The Millennium Wave
The Millennium Wave By: John Mauldin 1. Within ten years, most of the world will be able to access cheap (I mean really cheap) high-speed wireless broadband at connection rates that dwarf what we now have. That is going to unleash a wave of creativity and new business that will be staggering, and energy to change the world in ways we can hardly imagine. 2. Because of the internet, the advances of one person soon become known and built upon in a giant dance of collaboration. It is because of this giant dance, this unplanned group effort, that we will all figure out how to make advances in so many ways. (Of course, that is hugely disruptive to businesses that don’t adapt.) 3. Within a few years, it will be hard to keep up with the number of human trials of gene therapy and stem cell research. 4. A whole new industry is getting ready to be born. And with it new jobs and investment opportunities. 5. Energy problems? Are we running out of oil? My bet is that in less than 20 years we won’t c...