The Curse of Digital Efficiency - Daily Reckoning
And leaves the world to darkness and to me. Now fades the glimm’ring landscape on the sight,. Save where the beetle wheels his droning flight,. Save that from yonder ivy-mantled tow’r. TIVOLI, New York – Gold is surging in the wake of China’s currency devaluation. The fear is that the Middle Kingdom has been sucked into the global “currency wars. The yellow metal rose by almost $17 in New York trading yesterday… to settle at $1,125 an ounce. Investors are turning to the perceived safety of government bonds, too. Readers are reminded that we make no prediction about where gold is going… or when it’s going to get there. It may go up. It may go down. Victims of Technology. We are still wrestling with the complexities of new technology – or rather its effects on the economy and on ourselves. Many readers have written to tell us what a fool we are. We could turn off our iPhone. We could spend a few minutes trying to understand how our car radio works, rather than just turn it down. (But who’s got a few minutes. And we could just use old technology, rather than the new, electronic variety, on our plumbing. Source: dailyreckoning.com
