Covid-19: Global Retrenchment Will Obliterate Sales, Profits and Yes, Big Tech February 20, 2020
Even before the Covid-19 pandemic, the global economy was slowing for two reasons: 1) everybody who can afford it already has it and 2) overcapacity. One word captures the end-of-the-cycle stagnation: saturation.
Big Tech will not be immune to this implosion of profits. Corporate leadership runs in herds just like consumers, and so corporations hired too many people, signed too many leases, rushed into cloud services and borrowed too much money to buy back shares, a.k.a. “create shareholder value.”
Other Posts/Links Below the Fold
Omens, Portents, Karma and the Mandate of Heaven February 19, 2020
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The Violent Collision of Market Fantasy and Viral Reality February 14, 2020
Our “Come to Mao” Reckoning and the Next Cultural Revolution February 13, 2020
China's Fatal Dilemma February 11, 2020
Controlling the Narrative Is Not the Same as Controlling the Virus February 9, 2020
The Pandemic Isn't Ending, It's Just the Beginning of Global Disorder and Depression February 7, 2020
Pandemic, Lies and Videos: What Were We Thinking? February 6, 2020
When China's Supply Chains Break, so Will the Delusion the U.S. Economy Is Invulnerable February 5, 2020
Projecting “Wave 2” and “Wave 3” of the Coronavirus Pandemic February 4, 2020
Brace for Impact: Global Pandemic Already Baked In February 3, 2020
Second-Order Effects: The Unexpectedly Slippery Path to Dow 10,000 January 31, 2020
Has the Global Economy Finally Exhausted its Good Luck? January 30, 2020
Coronavirus and the “Unsinkable” Titanic Analogy January 29, 2020
Could the Coronavirus Epidemic Be the Tipping Point in the Supply Chain Leaving China? January 28, 2020
Is the Market Grossly Underestimating the Potential Impact of the Coronavirus Epidemic? January 27, 2020
Some Practical Questions about the Coronavirus Epidemic January 26, 2020
Don't Be Too Sure January 24, 2020
