 1.47 billion, up only 1.44%. …
The dot-com bubble was a historic economic bubble ran from 1997 to 2001. It was a period of extreme growth in the usage and adaptation of the Internet. Between 1995 and 2000, the Nasdaq Composite stock market index rose 400%. It reached a price–earnings ratio of 200. From March to November 2000, internet stocks dropped …
China now has more than 4,000 companies with blockchain in their name. (Qixin search) Blockchain is the technology behind cryptocurrencies like bitcoin and ethereum. Qukualian, the Chinese translation of blockchain, was used in the registered names of 3,078 companies so far in 2018. 555 companies applied to use names with the chinese word for blockchain …
Kevin Kelly sees AI being better on a subset of intelligence. Over the next 20 years we will make things smarter and smarter. We will put different kinds and types of sensors and intelligence an embody them in cars, robots and other devices etc… * Calculators better than humans of math * GPS better at …
In 2013, McKinsey lists 12 disruptive technologies that would have multi-trillion economic impact from 2013 to 2025. Nextbigfuture compared this to expected GDP growth of nations. It is now five years down the line and we can see more about what the GDP growth will likely be and how those technologies are doing. There are …
Productivity growth (a.k.a. “automation”) has been very weak for the last decade, averaging just over 1.0 percent annually. The Congressional Budget Office is only forecasting 1.8% per year productivity growth. Productivity growth averaged 3.0% annually from 1947 to 1973 which had low unemployment and rapid wage growth. Tripling the robots in manufacturing would be the …
Fast-food wages began rising in 2014, and have been increasing faster than overall wages. * US unemployment is at a 17-year low which is causing all businesses to struggle to find workers. * In 2000, about 45 percent of those between 16 and 19 had a job — today it’s 30 percent. * Wages are …