Summary: The new industrial revolution will have its greatest effect on industries that have large imbalances. Like retail, after decades of overbuilding stores. Lots of jobs will be destroyed. Watch closely, other industries will be hit with similar shocks. Hayley Petersen at Business Insider points to the next wave of the industrial revolution: "The retail apocalypse … Continue reading The new industrial revolution hits retail: prepare for mass firings.
Summary: Usually we can only guess at the motives of our senior officials. But on rare occasions they give us clues to their real priorities and objectives. The Fed is especially opaque, so we speculate about their odd rate increases during a slow and slowing economy. Yesterday Janet Yellen explained why. The answer is shocking … Continue reading Surprising revelation: Janet Yellen reveals why the Fed is raising rates!
Summary: Today we learn about all those open jobs for truck drivers, waiting for lazy Americans (or more immigrants) to fill them. It is another bogus "skills shortage" story, revealing much about how America is changing. The road to larger trucking industry profits. The plutocrat revolution against America has many fronts. One of the most important is their … Continue reading So many open jobs for truck drivers! It’s another bogus skills shortage story.