Economy

Apple Watches cause rashes.

Apple crash continues. I didn't expect my timing to be this good. This is a harbinger of a much bigger crash to follow.
Praise for Chinese stock traders who are trying to correct their stock market despite the efforts of government to prevent it.

More on China's crash.

"China’s government, regulators and financial institutions are now waging a concerted campaign to prop up the nation’s stock markets – a move that failed spectacularly in the 1929 crash that triggered the Great Depression."

It's failing now too.

"‘The parallels with 1929 are, on the face of it, uncanny,’ wrote Jeremy Warner, economics commentator and assistant editor of The Daily Telegraph.
‘After more than a decade of frantic growth, extraordinary wealth creation and excess, both economies – America in 1929 and China today – are at roughly similar stages of economic development.
‘Indeed, China’s credit boom dwarfs that of even the “roaring Twenties”.’"

That's not good.

It's common advice to buy low, sell high. Another, related view is to buy fear, sell greed.

The motive behind self-driving cars is greed, but it will be presented as safety, like bubble-wrap.

"Elon Musk – the billionaire crony capitalist who loves the idea of directing the flow of history using coercion rather than consent – recently let the self-driving cat out of the bag. It will be done Because Safety. Here is the relevant quote:

“It’s too dangerous,” said Musk. “You can’t have a person driving a two-ton death machine.”

Italics added."

Send that freak to Mars. The sooner, the better.