“President Trump has placed a strong focus on the protection of the United States interests in business, and trade. It seems that the US is partnering with other nations to stop the influence of brazen rule breakers like China.”— Tracy Beanz, tracybeanz.com
“Germany wishes to be a country that lends its contribution in the future to solve the problems of the world together, we think that shutting ourselves off and isolating ourselves will not lead us into a good future. Protectionism is not the proper answer.”— Angela Merkel, cnbc.com
“One of the perverse effects of increased indexing and E.T.F. activity is that it will tend to ‘lock in’ today’s relative valuations between securities,’ Mr. Klarman wrote.”— Andrew Ross Sorkin, Seth Klarman, nytimes.com
“The second [coming disruption] is telerobotics. There are a couple of well-known ones. One is the surgeon operating at a 100-kilometer distance from the patient. But you can imagine that hotel rooms in London could be cleaned by people driving robots sitting in Kenya or Buenos Aires or wherever, for…”— Eshe Nelson, Richard Baldwin, qz.com
“We shouldn’t try and protect jobs; we should protect workers. It’s really a fool’s errand to struggle with because after a year or two those jobs will still go. Either they will be replaced by robots or they’ll move to Mexico or China.”— Eshe Nelson, Richard Baldwin, qz.com