Why Robots will kill middle Incomes but not low incomes

Moravec's paradox is the discovery by artificial intelligence and robotics researchers that, contrary to traditional assumptions, high-level reasoning requires very little computation, but low-level sensorimotor skills require enormous computational resources. The principle was articulated by Hans Moravec, Rodney Brooks, Marvin Minsky and others in the 1980s. As Moravec writes, "it is comparatively easy to make computers exhibit adult level performance on intelligence tests or playing checkers, and difficult or impossible to give them the skills of a one-year-old when it comes to perception and mobility."

 BCA reserch wisely as usual concludes that middle incomes will be squeezed and low pay jobs will survive. Why because the computers will destroy the false specialists.

 what is a False Specialist? A medical Doctor, a Management Guru, etc..... you never know if what they prescribe works or not. why ?Doctor prescribes medicine A and you get better, who knows if you were going to get better anyway. 
Another example a patient with the same conditions sees 10 different medical Doctors and gets 5 or 6 different diagnostics

 what is a real specialist? A plumber. Something does not work and after he leaves the House it works. A bike repair mechanic is also a real specialist.

Don't study to be a false specialist. soft education creates false specialists (Management, Economics, sociology etc....) study only hard sciences or physical skils, music, gymnastics, dancing, sports etc... Resultado de imagem para moravec paradox
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Better Doctor's less Drugs!

Physicians from better-ranked medical schools prescribe fewer opioids.

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Eradicating Mosquitoes what a good idea

We need to get serious about eradicating mosquitoes. This isn’t a joke; they are unstoppable in Maine, where they are merely an annoyance. Elsewhere in the world, they are much more than a pest; they are the most dangerous animal in the world to humans. DEET, citronella, electric zappers, propane attractants -- at best slow some of them down. Zika, dengue fever, malaria, yellow fever and encephalitis are why we should be making an even greater effort to deal with this global health threat. More bats and frogs may help, but technology is likely our best bet.

Barry Ritholtz
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Why prices are not going up!


The genetically engineered AquaBounty salmon shown here is about twice the size of its wild kin, although both are roughly the same age. 



AquaBounty’s gruelling path from scientific discovery to market terrified others working in animal biotechnology, and almost put the company out of business on several occasions. Scientists first demonstrated the fast-growing fish in 1989. They gave it a growth-hormone gene from Chinook salmon (Oncorhynchus tshawytscha), along with genetic regulatory elements from a third species, the ocean pout (Zoarces americanus). The genetic modifications enable the salmon to produce a continuous low level of growth hormone.

 https://www.nature.com/news/first-genetically-engineered-salmon-sold-in-canada-1.22116
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winner takes all

when we have a single currency in the end all the cars will be manufactured in the best place to produce cars, the wine will be produced in the best place to ...................

 i think all the factories will end up in Germany

 what to do? Turism & real estate in the south of Europe 
In the graph below from the great research service Gave-Kal we can see exactly this. without devaluation the best guy will keep winning.
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It's called Socialism

In a per capita measure growth in Europe goes pari-pasu with the US. See the BCA research excellent graph.
What is very different between the US & Europe is who spends the GDP, in Europe taxes are huge and the state does the spending for the people. It's called Socialism. In the graph below you can see that my country Portugal has one of the highest taxes in the world.
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I don't Buy into Inflation !

The Bureau of Labor Statistics accounts for the costs of
home ownership by assuming that homeowners rent their
houses from themselves at current market rates, even
though few homeowners ever consider themselves to be
doing so. In recent years, rents have leaped as new
households have rented and not bought their abodes, as
discussed earlier.
This has pushed up rent costs, and in June compared to a
year earlier, this Owner’s Equivalent Rent number jumped
3.2% (Chart 30). Excluding it, the CPI rose not the reported
1.6% but a mere 0.9% year over year. Nevertheless, the
fictitious Owner’s Equivalent Rent component is likely to
grow much slower in the future.



A Gary Shilling INSIGHT August


Everything is going to get cheaper & cheaper because Technological advance say so.

Look at Agriculture Commodities Index

Long Treasuries is advised
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