Artificial intelligence is rampant. Today's gamblers betting on reflation have forgotten that the economy was sold for special dividends at the rate of 17 factories per day since 2000...
Henry Ford: “Walter, how are you going to get those robots to pay your union dues,”
Henry Ford: “Walter, how are you going to get those robots to pay your union dues,”
Walter Reuther: “Henry, how are you going to get them to buy your cars?”
Reality denialists such as the EconoDunce don't get it. The world changed in 2008. Since 2008, due to extreme global deflation, the pace of "change" has accelerated because 0% capital has funded mass automation. Supply without demand aka. delayed bankruptcy. If one cell dies and is replaced, that's rejuvenation. If all cells die at the same time, that's called death.
The first problem is that robots don't go shopping...
"Cheap debt created a massive retail real estate bubble that is now bursting right before our eyes"
The second problem is that robots don't eat out either...
The third problem is that they don't pay any taxes...
Federal Tax receipts (24 month rate of change), through December 2016:
The fourth problem is that they aren't taking any road trips...
Gasoline demand 24 month moving average (red) with U.S. deficit:
U.S. Oil ETF:
"If you buy it via leveraged futures, they will come..."
One thing bots do very well, is buy stocks. Until they realize there are no more morons left on the other side of the trade. Then they step away from the casino, and let the chips fall where they may...
