Financial topics

Investments, gold, currencies, surviving after a financial meltdown
vincecate
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Re: Financial topics

Post by vincecate »

John wrote:Just saw a good segment on 60 Minutes explaining why manufacturing is
returning to the United States. There's an avalanche of automation,
and a robot can do a job for $3.50 per hour - the same as a Chinese
worker -- so the manufacturing comes back here.

However the jobs don't come back.
When a company has to figure out how much a robot costs them per hour they look at the capital costs and the interest rate.
When interest rates are 1.5% then robots are much more competitive. So I believe that Bernanke's super low interest rates are helping robots and killing jobs.

http://howfiatdies.blogspot.com/2012/12 ... -jobs.html
aedens
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Re: Financial topics

Post by aedens »

Socialism... is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created. Socialism p. 414 Mises

No, robots do not affect the advancement of capital accumulation for the management of scarce resources.
Specialization and Division of Labor Cross Price Elasticity of Demand.
Point is the net working capital was utilized properly so we now have more employees since we have another group.
I was one of five who worked over 90 hours that week to put it in to prevent RME and increased the rate of production.
gerald
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Re: Financial topics

Post by gerald »

Robots are great, however --- having spent some time in factories, and even taking into consideration poor education, some people are dumber then bricks. What do you do with them?
Let them be a burden on society and reproduce more bricks? Eugenics? An interesting dilemma.
John
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Re: Financial topics

Post by John »

Allegedly, a photo from Ben Bernanke as a child:

Image

http://pronlinenews.com/?p=28840
OLD1953
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Re: Financial topics

Post by OLD1953 »

Looks like Bernake hasn't changed much with age. LOL.

The problem of what to do with people on the left side of the bell curve is one of the great social problems of our time. The other is much older, what to do about the natural result of compound interest.
Higgenbotham
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Re: Financial topics

Post by Higgenbotham »

aedens wrote:As you noted the rate of cycle decay, and how far it may actually be.
Going back further than the dates I originally posted, the first significant high after the 2009 bottom was June 11, 2009. That's 690 days from May 2, 2011. Using that, the series runs 690, 336, 165, 80, 39 with the corresponding decay ratios of 0.487, 0.491, 0.485, 0.488.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
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Re: Financial topics

Post by Higgenbotham »

With regard to automation, I think it only works if the displaced worker can be put into an equivalent or better job. Since the worker is not already in a better job, chances are that's not a possibility, so then the question becomes whether the displaced worker can be put into an equivalent job. If not, then automation is a net negative overall, as far as I can tell. The proof of whether automation works would be to require the company who is automating to pay the total cost of the automation project, which would include either retraining the dispaced workers for alternative employment or paying their social benefit costs in the event employment could not be obtained. Under current conditions of scarce low skill employment opportunities, it's my estimate that almost no automation would be done.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aedens
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Re: Financial topics

Post by aedens »

http://www.epa.gov/enforcement/air/cases/wps.html

http://www.scmp.com/news/china/article/ ... scmp_today

ot: http://falkenblog.blogspot.be/2013/01/i ... e-sdf.html

Reminds me of the sweeps and g30 allowances we read up on to "lockups". Distributive noise on inside choices
is not a market or was never meant to as drip buckets to tranche. Never wanted to dig into swaps as rollovers to avoid premium marks
on time stamps which was looked over anyway. It still hinged on sweeps last time that blew up to the lockup and short term
paper that ceased fundings. My point being we should have not saved them on sweeps when they locked it up then!
The House sealed that notional value on customer acounts anyway we can posit.
ZIRP on micro compressions eliminations are demented repressionary elements. Call it sliding scale thuggery
to TARP incompetance as the tinker with allowances is not a risk premuim.

http://www.aaronsw.com/weblog/verysick Never one reason and the loss of another bright light.
I heard he was charged to be incarcerated for decades to spread knowledge on what we have already paid for
as taxpayers.
https://www.techdirt.com/articles/20130 ... sted.shtml
aedens
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Re: Financial topics

Post by aedens »

aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

gerald wrote:Robots are great, however --- having spent some time in factories, and even taking into consideration poor education, some people are dumber then bricks. What do you do with them?
Let them be a burden on society and reproduce more bricks? Eugenics? An interesting dilemma.
(Cordato 1992a and 1995) and will not be recounted in any detail here. But in order to understand the genesis of the alternative, the core problems with the standard approach need to be made explicit. These problems can be summarized as follows:

1. Efficiency is a "praxeological," i.e., individual goal seeking problem, not a value maximization problem. From a policy perspective, then, social efficiency is assessed in terms of the extent to which legal institutions facilitate consistency between the ends that actors are pursuing and the means that they are choosing to accomplish those ends.

2. Costs are subjective and therefore social costs and social value, as the terms are typically construed, do not exist as either measurable or even theoretical concepts. The standard approach is dependent upon being able to measure and therefore make objective these concepts. For example, the standard approach to environmental economics depends on being able to identify situations where the marginal private benefit of an activity exceeds the marginal social cost. This inherently involves making interpersonal utility comparisons and the summing of interpersonal evaluations across individuals. Neither of these can be held as methodologically valid.

3. Pareto optimality, i.e., the perfectly competitive general equilibrium, is irrelevant as a real world efficiency benchmark. This is largely because of the implications of 1 and 2. Because human action takes place through time, with knowledge and therefore supply and demand for inputs and outputs constantly changing, the particular Pareto optimum for any point in time is irrelevant. Strict adherence to subjective value and therefore subjective cost theory also leads to the rejection of Pareto optimality as a normative benchmark. Outside of a framework of unanimity it is impossible to talk about Pareto superior changes to a given state of the world without invoking interpersonal cost/benefit analysis.

We had 1300 employess starting from bankruptcy and now we have over 4500 in the group.

As for us as we are it was summed up "They just need you right now. … But as soon as they don’t, they’ll cast you out like a leper. … Their morals, their code… it’s a bad joke. Dropped at the first sign of trouble. They’re only as good as the world allows them to be. You’ll see—I’ll show you…"

http://newsroom.ucla.edu/portal/ucla/FD ... -5409.aspx

As for what is coming? Even if you tell them since when do macroparasites since Sumer listen. Since when do we cure ignorance and stupidity.
I think the loss of the young man is a benchmark on the illness and our dark ages we have tried to avoid for decades in the actual struggle to
survive the forces most never even see or wish to consider in darkness. Many see the dark age is already here, and we are watching the
lumens scale in response as Jevons.
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