The two main investment themes of the next few years are (and I hope you have adjusted your portfolio, as we suggested six months ago):
- asset prices deflation
- primary resources inflation
The consequence of both is more bicycles on the road. And this will lead to a more smiling nation. As the streets of our cities become quieter, people become friendlier:
New research, based on interviews with households on three Bristol streets, has found that people who live with high levels of motor traffic are far more likely to be socially disconnected and even ill than people who live in quiet, clean streets.
It confirms a study done by a British academic in San Francisco in 1969. This found the weight of traffic in urban areas largely determined people’s quality of life and also identified a major erosion of community on busy streets.
Image by Moritz Waldemeyer, a designer at the cutting edge in the use of LEDs. Read here how he makes the smiles using just one LED in each wheel.
