Click to enlarge.
As seen in the chart, we're currently attempting to recreate the prosperity of the 1990s!
If you think I'll sit around as the world goes by
You're thinkin' like a fool cause it's a case of do or die
Out there is a fortune waitin' to be had
You think I'll let it go you're mad
You've got another thing comin'
You're thinkin' like a fool cause it's a case of do or die
Out there is a fortune waitin' to be had
You think I'll let it go you're mad
You've got another thing comin'
Source Data:
St. Louis Fed: Custom Chart
If we build them, they will come.
ReplyDeleteI'm speaking of robots of course.
Some jobs are still beyond the reach of automation: construction jobs that require workers to move in unpredictable settings and perform different tasks that are not repetitive; assembly work that requires tactile feedback like placing fiberglass panels inside airplanes, boats or cars; and assembly jobs where only a limited quantity of products are made or where there are many versions of each product, requiring expensive reprogramming of robots.
But that list is growing shorter.
"Is that a bandit spooning a robot?"
ReplyDeleteScooter
Mark, I found out that one day robots won't exist for just building stuff...
Out there is a fortune waitin' to be had
ReplyDeleteYou think I'll let it go you're mad
You've got another thing comin'
Can't we just book all the profits from todays home sales when we apply for the building permits? Wait a minute, that sounds familiar:
Hotel Kenneth LAYA
(sung to the tune of Hotel California)
So I called up the partner
I said " Please book this entry"
He said," We haven't had a debit here since 1993"
And still the gurus are calling from far away
Worry worry in the middle of the night
Just to hear them say
Welcome to the
Hotel Mark-to-Market
such a lovely face
such a fragile place
They liven it' up at the Hotel Cram-it-DownYa
When the suits arrive bring your alibis
Mirrors on the 10K, makes it look real nice
And she said, "We only make disclosures here
of our own device"
And in the partners' chambers
Cooking up a new deal
Three percent in an S-P-E
but they just can't make it real
Last thing I remember I was running for the doors
I had to find the entries back
to the GAAP we had before
"Relax," said the client
"We are programmed to succeed
You can audit anytime you like
but we will never bleed."
The latest DARPA challenge will make inroads on construction jobs.
ReplyDeleteWatchtower,
ReplyDeleteSpectacular -- first Captain Flynt's bandits attack, then Claptrap shows up! I must have been horrifyingly cruel to puppies in a previous life to deserve this kind of treatment. - Sir Hammerlock
Fritz_O,
ReplyDeleteHe said," We haven't had a debit here since 1993"
Borrowed prosperity is almost like the real thing!
TJandTheBear,
ReplyDeleteDARPA Robot Stayin' Alive