(Tacoma, WA) As we head out this morning (wheels up around 5:30 AM with any luck) we have gotten what we came for: A key insight into what’s going on in the world.
As insights go, this one is pretty good: The nutshell idea is that digital communications are having the same effects on the economy of the World that factory automation had on the United States in the run-up to the Great Depression of the 1930’s.
So yes, we will have the world’s first global depression. And this is progress? Well, yes, and no. And that’s what we will address this morning.
First, however, we will check the cereal drama (sic) of the day’s news and look at our Trading Model, which – as is customary – has continued to perform better than 90% of stock analysts and pundits. Pretty impressive, really.
So sit down, buckle in, and grab some prayer beads….this is gonna be a scary ride into your economic future.