MEGATHREATS? MAYBE, BUT NOT INEVITABLE I recently read "Megathreats: The Ten Trends That Imperil Our Future, and How to Survive Them" by Nouriel Roubini (made famous as the predictor of the 2008-9 housing crisis). It is purposefully, "alarming. Roubini lists 10 "Megathreats:" The mother of all debt crises -- he points out that public and private debt is 350% of Gross World Product. He forecasts that defaults like Argentina (9 times since 1816 independence) will be commonplace. The bailout trap -- when banks go bad, government bails them out; when autos go bad, government bails them out; when utilities fail...you get the point. The demographic time bomb -- western civilization (and Japan) are rapidly aging. Old people don't produce, and young people don't save. The easy money trap leading to cycles of booms and busts. Stagflation Currency meltdowns Border closings and deglobalization -- immigration into the north from the south has kept labor
Popular posts from this blog
57 Years After the March on Washington, Have MLK’s Dreams been Realized?
I have a dream that one day this nation will rise up and live out the true meaning of its creed: "We hold these truths to be self-evident, that all men are created equal." – Dr. Martin Luther King, Jr. (August 28, 1963) Fifty-seven years ago, Dr. Martin Luther King, Jr. led the March on Washington D.C., where 250,000 people gathered in one of the largest political rallies in U.S. history. The March is credited with helping pass the landmark Civil Rights Act of 1964, and Dr. King delivered his famous “I Have a Dream” speech from the steps of the Lincoln Memorial. While Dr. King’s speech is rightfully immortalized, fewer remember that the March’s organizers at the time also had very concrete political demands that were as much about economic justice as racial equality. On the recent anniversary of the March, I began to wonder whether or not the March’s “10 Demands” for freedom, education and equality have been realized – and, more importantly, what we still need to do as a nat
Thinking Of Selling NFTs? Consider These Tech And Legal Factors First
The buzz around nonfungible tokens (NFTs) is reaching a fever pitch. Enthusiasts claim NFTs will permanently alter how we buy and sell everything from artwork and music to fashion and real estate. Skeptics say they are yet another overhyped bubble destined to burst — the Dutch tulips or Beanie Babies of the 2020s. It’s too early to tell which camp will prevail, but there’s no denying that NFTs are sparking fascinating conversations about technology, art, culture and authenticity across a wide range of industries. I recently wrote a simple guide to NFTs from a consumer perspective, asking pertinent questions related to legal, financial and even environmental issues. Now let’s look at the other side of the token and explore the considerations for sellers. How NFTs Work NFTs are digital assets that exist on a blockchain — usually the cryptocurrency Ethereum blockchain — and are used to represent collectibles, such as videos, images, music and memes. Each NFT has a unique valuation an
Comments