Heckuva week there. Finish strong with the best morning train reads in the land:
• Some Thoughts On “Awful” Emerging Markets (Irrelevant Investor) see also How two of history’s greatest investors deal with losses (Reformed Broker)
• 3 Reasons to Rejoice Higher Interest Rates (Rick Ferri)
• You’ll never be a Yale superman (FT Alphaville)
• 10 Questions I’m Thinking About (Wealth of Common Sense)
• Stores Suffer From a Shift of Behavior in Buyers (NYT)
The stock market top may be in. It’s not the shoe shine boy or the barber. Its a prison inmate instead. The basic concepts of personal finance he has been learning are smart, but the penny stock etc. trading is likely to blow up in a bear.
Think of how much wealth he’ll have at the end of his life sentence.
Putting the band back together…http://www.buzzfeed.com/andrewkaczynski/al-gore-insiders-figuring-out-if-theres-a-path-for-him-to-ru#.exgE4DWKm
“Pro-business” “Success” Carly Fiorina Wants Choice in Vaccinations
Look the GOP are a bunch of loon balls. Now the GOP Media Machine created all these idiots. So it’s all your fault, but is having an anti-science population really worth it to cut the top 01% tax rates bu a few percent worth all the destruction you assholes do?
Carly Fiorina is a clown. What has she done but lose?
She drove Lucent into the ground: http://fortune.com/2010/10/15/carly-fiorinas-troubling-telecom-past/
Oh but Donald…. oh Donald. America’s favorite New Yorker
This is what the GOP Media Machine has created in their “Base.”
Republicans need to appologize not only to Obama, Democrats, and the country but the world.
Politico are MORONS if they think putting out will make “The GOP Base” less likely to vote for Trump.
Jenna Bush GIves Birth
Who gives a fuck? Send your daughter to Iraq to get her legs blown off.
Jeb Bush blasts Obama administration for ‘victory dance’ in Cuba
Yes we should all self-flagellate at the secular nod to another nation and remember all those brave men and women your smarter brother put to death opening up Iraq so ISIS could move in.
You wonder with Big Oil, Big Food and Big Coal, you’re only polling at high single digits Jeb? Because you’re an idiot.
Common Sense’s number two about bond market liquidity.
“…If you’re worried about bond market liquidity, the easiest solution is to never put yourself in the position of being a forced seller of bonds…”
The whiners are making a political statement against Dodd Frank. It is a ridiculous meme that you would never say about having “too much cash from the ATM”
It’s déjà vu all over again.
Back to Fundamentals in Emerging Markets
Following 15 years of hype, a new conventional wisdom has taken hold: emerging markets are in deep trouble. Many analysts had extrapolated rapid growth in countries such as Brazil, Russia, Turkey, and India into the indefinite future, calling them the new engines of the world economy. Now growth is down in almost all of them, and investors are pulling their money out …
We need a suitable epitaph for the human race.
First unmanned factory takes shape in Dongguan City
(People’s Daily Online)
July 15, 2015
The first unmanned factory in Dongguan, a city of southeastern China’s Guangdong province, lays out a vision of future manufacturing: all the processes are operated by computer-controlled robots, computer numerical control machining equipment, unmanned transport trucks and automated warehouse equipment. The technical staff just sits at the computer and monitors through a central control system.
At the workshop of Changying Precision Technology Company in Dongguan, known as the “world factory”, which manufactures cell phone modules, 60 robot arms at 10 production lines are polishing the modules day and night. Each line has an automatic belt and three workers who are just responsible for checking lines and monitoring.
A few months ago, it required 650 workers to finish this process. A robot arm can replace six to eight workers, now there are 60 workers and the number will be reduced to 20 in the future, according to Luo Weiqiang, general manager of the company.
This is the first step of the “robot replace human” program. In the next two years the number of robots will be increased to 1,000 and 80 percent process will be conducted by robots, said Chen Qixing, president of the company.
Stuffy old pukes that worship the GOP, getting a dose of free markets.
1) “…CEO of .XYZ David Negari couldn’t believe his luck and was subsequently interviewed by a dozen media outlets, appearing on TV as well to talk up new internet dot-words, and claiming the “end of dot-com” (an approach which a few months earlier has earned him a lawsuit from dot-com operator Verisign)…”
2) We MUST protect our huge sugar plantations from cheap Cuban sugar!
3) “…As Americans spend more money on doing things, not buying things, department stores are losing out…”
What about those retailing executives careers? What about their option packages and deferred comp schemes that earn them tax free income for decades?! Free markets means people buying things, not… memories! Right?!