Tag Archives: Creative Destruction

Creative Destruction: The Music Industry

Posted on December 4, 2012 by macromon

The iTunes store…reinvented music.  Between 2003 and 2007, more than 2,700 record stores vanished, freeing up real estate and capital that could be used for other things. – Michael Saylor, The Mobile Wave

Posted in Technology, Uncategorized | Tagged , , | 1 Comment

Are the Droids Taking Our Jobs? MUST VIEW!

Posted on September 25, 2012 by macromon

We really hope Fed Chairman Bernanke sees this Ted Talk by Andrew McAfee, a management research scientist at MIT’s Sloan School of Management.    QE∞ will not rollback the technological  forces that are shaping the global labor market and risks … Continue reading →

Posted in Employment, Innovation, Technology, Uncategorized | Tagged , , , , , | Leave a comment

Fed Ready to Fire Up the Printing Press

Posted on September 1, 2012 by macromon

As we assess the benefits and costs of alternative policy approaches, though, we must not lose sight of the daunting economic challenges that confront our nation. The stagnation of the labor market in particular is a grave concern not only … Continue reading →

Posted in Commodities, Monetary Policy | Tagged , , | 2 Comments

Nonlinear Thinking: Robot Run Warehouses

Posted on November 10, 2011 by macromon

Here’s an interesting video clip that reinforces our view that almost all new innovation and technology is labor saving/destroying and that U.S. unemployment is much more structural than most perceive (click here to view video).   Even the military, with the … Continue reading →

Posted in Employment, Equities, Nonlinear Thinking, Policy, Politics | Tagged , , , , , | 1 Comment