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originally posted by: litterbaux
a reply to: CriticalStinker
Don’t know you, but I have the same sentiment as a lot of people including you. All this money being created out of thin air is bad, very bad. The market rally is very very typical in a bear market, shake out the bears for the next leg down. I’m very very bad at trading, but there’s one thing I know about myself, when I feel FOMO do not buy.
I’m not buying anything right now, holding SNY, DIS, DFS, TQQQ and lesser amounts in about 20 other companies.
50% cash for the next leg down.
originally posted by: EnigmaChaser
I've been reading on here (and articles) about how "screwed" we are economically and will be for the foreseeable future.
What say you, ATS?
In fact, the total inflation-adjusted output of the U.S. manufacturing sector is now higher than it has ever been. That’s true even as the sector’s employment is growing only slowly, and remains near the lowest it’s been. These diverging lines—which reflect improved productivity—highlight a huge problem with Trump’s promises to help workers by reshoring millions of manufacturing jobs. America is already producing a lot. And in any event, the return of more manufacturing won’t bring back many jobs, because the labor is increasingly being done by robots.
Boston Consulting Group reports that it costs barely $8 an hour to use a robot for spot welding in the auto industry, compared to $25 for a worker—and the gap is only going to widen. More generally, the “job intensity” of America’s manufacturing industries—and especially its best-paying advanced ones—is only going to decline. In 1980 it took 25 jobs to generate $1 million in manufacturing output in the U.S. Today it takes five jobs.
The automated, hyper-efficient shop floors of modern manufacturing won’t give Trump much room to deliver on his outsized promises to bring back millions of jobs for his blue-collar supporters.
It’s precisely the kind of thing that both Clinton and Trump, with varying degrees of emphasis and policy prescriptions, have pledged to accelerate as a way to cure America’s blue-collar woes. Using tougher trade policies with China and others to restore the nation’s manufacturing sector will bring home jobs, the theory goes.
Ranir’s experience appears to back up such assumptions at first blush. After all, now it is American workers who are busy around the clock churning out 13,000 toothbrush heads a day for Wal-Mart, Walgreens and other retailers.
There’s just one catch: Thanks to the new robotic manufacturing process that Ranir adopted, it takes only four workers at the American plant to do the same job that almost certainly required dozens more in China. And they spend much of their time watching to make sure the computer-driven machines are working properly.
Instead of the clang and bustle of a traditional plant, the four workers go about their chores in a clean-room setting, wearing large white protective hats. So what the Ranir story actually shows is not how easy it would be to bring back manufacturing jobs, but how small the results can be, thanks largely to the very thing that made the return possible: automation.
originally posted by: EnigmaChaser
If you think we're dealing with a dead cat bounce here I think you're sorely misguided...
originally posted by: Krakatoa
I thought before this everyone in the world hates the U.S. So, why should the U.S. give a crap about helping those countries and citizens that openly hated on us before?
Karma's a bitch, huh?
But like Buffet has said, "stocks are the only thing people don't want to buy when they're on sale". Rings true here too apparently.
KEY POINTS
White House health advisor Dr. Anthony Fauci expressed “cautious optimism” that the deadly coronavirus outbreak is slowing down in the United States.
Fauci said that parts of the country may start to reopen as soon as May.
While the country won’t suddenly turn back on like a “light switch,” there are “indications” that some of the metrics used to gauge the crisis “are starting to level off” in some areas, Fauci said.