Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: In a similar trend to what we saw in Monday's ISM Manufacturing report, companies in the services sector are seeing a smaller number of commodities rising in price. In this month's commodity survey of the ISM Non Manufacturing report, respondents noted price increases in ten commodities, price declines in seven commodities, and three commodities in short supply. On a side note, Labor was one of the commodities that companies noted as being scarce. Regards, Ted http://www.bespokeinvest.com/thinkbig/2014/12/3/fewer-and-fewer-commodities-rising-in-price.html?printerFriendly=true
Commodities are real assets. Real, as in reality--- who's into that these days? Labor can't be easily monetized so, unless we were to bring back slavery or indentured servitude, what good is it? Far too many under-worked humans as it is. Bring on the robots!
Comments
So, three ways to produce...mine it, make it, farm it.
Which often makes me wonder...where does banking fit it, or travel...or any service industry, like insurance, education...
c
Labor can't be easily monetized so, unless we were to bring back slavery or indentured servitude, what good is it? Far too many under-worked humans as it is.
Bring on the robots!
Hopefully it doesn't come to that.