\nAt an annual gathering of the profession, researchers presented evidence and talks that amounted to warnings on the state of the record-long expansion.<\/p>\n
SAN DIEGO – The mood among economic forecasters gathered for their annual meeting last weekend was dark. They warned one another about President Trump’s trade war, about government budget deficits and, repeatedly, about the inability of central banks to fully combat another recession should one sweep the globe anytime soon.<\/p>\n
Among the thousands of economists gathered for the profession’s annual meeting, there was little celebration of Mr. Trump’s economic policies, even though unemployment is at a 50-year low, wages are rising and the economy is experiencing its longest expansion on record.<\/p>\n
Underlying their sense of foreboding was a widespread sentiment that the current expansion is built on a potentially shaky combination of high deficits and low interest rates – and when it ends, as it is bound to do eventually, it could do so painfully.<\/p>\n
Those concerns were echoed on Wednesday by economists at the World Bank, who called the worldwide expansion “fragile” in their latest “Global Economic Prospects” report. The report forecasts a slight uptick in growth in 2020 after a sluggish year bogged down by trade tensions and weak investment. But it said “downside risks predominate,” including the potential escalation of trade fights, sharp slowdowns in the United States and other wealthy countries and financial disruptions in emerging markets like China and India.<\/p>\n
You can read the rest of the nonsense here.<\/strong><\/a><\/p>\n Apple climbs again<\/span><\/strong><\/p>\n Here’s Apple in the last year.<\/p>\n There’s nothing in their earnings or sales to justify this, except that their P\/E is still only 25.5 — even today.<\/p>\n My morning’s thoughts:<\/p>\n Maybe they\u2019ll do something to justify the higher price? Introduce a 5G phone? Get rid of the annoying cutout at the top of the screen?<\/p>\n Introduce a MacBook Pro with a decent keyboard?<\/p>\n Suffice, there remains a shortage of hyped technology stocks — though we have a pretty good list — check out the right hand column now updated. Click here.<\/strong><\/a><\/p>\n Boeing is up today<\/strong><\/p>\n Cees Penning, a reader, wrote me this morning:<\/p>\n Boeing should make a survey to see how many people are not willing to fly on Neither would my wife. Me neither.<\/p>\n In fact, until they figure out what happened to this week’s crash of a 737 in Tehran, I’m leery about flying any Boeing 737.<\/p>\n Late afternoon update: the Iranians shot the 737 down by mistake. The plane had just taken off from the main Tehran airport and was climbing to its cruising altitude.<\/p>\n You deserve this<\/strong><\/span><\/p>\n Whether your hearing is shot or still good, you deserve this for watching TV. The quality is better than your TV, with or without your over-priced soundbar. You’ll hear the dialog. You’ll hear it in stereo. Netflix and others come alive. Best of all, your partner can sleep while you watch a chick-flick or escapist nonsense.<\/p>\n![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2020\/01\/AppleONeYear.jpg\")
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\na 737 Max. I would not.<\/p>\n![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2020\/01\/SennheiserRS-120.jpg\")
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