engelorumora wrote:
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Everyone seems to be out and about spending money of clothes, food, etc…

Doesn't look like the world is ending lol

Because you're looking at the wrong things. Talk to small business owners and young families. You'll get a whole different picture. Go to the food banks and talk to the professionals (lawyers,…[Read more]

Robots and automation are threats to job creation but that has been the case for some decades now. The latest threat is on demand production at the consumers location either at a personal level or for more sophisticated items at a local hub level.

think 3D printing…or as its being called – additive manufacturing (AM)

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Researchers at…[Read more]

It's all down hill from here..

China's been struggling for the last 6 months with 2 attempts to ease their own QE. Both times the system had a near death experience. I've warned for more than 2 years now that China will collapse eventually under the weight of debt. (Growing at $200B/mth)

For the third time in 6 months the Chinese system faces a liquidity freeze after defaults…[Read more]

Worth a read… note that industrialised countries with affordable power generation are potentially the new manufacturing hubs albeit they will be almost totally robotisised and automated.

The Siren Song of the Robot
It may not be the boon we're counting on
by Gregor Macdonald
Tuesday, January 29, 2013, 12:03 PM

Yet the success of American…[Read more]

The evidence is irrefutable…

waydo77 wrote:
i dont believe the unemployment will be as bad as you believe. someone has to service these machines, install these machines, and put them out when they catch on fire.haha

The same thing happened when computers were invented, yet here we are still. 

I personally cant wait for the day when im sitting at a mates house, drinking…[Read more]

engelorumora wrote:
How do people have the money to spend then??

Thanks

Grasshopper you are starting to see the problem then.

jayhinrichs wrote:

So the point of the above is it all depends when you buy in the RE cycle. Now that Google, Facebook etc moved into Palo Alto that house could be 2 million in a year or two…

then you go to Alanta and 1.5 mil buys you a mansion like those you see in Hollywood Movies… So really depends on when where etc here in the…[Read more]

I always thought Wild Turkey was an apt name. Boot leather soaked in bilge water then strained through a hobo's jock strap.

jmsrachel wrote:
Freckle she'll be right mate. I've got my exit plan. If all fails declare bankruptcy and make my debt the banks problem.

Better to keep your leverage at a manageable level with a 40% asset contraction (buffer) and preserve your income streams. Crashes don't break people. Too much debt and debt servicing costs do. Address that…[Read more]

You are extremely over optimistic on the US projections and probably under estimating your leverage on the AU side. You can make figures do what ever you want but reality will bring you back to earth or beak you if you want to use pie-in-the-sky projections.

A word of advice. Don't just look at the US market (or any foreign market for that…[Read more]

And lets go on three..1…2…3….

JCPenney today announced that as part of its turnaround efforts, the Company will be closing 33 underperforming stores across the country in order to focus its resources on the Company`s highest potential growth opportunities….

….and just out from Macy's,….

Approximately 2,500 employees are expected to…[Read more]

Things are getting bad. The M&A sees a Jap company Suntory buy Beam.

I'm switching to Canadian Club.. agh no I can't!. They're owned by Beam!!!

It'll have to be JD.. a fine drop too..

Mortgage origination crashing – Both BoA and Wells Fargo report slumps of 50%+ in mortgage origination.

With refi's almost non existent and a mortgage origination on the floor that just leaves speculators and hot money to float the property boat.

Spot on Ziv. The wealth transfer from the 99.9% to the 1% is continuing as planned.

Greece +7.7% – best week in 8 months
Portugal +4.7% – best week in 9 months
Spain +4.98% – best week in 16 months
Venezuela +475% – best 12 months eva

It's all going so well…

Ziv wrote:
As mr Bass and his club of "if I build it (the impending disaster) it…[Read more]

I see Abenomics is still having the predicted as opposed to desired outcomes…

It's all those big bad Chinese fault..

Simpson's the kinda of guy I wouldn't trust to look after a bag of rocks for me. That investment was discussed here last year and written off as highly suspect if not downright suicidal.

He's due in Sydney in March for a presentation.

First thing I'd do is read your contract until you know it backwards. It's not unusual for projects to be…[Read more]

JacM wrote:
Don't think of it as swallowing your pride Paul – think of it as making a smart decision to surround yourself with seriously clever people who know their stuff.  Leveraging their abilities will take you far

Absolutely. There's an old saying in business; spend more time 'on' the business rather than working 'in' the business.…[Read more]

Generally speaking a company can carry forward tax losses individuals can't.Get some advice in this area to clarify.