Wednesday, August 28, 2013

Economy

Even techies recognize a bubble in tech.

Artificial Intelligence app as car salesman.

Foreign countries selling US debt.
"Emerging markets are now big enough to drag down the global economy. As Indonesia, India, Ukraine, Brazil, Turkey, Venezuela, South Africa, Russia, Thailand and Kazakhstan try to shore up their currencies, the effect is ricocheting back into the advanced world in higher borrowing costs. Even China felt compelled to sell $20bn of US Treasuries in July.
"They are running down reserves by selling US and European bonds, leading to a self-reinforcing feedback loop," said Simon Derrick from BNY Mellon."
This could be the beginning of the end.

Fast food worker strike planned for Thursday. The last time they did this, few noticed. If they don't show up to work, they should be fired. There's plenty of people who would take their jobs.

No comments:

Post a Comment