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" ... Houchois expects BMW to continue this gradualist approach as it introduces the electric Mini this year and the iX3, followed by the iNEXT and i4 in 2021. ... "
" ... Interestingly, the Fed panicked in 1984 while the economy was booming. Treasury notes yielded 13.5%. Yes! 13.5%. Lemme creep into Jay’s head. No booming economy and no inflationary bias. Powell does little to nothing, a gradualist, a timidist (my new word). By mid-2000 Greenspan was drowning in his own pomposity and the adulation of Washington. Too many small changes in the Fed Funds rate. ... "
" ... Why? Because the new wholesale market model clears capacity at any price, thus dramatically lowering barriers to entry. This prospective drop in price accompanied by a big jump in accessibility thanks to affordability, makes a dog’s breakfast of the Chinese model for 5G expansion, which is built around a long slow erosion in costs, with an equally slow growth in customers and usage. Financial institutions like J.P. Morgan and Morgan Stanley; and other institutions like Softbank and Canada’s biggest pension funds; who are co-financing much of the Chinese 5G Express once the Chinese have “de-risked” the project through their 'generous' vendor financing and equity inputs, are counting on that gradualist model for calculating their return on investment—and to pay off the debt they’re accruing as the cost of joining up with the Chinese. ... "