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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 manufacturers has come at a cost. Factories have replaced millions of workers with machines. Even if you know the rough outline of this story, looking at the Bureau of Labor Statistics data is still shocking. A historical chart of U.S. manufacturing employment shows steady growth from the end of the Depression until the early 1980s, when the number of jobs drops a little. Then things stay largely flat until about 1999. After that, the numbers simply collapse. In the 10 years ending in 2009, factories shed workers so fast that they erased almost all the gains of the previous 70 years; roughly one out of every three manufacturing jobs – about 6 million in total – disappeared.
The evidence is irrefutable…
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 US.
Go to France and buy a real mansion with for just a few mill
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 will come" hedge fund groupies continue their wishful thinking attack, Japan slowly continue to stubbornly defy them by demonstrating that revival and growth, although not easy, are still very much in the cards for the world's third largest economy.Japanese property markets are being front run on the expectation that Abenomics would 1. BOJ printing would inflate markets like the US S&P and 2. Companies and funds would speculate on the investors who would in turn speculate on a recovery. Basically a circle jerk if ever I saw one.
The problem is:
But I'm sure all those with the required blinkers on will only see great things ahead of them.
I see Abenomics is still having the predicted as opposed to desired outcomes…
It's all those big bad Chinese fault..
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 farAbsolutely. There's an old saying in business; spend more time 'on' the business rather than working 'in' the business. Broking is a discipline that is detailed, complex and requires a certain amount of skill. It takes years to acquire that skill experience and knowledge especially related to property investing.
Smart business people learn to leverage the technical skills and abilities of their investing team while they focus on more productive activities. Successful business leaders are good at delegating responsibilities to those with the best chance of positive outcomes. They don't try and do everything themselves.
A motivated individual with a good team will out-do an individual trying to do it mostly by themselves by a substantial stretch.
Only bothered with life insurance for a critical but brief period when the kids where young. Figured I'd live forever… so far so good
Near death experiences and hospitalisations;
- mother was in a bad roll over when she was 7 months with me
- hospitalised with colic at 10 mths
- swallowed a threepence when I was 5, coughed it up just as i was going under
- fell out the car when I was 7
- wrote off a sports car in a 90mph prang when I was 14..walked away
- hospital 1 week Leptospirosis mid 30's
- meningitis RPA early 40's
- Campylobacter food poisoning mid 40's
- Campylobacter food poisoning again early 50's
- heart attack early 50's
insurance … who needs it..
DWolfe wrote:Those are my things to watch for the next 3 years!
There's only one thing to watch over the next few years and that's China (where Aus is concerned anyway). China's banking system has had two near death experiences over the last 6 months and remains firmly stuck in the credit creation cycle. It has no choice but to exit this cycle (basically taper like the FED) or it will simply blow up. Tapering requires crushing growth of 7.5% down to around 3% for them to transition from an investment lead economy to a more consumption based economy. That means shifting the wealth creation machinery towards building wealth within the general populace (so they can consume)and away from the elites. A complex and politically difficult task.
Whatever the outcome it is all negative for the Australian economy. Throw in Japans crazy Uncle Abe and Sth Koreas difficulties and you have some serious head winds for AU. Given that Abbot and Co are somewhat like Bill and Ben the flower pot men I can't get excited about Australia's chances over the next 3 – 5.
Plan accordingly.
Nah that's the NZ end. Red tape here has got way out of hand since I've been away. Does my head in.. Don't get me started on converting licenses over..
