What the Pros Say (Amazon, Bitcoin, AI & Investing Post-Tax-Reform)

Amazon. A technical but interesting piece by Benedict Evans.

Bitcoin"Chaos Proxy."

Artificial IntelligenceWall Street is effed. And, generally speaking, "There's going to be huge displacement," says Mark Cuban (video).

InvestingStanley Drunkenmiller has some thoughts (video) about the markets today including, among other things, how "monetary radicalism" has created an environment for sh*tshows like Steinhoff International Holdings (owner of the ubiquitous Mattress Firm), Bitcoin, and the hunt for yield. And Jeffrey Gundlach thinks that junk bonds are going to be the victim of unintended consequences of the tax plan (video). Of course, this may increase the likelihood of default and spark more bankruptcy filings. 

What the Pros Say (Artificial Intelligence & Secured Creditor Collateral)

Artificial Intelligence. <p> Researchers at Yale and Oxford released this interesting report about the rise of the machines. In summary, AI will be better than humans at translating languages by 2024, truck driving by 2027, and retail work by 2031. We decided to drop a little html in this segment for no reason whatsoever.<p>

Secured Creditor Collateral. Jeez...we got bored just typing that but secured creditor types might want to read what Brownstein Farber Schreck's Samuel Kidder and Michael Pankow have to say about a recent 9th Circuit decision.