http://davidstockmanscontracorner.com/let-them-eat-ipads-14-years-of-data-debunk-feds-inflation-shortfall-canard/
I guess the problem in this table is the following. a Plane Ticket from Lisbon (My city) to Paris now costs 300 euros and in 2000 it would cost 150! However now you can fly Easyjet and pay 30 euros.
I guess College tuition almost double but now i can dowload TED talks, and the best conferences from the best teachers from Milken Institute for free! I can get education for free.
Now i can download music & books almost for free with services that i only have to pay a very small fee and rent the music instead of buying a whole CD when i just want to listen to one or two tunes.
I guess i can buy more with the same money than in 2000. And to me that is deflation.
Even Low wage jobs are doomed
From Businessinsider
Chili's
is giving its patrons something to do while they wait for their mix and match
fajitas.
These tablets, as The Verge notes, aren't the high-end Apple and Samsung
devices we've become accustomed to seeing, but rather less expensive computers
that are cheaper to replace or repair (theft isn't uncommon).
As tablets in restaurants go, Chili's has become a standard bearer. They just
announced the introduction of 45,000 Ziosk tablets in 800 locations.
"By this fall, guests at nearly every Chili's in the country can place
orders, play games and pay their checks from our tabletop tablets," said Ziosk
CEO Austen Mulinder in a statement.
http://www.businessinsider.com/tablets-are-making-waiters-obsolete-2014-6
Well when you do something that is routine and always the same you are going to be replaced by a machine. That is the future. It could take more or less time. But it's the future. Less people wainting at tables and making a bit more money. As everything else in life when you work with machines you can make a bit more money because you are replacing dozens of people.
Only the human touch can't be replaced by a machine! So be nice, be of service, give honest advice or be fired.
With 45 Celsius, alone for 8 hours
After the finish line in the Sea
I had a race last Saturday called EOX240. I finished 9th only because many cyclists DNF (Did not finish) because of the extreme heat.
http://www.eox240.com/index.php?option=com_k2&view=item&layout=item&id=34&Itemid=214&lang=en
We crossed Portugal from Spain to the coast in Zambujeira do Mar. I did 12h43 minutes in the 244 km off road.
The day before the race I slept in Serpa with my kids. Had a pasta dinner and went to bed at 10 pm .
The start was at 6 am in Vila Verde Ficalho in the Border with Spain. I put the alarm clock at 3h30 am. However for some reason the clock went off at 2 am and i didn't take notice of that. So i had shower put my bike clothes and prepared my food for the day. When i went for breakfast there was no breakfast yet because i had spoke to the owner (very nice people to get up at 4 am!) of the Hotel for a 4h15 am early breakfast.
I went back to bed with my clothes on and the sun screen all over me!
Well at 6 am i was ready to go. We were 80 riders for the day. Some of them i know them well because for these ultra races there are not many people crazy enough. Temperature at 6 am was already some 25 Celsius. It was a fast start and i decided not to let my pulse go above 170 so i lost the first group.
At km 56 at the first Food stop i was in the 30th position. I stopped for some water and one banana. After that I went on fast with a group of 5 with my good friend Pedro Henriques who would finish 6th overall.
At km 123 at food stop 2, i was already alone and temperature was already above 40 celsius. when i get there lot's of riders were sitting in the shade and were ready to call it a day.
I refill my Camelback eat more banana and 2 glasses of coke. I didn't got into the shade. My friends from BTT Loulé/BPI the team sponsored by BPI helped me with the chain oil and i was off to the sun again. I had 20 people ahead of me.
From km 123 until km 174 at Food stop 3 i went almost always alone with temperatures around 45 Celsius! Off course i thought about giving up but i always thought about my kids. It would be bad to be back at the Hotel and tell them i had quit. Well i stopped at a hose in someone's garden to refresh , then at a café to pour cold water at my head (more coke) and again & again. I stopped some 10 times during the day to wet myself completely!
At food stop 4 at 5 pm the temperature was getting better and the prospect of the finish line and a swim at the sea made me energetic again. I did the last part of the race at normal speed. It was a difficult day, almost impossible to ride. I saw cyclists in dams to refresh, they din't care about the race, i saw a huge snake with more than 1 meter, i saw cyclists under the trees waiting for something, i saw zero people outside, everybody was inhouse.... I stopped in bar's & cafés something i never do it was a day as i never seen.
After the race with so much water all over me i had big bruises in my bottom and hands because i tried to stay wet as much as i could but that is very bad for the skin. Well i finish , burned 8600 calories and now i feel fine. If i had quit i know it would be something that would annoy me forever.
This is a picture from the same place but in a normal day with normal temperatures. When i get a picture of Saturday race i will post but even the photographer flee from the sun.
“Routine, in an intelligent man, is a sign of ambition.”
― W.H. Auden
I believe in routine. It gives me peace & time to think the important things. Most of the days i eat the same things over & over, start working at the same time only use Brooks Brothers Dress shirts (all white of course) and i workout with the same exercises over & over again.
What is different everyday? I read a lot & everyday i read different things. I met different people all the time & i travel to different cities.
In my workouts i have 2 types of days. Days where i do 80% effort and full effort days where i try to expand my limits. Today it's going to be a 80% day!
“I won’t kiss you. It might get to be a habit and I can’t
get rid of habits.”
That is why Diet's don't work but different habits do..... change your habits if you have ambition.
Not being a turkey starts with figuring out the difference between true and
manufactured stability.
(Antifragile, Nassim Nicholas-Taleb, Pg. 93, Random
House Publishing Group, 2012)
But there is a second, less benign possible reason for low volatility: markets have been so distorted by heavy government interference since 2008 that investors are frozen.
From gillian.tett@ft.com , Tranquil markets are enjoying too much of a good thing
Is this the calm before the storm?
I don't know but what i see is the following
1.If you have money you get zero income from your Capital
2.If you get zero income you spend less
3.Automation is slowly killing jobs everywhere
4.If you have no job you spend less
5.All together demand growth is limited, people are already deep in debt so credit expansion is not an option.
6.Growth is going to disappoint and central banks will keep doing what they have been doing.
If for some reason growth accelerates rates would go up and on a first impact markets would sold off badly! So Good is Bad but i don't see Good coming soon. Growth is going to disappoint.
