Debt Crisis and US Economic Future
Remember that when the administration declared August 2 as the deadline, they actually left some spare
time so that they could play "chicken" and still not really be in danger of a default.
Typically the US is known for not "doing the right thing" until they are in a crisis. Sometime in the future if
one of the ratings agencies were to reduce the credit rating of US Treasuries, it might finally force the US to
curb their spending. As a general statement, the influx of automation and robotics is still at the beginning
stages and that technology is the only thing that can save the US from total bankruptcy given the
commitments to entitlements.
The field of economics will need to be significantly changed as the movement toward automation
accelerates. Does the US economy need an increase in population and new homes to house them? The old
economic model thinks so. The actual excitement and growth is in Apple, IBM, Intuitive Surgical and other
automation and robotic stocks. We need more engineers, not carpenters to meet these modern trends.
Eventually manufacturing will be moving to the locations where the product is needed. Automation will
level the playing field and labor rates will equilibrate. Consider how the beginnings of 3D printing will
mean that some small parts will be printed locally rather than shipped simply because the cost of shipping
can be higher than the cost of manufacture by 3D printing.
don
Next
Remember that when the administration declared August 2 as the deadline, they actually left some spare
time so that they could play "chicken" and still not really be in danger of a default.
Typically the US is known for not "doing the right thing" until they are in a crisis. Sometime in the future if
one of the ratings agencies were to reduce the credit rating of US Treasuries, it might finally force the US to
curb their spending. As a general statement, the influx of automation and robotics is still at the beginning
stages and that technology is the only thing that can save the US from total bankruptcy given the
commitments to entitlements.
The field of economics will need to be significantly changed as the movement toward automation
accelerates. Does the US economy need an increase in population and new homes to house them? The old
economic model thinks so. The actual excitement and growth is in Apple, IBM, Intuitive Surgical and other
automation and robotic stocks. We need more engineers, not carpenters to meet these modern trends.
Eventually manufacturing will be moving to the locations where the product is needed. Automation will
level the playing field and labor rates will equilibrate. Consider how the beginnings of 3D printing will
mean that some small parts will be printed locally rather than shipped simply because the cost of shipping
can be higher than the cost of manufacture by 3D printing.
don
Next
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