Ed’s Daily Notes for July 17th   1 comment

CNBC: Google likely trillion dollar company

Admittedly, this is speculative, although I agree:

Google has the potential to hit a trillion-dollar market cap in the next 10 years, according to one technology investing leader.

Jim Breyer, founder and CEO at Breyer Capital and a partner in Accel Partners, expects the search engine giant to join Facebook in gobbling up smaller companies and continuing to grow rapidly.

“The environment we’re in now is probably the most interesting seismic change relative to the new companies that will be Internet leaders,” Breyer said Wednesday at the Delivering Alpha conference presented by CNBC and Institutional Investor. “The froth in some of the venture capital consumer Internet companies without business models—if they’re not being bought by Google or Facebook, they’re going out of business.”

On a more bearish note:

Bloomberg: What to Fear If China Crashes

Few moments in modern financial history were scarier than the week of Sept. 15, 2008, when first Lehman Brothers and then American International Group collapsed. Who could forget the cratering stock markets, panicky bailout negotiations, rampant foreclosures, depressing job losses and decimated retirement accounts — not to mention the discouraging recovery since then?

Yet a Chinese crash might make 2008 look like a garden party. As the risks of one increase, it’s worth exploring how it might look. After all, China is now the world’s biggest trading nation, the second-biggest economy and holder of some $4 trillion of foreign-currency reserves. If China does experience a true credit crisis, it would be felt around the world.

…at a minimum it would torch China’s property markets and could take down systemically important parts of Hong Kong’s banking system. The reverberations probably wouldn’t stop there, however, and would hit resource-dependent Australia, batter trade-driven economies Japan, Singapore, South Korea and Taiwan and whack prices of everything from oil and steel to gold and corn.

Posted July 17, 2014 by edmcgon in China, Market Analysis, News

One response to “Ed’s Daily Notes for July 17th

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  1. Copper is showings signs of slowing China. Below thw $3.00 area is a danger zone.

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