The future of meat is plants!

“The traditional food industry is ripe for disruption.”  –The Economist

The challenge is to feed billions of people healthy food while conserving our natural resources. And the solution is plants.

Redwood City, Ca.-based company Impossible Foods has developed a new generation of sustainable meats and cheeses made entirely from plants.  Founded by biochemists who have developed numerous nut milk products over the years, the ‘impossible burger’ has the same look and texture of real meat without the saturated fats and harmful health effects (or commoditizing of animals). With a taste that amazes even ardent carnivores.

Impossible burgersThe company recently raised a second round of financing for $108 million from a group of investors that included Viking Global Investors and earlier backers Khosla Ventures; Microsoft co-founder Bill Gates; and Horizons Ventures, which invests on behalf of Hong Kong business magnate Li Ka-shing.  See:  Impossible foods raises a whopping $108 million for its plant-based burgers.

“Our mission is to give people the enjoyment of food that comes from animals without the health and environmental drawbacks.

We look at animal products at the molecular level, then select specific proteins and nutrients from greens, seeds, and grains to recreate the wonderfully complex experience of meat and dairy products. For thousands of years we’ve relied on animals to transform plants into meat, milk, cheese and eggs. Impossible Foods has found a better way to make the foods you love, directly from plants.”

Just as we don’t need to destroy our biosphere to consume efficient energy for our machines, we also don’t need carbon and water-intensive animal farming to consume ‘meat’ for our bodies.  Guilt free and delicious. This is the future and it tastes good!

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Danielle on This Week in Money

Danielle was a guest with Jim Goddard on This Week in Money on the weekend, you can listen to an audio clip of the segment here by advancing the play bar to 8:10.  Danielle was the second interview in the show.

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Dealer: “VW fraud dwarf’s Ponzi and Madoff combined”

As we discussed in Further thoughts on the emissions Scandal, the VW fraud is of epic proportions and will have compounded costs over at least several quarters for the company and Germany’s (therefore Europe’s) leading sector. See, New VW CEO: brace for ‘massive cutbacks’. Germany has been the critical engine for a moribund Europe over the past decade, and the growth trajectory of both was weak before this story broke.

The company now has the need to not only recall and redesign its cars, but also to repent, reform and massively rehabilitate its public image.  The people buying VW products believed that they were making fuel-efficient, lower pollution choices.  The attraction was a feel-better-brand with state of the art technology.  People trusted VW.  The breach of that trust makes this fraud particularly incensing to the millions who were duped.  It also means that it will take a seismic shift for the company to reform itself.

There is enormous opportunity here. For VW to make amends for the pollution that it lied about and rebuild as an authentic brand, it should leapfrog slow-moving competitors and double down on zero emission vehicles now.  German engineering with affordable, electric engines is the perfect opportunity for VW to become trustworthy once more.  See:  More reasons to embrace electric cars and Even more reasons to embrace electric cars (as if we needed more).  Lead and the people will come (back).

Steve Kalafer is furious. After 23 years selling Volkswagens at his dealership, Kalafer reckons he has never seen anything as bad as the German automaker’s rigging of the emissions levels on its clean diesel vehicles.

“This fraud makes Madoff look like the minor leagues,” Kalafer said from his dealership in Flemington, New Jersey. “It is the biggest fraud I have ever seen in all of business. Over $300 billion of these products have been sold in Europe, $15 billion [in]the United States. That dwarfs Ponzi and Madoff combined.” Here is a direct video link.

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Monthly chart of the S&P 500

S&P 500 Oct 7, 2015

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Oil hopes spring eternal

Weakening economic data continues to undermine the case for a 2015 US rate hike (despite naive hopes of the Fed). The U$ rally (underway since 2008) has responded with consolidation over the past couple of weeks. This on top of Middle East/Russian tension has given commodity shorts a reason to cover, and the energy sector has staged a dramatic bounce off recent lows. But this is all financial market jostling. In the real economy each oil spike is self-defeating, as higher prices spur a resurgence of output on to a market drowning in supply and wanting in demand…and storage.

As explained by Goldman analyst Currie (below), in the aftermath of over-production booms where easy credit has spurred wild-eyed speculation, durable price bottoms are not reached until ‘believers’ capitulate, throw in the towel on rebound bets, and finally move whatever capital they have left to the sidelines or other sectors.  We have not seen this yet in energy.  Every rally to date has brought another burst of hope–and production.

“The risk of $20 is driven by what we call a breach in storage capacity, meaning that you have supply above demand, you fill every storage tank on planet earth and then you have nowhere to put it,” Jeff Currie, head of commodity research at Goldman told CNBC from the annual Oil & Money conference in London.”(Then) supply has to come down in line with demand. The only way you get that correction is prices crash down to cash costs, which for a U.S. producer, is somewhere around $20 a barrel.” Jeff Currie, global head of commodities research at Goldman Sachs, says the risk of crude oil reaching $20 a barrel is driven by “breaching storage capacity. Here is a direct video link.

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Some ‘concrete’ thoughts on ‘sub-merging’ China

Some good big picture in this clip.

Former U.S. Treasury Secretary Lawrence Summers discusses risks from emerging markets and the changing nature of China’s economy. Here is a direct video link.

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