Economy
Almost exactly two years ago, investing legend Ray Dalio turned heads with one of the worst short-term market calls in recent memory.
The Bridgewater Associates founder, in an interview at the World Economic Forum back in January 2018, told investors that they were going to “feel pretty stupid” if they were holding cash as stocks climbed toward record highs.
SAN DIEGO — Many top economists are coming around to the belief that it’s acceptable, even preferable, for the United States government to spend more money, even if it means increasing the nation’s $23 trillion debt.
Meet the xenobot: world’s first living, self-healing robots created from frog stem cells (Sparky1)
Scientists have created the world’s first living, self-healing robots using stem cells from frogs.
Named xenobots after the African clawed frog (Xenopus laevis) from which they take their stem cells, the machines are less than a millimeter (0.04 inches) wide — small enough to travel inside human bodies. They can walk and swim, survive for weeks without food, and work together in groups.
China Tariffs to Stay Put Until After U.S. Vote Despite Deal (jasonw)
Existing tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the American presidential election, and any move to reduce them will hinge on Beijing’s compliance with the terms of a phase-one trade accord, people familiar with the matter said.
The artificial skin that allows robots to feel (Sparky1)
Robots are one step closer to gaining a human sense that has so far eluded them: Touch.
Scientists last month unveiled an artificial skin that enables robots to feel and respond to physical contact, a skill that will be needed as they come in increasingly close contact with people.
Energy
Peak Permian Oil Output Is Closer Than You Think, Investor Says (jasonw)
Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor.
“We think we are at or near peak Permian” production, Waterous said last week in an interview. “The North American oil market has been grossly overcapitalized, which is not sustainable.”
Environment
BlackRock’s Uncomfortable Truth: Going Green Won’t Be Easy (jasonw)
In a stroke, Larry Fink became one of the most powerful champions of green investing in global finance.
But behind his new sustainable-investing push at BlackRock Inc. lies an uncomfortable truth: going green won’t be easy or quick.
Flooding risk model to become available to US homeowners, buyers (jasonw)
A climate research organization will offer access to a risk model that predicts the probability of flooding for homes across the United States, giving the public a look at the data institutional investors use to gauge risk.
First Street Foundation on Tuesday launched Flood Lab firststreet.org/flood-lab, a research partnership which provides eight universities with its model that maps previous instances of flooding as well as future risks.
Gold & Silver
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