In the latest episode of the Keiser Report, Max and Stacy discuss the fact that Silicon Valley is beginning to lack innovation and $400 juicers are the evidence. While limited real data is presented, the willingness of Americans to simply buy the next ‘cool’ product may signal a top or unsustainable market.
Keiser notes that,
“This is a new milestone in absurd kitchen accessory. $400 to essentially squeeze fruit from an orange, this does indicate however that the amount of money flowing into projects of dubious quality may be reaching a top.”
Always a challenge to predict the top, Keiser references the dot.com bubble with companies such as pet.com going public prior to 2000 and attracting financings worth many billions before going bankrupt. With the Nasdaq and US indices near all-time highs, a correction is long overdue. Both Stacey and Max discuss how innovation in the U.S. is drying up.
In the second half, Max interviews Dan Collins of TheChinaMoneyReport.com about China’s tech sector coming up with all the innovations while drawing in all the investment. While Silicon Valley wastes capital on complex juicers, China attracts 50% of global fintech investment and its digital payments market is 50 times larger than America’s.
