A world where some algo-jigged financial assets trade in a highly levered world of their own dreaming, while real economy staples crash. No need for revenue growth, or organic profit growth, or customers, or realistic present valuations of future cash flows. Welcome to the Fed-induced magical mystery tour. Only a problem of course when the dream crashes once more, and it becomes apparent that emergency help no longer exists.
A. Gary Shilling & Co. President Gary Shilling discusses the price of oil on “Bloomberg Surveillance.” Here is a direct video link.
With its wings stretched wide to catch the sun’s energy, a Swiss-made solar-powered aircraft took off from Abu Dhabi just after daybreak Monday in a historic first attempt to fly around the world without a drop of fossil fuel. Here is a direct video link.
And here is a CNBC report with more of the technical details.
