Jul

10

"Radical economic transparency" allows hedge funds to count lites and other worthless things related to markets.

"These Investors Have Satellites; They're Seeing Data You Don't"

By Jeff Kearns (Bloomberg Business)

Some 250 miles above the Earth, a flock of shoebox-size Dove satellites is helping to change our understanding of economic life below.

In Myanmar, night lights indicate slower growth than World Bank estimates. In Kenya, photos of homes with metal roofs can show transition from poverty. In China, trucks in factory parking lots can indicate industrial output.

Images from these and other satellites, combined with big- data software, are helping to create what former NASA scientist James Crawford calls a "macroscope" to "see things that are too large to be taken in by the human eye." Aid organizations can use the results to distribute donations. Investors can mine them to pick stocks.

anonymous writes: 

You're evaluation as "worthless" is surprising. I would have thought this was your cup of tea, but 2 decades ahead of pack.

I watched the train tracks that pass a several miles away heading to the refineries burdened with miles and miles of tankers, and the pipe yards fill up

On a related note, the restaurants in Houston that used to bustle with employees that are directly and indirectly related to the oil and gas sector have fallen quiet at lunch time. There is no longer a wait at the sushi restaurant, and others that are surrounded by service companies. 6 months ago you would be on an hour wait, now you walk in anytime and have a seat. The office buildings are emptying out, and my partner is considering buying his landlords building out on the cheap. Residential real estate has diverged though, actually shot up in price in Houston's core. There are many amateur speculators that didn't get the memo. We'll see if these properties move.


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1 Comment so far

  1. Russ MacAusland on July 13, 2015 8:26 am

    How ’bout some comments from contributors on recent Pope Francis diatribe?!

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