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.
BOJ & ECB negative, China growth slowing - FED doesn't raise due to slow 4 qtr growth, oil down ... all fighting slow growth and fearing a world wide recession. Gov'ts debt tapped out but they still do crazy things.
My guess they can not stop…
. To my surprise and appreciation, it was the most level-headed exploration of Mr. Trump that I've seen, pointing out his many historical inconsistencies, and asking some very pertinent questions. A good read if you have access to the WSJ.
And if he…
Too many of you are thinking that robots will only replace menial and repetitive manufacturing jobs. Already doctors, lawyers, accountants and insurance agents are seeing impacts. Can mutual fund writers and reviewers be far behind?
Interesting…
Um, who cares about Donald being in the debate or what Fox has to say? Kind of the pot calling the kettle black to me. Not sure how anyone can defend the biggest bully on the block. Who hasn't he threatened?
Of course, we never really new what "bl…
Machines will do some, not all the tasks once done by man. Some of these changes will disrupt the job market. What challenges did 10,000 farm workers face when they were no longer needed in the fields? Some hit hard times...most adapted to the new…
I wonder if replacing the word "job" with the word "task" might help in this discussion about robotics. Robotics (automation) allows humans to move onto more important "tasks" as part of their occupation. An occupation (job) is full of different ta…
The research, done by Citi with the University of Oxford, went further into its research that found 47% of U.S. jobs are at risk of being replaced by automation.
http://www.marketwatch.com/story/boston-dc-are-cities-with-jobs-least-likely-to-be-tak…
Compare a plumber straight out of tech school...working his trade for 22 years and his/hers financial success compared to the average college graduates is quite similar and often more successful. I doubt a robot will unclog your drain at 12 AM on C…
A nearby neighbor visited during the Holiday season. His son is a college freshman, and he rightly complained about the high costs. That surely is the downside, but Figure 24 addressed the bright side of that tradeoff. Unemployment rates for Hig…
I think the world is out of step and there isn't much that can be done about it.
Europe is in terrible shape.
China is slowing.
The USA? Entering a slowdown? Oil looks to be saying yes - but there is that supply issue - OPEC, Fracking, Iran are al…
Economic cycles create hardships and you need a net to get people through it whether it is to get people through it or the banks through it. Call it whatever you want. It is next leg up of the economic cycle that creates the opportunities for grow…
What does a nation of unemployed workers do when plan b ... z is taken by a robot or artificial intelligence?
Robots don't design themselves or their interface with other mechanized movements. Robots break down quite often - daily, and you need ski…
Excercise their constitutional rights to carry a gun and go and shoot the people who write such science fiction if it isn't the reality or the politicians if it turns out to be the reality. Just the possibility of that scenario happening is what cre…
And what do all these newly freed people do for money to pay for oh little things like food, clothing, shelter and their painting supplies?
but anyone under 50 should have a plan b.
What does a nation of unemployed workers do when plan b ..…
The argument goes like this: As machines become more and more advanced, many workers will lose their jobs and others will see their wages fall. New technology will also increase the chances of a 1990s-style jump in productivity. Those forces will co…
"Robots provide a mechanism to finally unleash the human potential to create, design and care for a world long ignored due, in part, to the human slavery of previous industrial eras."
-Thoughts from a former Industrial Arts/Tech Ed/STEM Teacher (…
g
Tell me something new. :)
There is nothing new ... only doom and gloomers ... that have always been wrong because their doom and gloom is self correcting ... it never comes to fruition ... bad things never happen.
@dex,
What I mentioned is happening. It is not a theory. The USA middle class has been shrinking since the '70s. Look at the economies of Western Europe. Even China is slowing down and being weighed down with a large and aging population. It is a…
The fallacy in your thinking above is assuming that it is a closed ecosystem for a single product so costs are allocated elsewhere. You are correct if that was the case. In the second type of tech, that is a false assumption. First, ability for mu…
This tech can be disruptive. For example, robotics replacing workers but on the whole appears to create more jobs elsewhere unlike the first category.
I didn't see where the article said that. And intitively the above is wrong. If replacing wor…
I think Murphy didn't like people who used a lot to technical analysis to confound their readers. They used a lot of charts that can say anything so that the technician could cover their butts. He liked simplicity as one of his later books noted. …
Please focus on the summary chart presented on page 10 of the referenced document. It shows S&P 500 returns dating from 1980. The most compelling aspect of the Figure is that it demonstrates “S&P 500 intra-year declines vs. calendar year…
Always struck me as a Yogi Berra without the "say-what?" zinger quality especially in these short CNBC segments. He is very observationally knowledgeable given his long tenure and exposure to trading. But insights, I am not so sure.
No value in Art'…
From a recent post:
My psychiatrist told me I was crazy and I said I want a second opinion. He said okay, you're ugly too.
Rodney Dangerfield
..............
Still have around 81% in the junk munis and wondering when and if they will finally succumb to the debacle. There will be stress in many municipalities impacted by the decline in oil.
I think the oil decline might be offsetting - a decrease in ta…
The demand for meat is a classic example. It takes several pounds of grain feed stock to produce one pound of meat. Many people in developing nations cannot afford meat and also are losing access to grains that could sustain them so that meat can b…
Awes! I was so waiting for your entrance; I am sure many were. The Godwinization of Braham, how can it get any better than that with you on this forum?
Wrote the person who thinks economics is the study of echos.
Worth a read: theglobeandmail.com/news/world/how-the-worlds-richest-people-own-more-than-half-the-planetdoes/article28236362/
Keep posting those links. People need to be reminded every now and then how fragile heir freedom is. Hitler, Stalin, Mao …
Yet their aggregate impact has fallen short and is unevenly distributed. For digital technologies to benefit everyone everywhere requires closing the remaining digital divide, especially in internet access. But greater digital adoption will not be e…
Your remarks are by the way a little offensive, but I'm used to your charming bedside manner by now.
If you're not part of the solution then you are part of the problem. Stop eating... stop global warming!
I am so concerned about global warming …
We definitely have a problem with overcapacity, i.e., too much 'stuff" in Carlin's words. This has significant environmental consequences as making more stuff produces more pollution and carbon emissions, which exacerbates climate change.
Well you …