De-Globalization and The Great Monetary Experiment:
These are two major risks facing the world economy going forward, as highlighted by Swiss Re’s new report, New emerging risk insights.
A World of Risks:
The Impact and Likelihood of Global Risks:
Quotable:
“Risk comes from not knowing what you’re doing.” – Warren Buffett
“I have long understood that losing always comes with the territory when you wander into the gambling business, just as getting crippled for life is an acceptable risk in the linebacker business. They both are extremely violent sports, and pain is part of the bargain. Buy the ticket, take the ride.” – Hunter S. Thompson
“Take calculated risks. That is quite different from being rash.” – George S. Patton
“An asteroid or a supervolcano could certainly destroy us, but we also face risks the dinosaurs never saw: An engineered virus, nuclear war, inadvertent creation of a micro black hole, or some as-yet-unknown technology could spell the end of us.” – Elon Musk
“Prophesy is a good line of business, but it is full of risks.” – Mark Twain
What We’re Reading:
Robot surgery market set to change (Financial Times)
Drinking the kool-aid–Fitbit edition (The Wall Street Journal)
‘Fair and Flat’ cuts taxes for all (Washington Times)
SEC Charges Municipal Underwriters (The Wall Street Journal)
China’s economy is hitting a wall — and it’s going to affect everyone (Yahoo! Finance)
Blow Up the Tax Code and Start Over (The Wall Street Journal)
Notable & Quotable: Milton Friedman (The Wall Street Journal)