Jonock's Blog Posts on People And Picks

Why is America's Economic Engine Stalled?

Tue, 23 Aug 2011 23:10:28

In the past America's economy was fueled and kept robust by the spending habits of its citizens. American consumerism not only fueled America's economic engine it also had enough dollars left over to fuel economies world wide. This economic model worked as long as America's labor was an essential ingredient in world manufacturing and America lead the world in the production of goods. The years from 1945 to 1985 for America was a period of prosperity and salary growth unparallelled in the history of the world.
America's downward spiral start in the mid 80s. with the shipping of US jobs overseas. The jobs that went were the unskilled positions in assembly and it slowly increased year after year. The unskilled and semi-skilled blue collar jobs went first, the lost continues to broaden and escalate. American manufacturing has lost a third if its domestic jobs in the last two decades and the trend is across all industry and services. Globalization and technological advances are allowing US companies to grow while shedding labor and shifting it overseas.
But the worst is yet to come, we haven't even really started to feel the effects of technology-driven efficiency on middle-income white-collar fields like information technology. Computer software is improving exponentially and already programs can now do boilerplate legal work, for instance, and make a first pass at reading X-rays and other medical scans. Likewise, thanks to technology, we can now easily have those scans read and interpreted by professionals half a world away. The estimates of ...

Unemployment in America Cause and Fix

Wed, 20 Apr 2011 22:23:54

The new economic climate in the US is a tougher and more technical environment than was our Dad's economy situation. The days of getting a job for life on the shock absorber line cramming washers, has gone the way of the "five cents a each or six for a quarter  carton of coke"(1951). All our Dads needed was a High School diploma or a cousin in the union and he was set for life. However in today's world all those jobs consisting of unskilled or semi-skilled labor have been shipped offshore. Those mind numbing repetitive tasks that supplied blue collar Americans with a middle class salary are now being done by robots in some third world country for a mere penitence, and rightly so, for its the natural way of capitalism, get the best value for your dollar. I might also add that the quality of these products has not been sacrificed, in some cases, of close tolerance assembly, the quality has actually improved. Suffice it to say these jobs are never coming back to America. This is the price of progress and capitalism at work. Just as Japan, South Korean, China and other world manufacturing centers have seen living conditions and incomes rise with the movement this manufacturing on to their shores, America has seen unemployment rise to unacceptable levels as the unemployed continue to look for jobs that are now extinct in America.
How did it happen? Over the past quarter century America ...

Will Oil Reach $300/barrel by May 13. 2011?

Sun, 27 Feb 2011 07:10:44

This prediction, in the UK, Thursday February 24, 2011 edition of “ The Daily Telegraph”
“Oil strategist at Nomura, Michael Lo, estimates that oil prices could top $220-a-barrel - almost double today's high of $119 - if both Libya and Algeria halt production as a result of political unrest.”,
brought to mind the Blog I wrote on May 12, 2008 “Jonock's Blog : Economic Prognosis “ In which I mention $300/barrel as being the “Economic collapse point” for oil cost.
In the comments for this Blog “Mack The Knife” ask me for a “time line“ on this cost and my reply was “as early as three years” May 13, 2011 is the three year mark.
Still stand by your “comments” on oil cost “JJJ”?
What is your prediction for oil cost on May 13, 2011?
What will happen this hurricain season when the gulf closeses down?
We have a major problem looming , how will it affect the market?...