The simple point, dear readers, is that markets can be built on intellectual foundations of sand. It might be a while before everyone realizes that and prices adjust violently, but we get there in the end.
But then we get examples rammed in our faces. For example, bond issuance by an energy-producing company so incredibly profitable it somehow needs to tap international capital markets for billions, the pricing for which then trades inside the sovereign which owns it. Or a major transportation company that loses money with every journey it makes whose IPO is massively over-subscribed and then slumps…to be followed by the IPO of a rival firm with exactly the same money-losing business model.
Can I politely suggest that it is the Chinese scientists whose intelligence needs to be raised? Technologyreview.com quotes James Sikela, a geneticist who carries out comparative studies among primates at the University of Colorado: “The use of transgenic monkeys to study human genes linked to brain evolution is a very risky road to take. It is a classic slippery slope issue and one that we can expect to recur as this type of research is pursued.” He is concerned the experiment will soon lead to even more extreme modifications. And how could that end badly?!!! Haven’t we just had a series of Hollywood movies pointing out in detail what kind of horrible scenarios could play out there – and, yes, they were even released in China. (Though the classic episode of The Simpsons with super-intelligent space chimps probably wasn’t.) And, of course, the idiot-savant human-genome-editing/monkey-genome-editing crowd is joined by scientists trying to bring back dinosaurs. Again, it’s not as if we haven’t been saturated with movies telling us what an appalling-stupid idea that would be. As Jeff Goldblum’s character Dr Ian Malcolm says in the first Jurassic Park adventure: “Your scientists were so preoccupied with whether or not they could, they didn’t stop to think if they should.” Folks, that applies not only to X-Men, Superman, and Planet of the Apes scenarios in China, but to so, so much that one sees around you in the markets daily. Frankly, as I’ve said before and will say again:
Stop the Planet of the Apes, I Want to Get Off. From Chimpan A to Chimpan Z, you’ll never make a monkey out of me.
http://www.zerohedge.com/news/2019-04-12/it-seemed-good-idea-time?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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