In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Predictably, when one looks at the lists of companies participating in the various blockchain and cryptocurrency research efforts the names of the Silicon Valley giants are conspicuously absent. What research and development those companies undertake is increasingly centralized, bureaucratic, and directed towards projects that require massive infrastructure such as self-driving cars.
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Some parts of the United States, such as California, are now facing a serious housing shortage that threatens the economy.
Economic growth in the Golden State will slow in coming years economists, at the University of California (UC) at Riverside and UCLA concluded. Job growth in California will slow to 1.7% in 2017 and 1.1% in 2018 largely because of high-housing costs; a report from UC Riverside forecast, California’s job creation rate was 2% in 2016.
The oil industry will survive the coming of Hyperloop and electric cars; but it will look nothing like the one we have known. Instead it will be smaller and only a few companies in it will make money. Smart investors will stay out of oil for the foreseeable future, unless they are looking for something to short.
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The situation at Kansas City Southern should make investors reconsider the notion that railroads are a value investment. Changing economic conditions are calling that value theory into question. Political conditions and the potential of major technological disruption; in the form of innovations like Hyperloop, make railroads a far riskier investment than they once were.
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Hyperloop might be the only thing that could save California’s dream of high speed rail from becoming a bureaucratic boondoggle and a national embarrassment. That could be the ultimate irony, because Musk originally proposed Hyperloop as an alternative to CHRSA. The billionaire was so disgusted by the slow speed and high cost of the original CHRSA rail proposals he devised an alternative.
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The short test track will be used to test the viability of Hyperloop and to solve practical problems related to the system’s operation, such as passenger hauling and maintenance. Ahlborn did not say how much the test facility will cost, but he is trying to raise $6 to $10 billion for a full-sized system at Quay Valley through his crowdsourced effort.
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The most astounding prediction in the report is that it would take 2 hours and 45 minutes for hyperloop to get you from Los Angeles to New York. If that projection were to come true the airline industry would basically be toast
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Fierce competition is already developing in the largely hypothetical Hyperloop industry, according to Forbes. Hyperloop Tech and HTT consider each other rivals and engage in trash talking.
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One result of a hyperloop would be a sort of economic boom in areas with lots of cheap housing that is in fairly close proximity to expensive urban areas. Another would be a fall in housing prices in areas where there are currently shortages that lead to high priced housing.
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A high-speed ground transportation system like Hyperloop could be enormously profitable if somebody actually built it. A customer for it would be United Parcel Service (NYSE: UPS), which reported a TTM revenue of $57.31 billion on Sept. 30, 2014, a $2.28 billion increase over September 2013, when it posted a TTM revenue of $55.03 billion.
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