Re: Gloom, Doom, or Boom? Finance and Economics
Posted: Tue Feb 02, 2016 7:54 am
Are OECD countries going to negative interest rates because it is normal.
Another day in the Universe
https://www.onthenatureofthings.net/forum/
It is unusual.Mr. Perfect wrote:Are OECD countries going to negative interest rates because it is normal.
Quite.noddy wrote:i thought they already have been for quite some time if you add real inflation to the 1-2% interest rates which all the OECD central banks are sitting on
japan has just made it explicit, thats all.
Saw the movie too, was worth watching.Typhoon wrote:The Big Short gets the financial crisis right.Typhoon wrote:5HkbSbwEPNc
Watched the movie. Riveting.
Along with govt encouragement, there were lots of private sectors crooks, none of whom were prosecuted.
Rather, they were rewarded instead.
A small group of pundits have criticized the movie, claiming that the fundamental narrative is wrong. The government, they say, is at fault, because it forced banks to give mortgages to lower-income people who couldn’t afford them. Barron’s blamed Bill Clinton, the Wall Street Journal blamed “uncertainty about how government would treat the biggest banks,” and Peter Wallison at the American Enterprise Institute went back to pursuing his white whale, blaming Fannie Mae and Freddie Mac for all that is wrong in the world.
Each of these arguments has been so thoroughly debunked over the years that they are not worth spilling more than a few pixels here. Yes, Clinton -- and George W. Bush after him -- both promoted housing for lower-income families. However, these were not the mortgages at the heart of the crisis. As my Bloomberg View colleague Noah Smith observes, “housing bubbles manifested in many countries that had no equivalent to the government-sponsored enterprises Fannie Mae and Freddie Mac, the bubble was driven by middle- and high-income borrowers, and the borrowers who drove up prices were primarily speculators rather than owner-occupiers.”
Mastering The Art Of Bosslessness
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The way Zobrist tells it, "I came in the day after I became CEO, and gathered the people. I told them 'tomorrow when you come to work, you do not work for me or for a boss. You work for your customer. I don't pay you. They do. Every customer has its own factory now. You do what is needed for the customer.'" And with that single stroke, he eliminated the central control: personnel, product development, purchasing—all gone.
Twenty teams were formed on the spot, based on knowledge of the customer: Fiat, Volvo, Volkswagen, etc. Each team was responsible not only for the customer, but for its own human resources, purchasing, and product development.
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?you can read all the threads on how modern companies arent sharing the loot around with the general population if you want the version with out gibberish.
company makes X, middle management costs Y, product producers cost Z, so directors get X - (Y+Z) as profityou can read all the threads on how modern companies arent sharing the loot around with the general population if you want the version with out gibberish.
A bunch of sh!t has hit the fan.
Drones will take $127bn worth of human work by 2020, PwC says
But new research suggests delivery is just one small way drones are going to replace humans. The tiny airborne vessels will soon clean windows on skyscrapers, verify insurance claims and spray pesticide on crops.
The global market for drones, valued at around $2 billion today, will replace up to $127 billion worth of business services and human labour over the next four years, according to a new research by consulting firm PwC.
Those who can't predict well, should predict often.Nonc Hilaire wrote:
Nonc Hilaire wrote:.
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I think this is a case of correlation is not causation.Nonc Hilaire wrote:
Nonc Hilaire wrote:.
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Building robot McDonald's staff 'cheaper' than hiring workers on minimum wage
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Former CEO Ed Rensi said: "I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry.
"It’s cheaper to buy a $35,000 (£24,000) robotic arm than it is to hire an employee who’s inefficient making $15 (£10.20) an hour bagging French fries.
"It's nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe."
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I think some restaurant owners will be surprised when people simply stop coming to restaurants that replace people with computers. The one drive through fast food restaurant we frequent has even stopped using the speaker system entirely and has hired two people extra to stand outside and take orders personally using iPads.YMix wrote:Building robot McDonald's staff 'cheaper' than hiring workers on minimum wage
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Former CEO Ed Rensi said: "I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry.
"It’s cheaper to buy a $35,000 (£24,000) robotic arm than it is to hire an employee who’s inefficient making $15 (£10.20) an hour bagging French fries.
"It's nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe."
[...]
Chic-Filet does that during the busy periods. it will be interesting to see the generational breakdown of who visits automated restaurants and who does not.Nonc Hilaire wrote: I think some restaurant owners will be surprised when people simply stop coming to restaurants that replace people with computers. The one drive through fast food restaurant we frequent has even stopped using the speaker system entirely and has hired two people extra to stand outside and take orders personally using iPads.
I notice more people are avoiding the computerized self-check out lines at stores and deriding the self-checkout users too.
Interesting.Nonc Hilaire wrote:I think some restaurant owners will be surprised when people simply stop coming to restaurants that replace people with computers. The one drive through fast food restaurant we frequent has even stopped using the speaker system entirely and has hired two people extra to stand outside and take orders personally using iPads.YMix wrote:Building robot McDonald's staff 'cheaper' than hiring workers on minimum wage
[...]
Former CEO Ed Rensi said: "I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry.
"It’s cheaper to buy a $35,000 (£24,000) robotic arm than it is to hire an employee who’s inefficient making $15 (£10.20) an hour bagging French fries.
"It's nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe."
[...]
I notice more people are avoiding the computerized self-check out lines at stores and deriding the self-checkout users too.