Business
Matt and Phil discuss the premise of exponential technological progress which is leading to a technological “Singularity” as described by Ray Kurzweil, Peter Diamondis, and others. Once the premise is defined, they discuss accompanying investment themes. On a macro-level, Matt anticipates that the forces of technological unemployment, bloated sovereign debt, and aging demographics will cause a “perfect storm” of deflation. On a micro-level, they discuss individual companies/stocks that are likely to fall in value. For the “trade of the week”, Matt identifies two specific buy levels for Bitcoin.