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Retail Technology

The new industrial revolution hits retail: prepare for mass firings.

By / 21 Comments / 24 March 2017

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 …

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Look at the retail sector and see the power of the new industrial revolution

By / 9 Comments / 20 July 2016

Summary: Economists and financial experts are baffled by events because their minds know only the past and so do not see the new industrial revolution at work, slowly in its early days. Look at the retail sector. What explains unusually high corporate profits, rapid growth in sales — along with slow growth in jobs and …

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What’s Going On With The Economy: Making Sense Of The Clashing Numbers

By / 1 Comment / 12 February 2016

Summary; Here is a look at today’s data, helping to spark a rally but in fact showing a slowing economy. Today’s numbers show the clashing signals typical of an economy nearing an inflection point — in this case, typical of an economy before a recession (or an economy pausing before surging).  {2nd of  2 posts …

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Economists forecast a boom soon. The numbers show slowing. Who is right?

By / 4 Comments / 30 September 2014

Summary: 2014 was to be the year the US economy reached “escape velocity” from the slow 2.2% GDP growth since the crash. So far, as repeatedly predicted here, that has not happened. What might the second half of 2014 hold for us? The long-awaited acceleration, or more trend growth, or (what few economists expect) further slowing? …

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