“A Tech-Powered Disinflationary World”

via Eric Peters in the latest wknd notes:

Disruption: “The biggest ten S&P 500 companies are fighting to reduce GDP,” he said from Silicon Valley. “They’re undermining everyone else’s revenue.” Apple’s iPhone enabled Uber. An iPad means you don’t have to buy your kids video consoles. Google means you don’t need a library. Amazon destroys physical retailers. “You have all these great companies, these huge companies, but they’re probably net negative for growth using standard measurements. So GDP is not necessarily a great barometer for trying to figure out what’s supposed to happen to stocks.”

Disruption II: “Beat on earnings, missed on revenues,” he continued from the Valley. You hear that a lot about US equities. “That’s what a tech-powered disinflationary world looks like, there’s nothing wrong with it unless you own credit, get used to it.” US companies hold the world’s most valuable intellectual property. “Liberal arts majors think tech will miraculously solve every problem. They don’t have a clue. But tech solves lots. Take fracking. Imagine the US has 10% of earth’s frackable deposits. Just look at how it disrupted global energy almost overnight.”

Josh here, this is an important insight and makes me think of what I said in Abundance the other day. 

Source:

One River Asset Management

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. bitcoin evolution review commented on Sep 23

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2016/03/13/a-tech-powered-disinflationary-world/ […]

  2. bitcoin era price commented on Sep 25

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2016/03/13/a-tech-powered-disinflationary-world/ […]

  3. blazing trader commented on Oct 03

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2016/03/13/a-tech-powered-disinflationary-world/ […]

  4. Benefits of Intelligent Automation commented on Nov 13

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2016/03/13/a-tech-powered-disinflationary-world/ […]

  5. important site commented on Nov 25

    … [Trackback]

    […] Here you can find 92922 additional Information on that Topic: thereformedbroker.com/2016/03/13/a-tech-powered-disinflationary-world/ […]

  6. Institutional Repository commented on Dec 28

    … [Trackback]

    […] Here you can find 23285 more Info on that Topic: thereformedbroker.com/2016/03/13/a-tech-powered-disinflationary-world/ […]