The cars themselves are not really the problem (i.e. the steel, materials, and electronic components). The constraints are going to come with the batteries, specifically with the commodities needed to make these batteries. They’re really the long pole for the industry.
Absolutely, and not just with Waymo. I’ll even argue that the rollout of self-driving technology will be nationwide, thanks to Tesla, but I’m sure we’ll get to that topic in a moment.
The important thing is that it’s moving forward. This is smart legislation. And what’s interesting is the geopolitical backdrop that this is happening in.
My working assumption is that the Fed will wait until the Fed Funds Rate is within 50 basis points of the core CPI. That would give them enough cover to declare “mission accomplished” and back off.
Despite the general doom and gloom in the office sector, Owen tells me there are still some bright spots if you know where to look. And one of those bright spots includes real estate for one high-tech industry…
Three years ago, I might have been more optimistic about CBDCs. They certainly would remove a lot of friction in the financial system. But today, the implications of this type of power in the hands of governments worries me.
With 2022 coming to a close, we’ll look back at some of the incredible developments that took place in bleeding-edge industries this year – and look ahead at what’s to come in 2023.