September 15, 2015
New York City taxis may be on their last fares. A NYC judge ruled that the 80-year old yellow cabs – regulated by medallions that can cost hundreds of thousands of dollars – must compete with ride-sharing, low-entry cost companies such as Uber and Lyft, or die. The judge wrote, “Any expectation that the medallion would function as a shield against the rapid technological advances of the modern world would not have been reasonable.”
Socionomists wrote in the May 2014 Elliott Wave Financial Forecast, “Medallion prices should fall back to levels not seen since the 1980s. Or maybe medallions will just go away.”
Learn more about the application of socionomics in society
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.
The Socionomist enables you to see trend-shaping waves of social mood, as reflected by the stock market — and capitalize on them. The June issue looks at phases of social mood and features a “Research Roundup,” which highlights five academic studies that shine a light on important aspects of socionomic theory. Mood Riffs topics include “quiet luxury,” loneliness, the Writers Guild strike and efforts by countries to trade in currencies other than the U.S. dollar. Read the June issue when you become a Socionomics Premier Member.
