Remember the saying ..." If u dont appreciate your good stuff then someone else may take it " ....Kiwisaver contributions make us all appreciate our great companies without many knowing about them ...
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Interesting chart
Wonder what the big thing will be next year when AI has run it’s course
Food security and supply. Just a casual observation yesterday farmland has doubled in value in AU. Interest rates have long been a farmers biggest cost. Watch farmers lower inputs as costs soar with predictable results. Any industry that can produce low cost foods will be worth a look, maybe some advancements in micro brewing and lab grown?
I thought inflation, interests rates and cost of doing business will come down before 2025. It's not going to happen. According to S&P Global forecast, Inflation unlikely to return to Reserve Bank’s target until 2026.
https://thewest.com.au/business/agriculture/australian-farming-prices-almost-double-in-three-years-c-11103209
Farmland prices have almost doubled over the past three years, according to new data from the Australian Bureau of Agricultural and Resource Economics and Sciences.
https://www.abc.net.au/news/2023-06-28/cost-of-living-hikes-hit-glenorchy-businesses-customers/102530312
https://thewest.com.au/business/economy/inflation-unlikely-to-return-to-reserve-banks-target-of-2-to-3-per-cent-until-2026-sp-global-forecasts-c-11047426
- In short: Small business owners in Hobart's northern suburbs are bracing themselves for the new financial year, as electricity and rate costs increase
- What's next? One council has relaxed penalties for late payments in recognition of tough times
Inflationin Australia is unlikely to return to the Reserve Bank’s target range for another three years, according to S&P Global, which remains positive about the ability of the home loan market to handle even more rate hikes.
https://www.9news.com.au/finance/rise-in-business-collapse-insolvency-interest-rates-inflation-cost-of-living-explainer/ca18acb7-eeba-4a4c-b08c-a060e998847e
A recent analysis by NAB shows there has been a bounce back in businesses collapsing with a huge 30 per cent rise in insolvencies in 2022 after a slowdown during the COVID-19 pandemic.
But with economic headwinds placing pressure on Aussie consumers and businesses alike, experts are worried there will be a far higher rise in collapses in 2023 as companies face a looming recession.
It appears Aussie farm prices are about half what they are here per hectare. Lots more land and different climate I suppose.
I do think people are too negative on the NZ market. There's this one listing for example, USF.NZX, that just reached an all time high in the last 5 minutes.
I don't know what it's about - some food producer I guess. It includes Apples and chips and a whole bunch of other things I don't understand (and don't have to fortunately).
USF is S&P 500 Index Fund of Vanguard as traded on NZX thru smart shares
"some food producer I guess" hahaha. Funny bobdn.
https://www.cnbc.com/2023/06/28/powe...-meetings.html
Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate increases ahead and possibly at an aggressive pace.
“We believe there’s more restriction coming,” Powell said during a monetary policy session in Sintra, Portugal. “What’s really driving it ... is a very strong labor market"
The fear of job loss due variously to mechanisation, automation, computerization, or AI has been a recurring panic for hundreds of years, since the original onset of machinery such as the mechanical loom. Even though every new major technology has led to more jobs at higher wages throughout history, each wave of this panic is accompanied by claims that “this time is different” – this is the time it will finally happen, this is the technology that will finally deliver the hammer blow to human labor.
And yet, it never happens.
We’ve been through two such technology-driven unemployment panic cycles in our recent past – the outsourcing panic of the 2000’s, and the automation panic of the 2010’s. Notwithstanding many talking heads, pundits, and even tech executives pounding the table throughout both decades that mass unemployment was near, by late 2019 – right before the onset of COVID – the world had more jobs at higher wages than ever in history.
Nevertheless this mistaken idea will not die. And sure enough, it's back
This time, we finally have the technology that’s going to take all the jobs and render human workers superfluous – real AI. Surely this time history won’t repeat, and AI will cause mass unemployment – and not rapid economic, job, and wage growth – right?
No, that’s not going to happen – and in fact AI, if allowed to develop and proliferate throughout the economy, may cause the most dramatic and sustained economic boom of all time, with correspondingly record job and wage growth – the exact opposite of the fear. And here’s why.
The core mistake the automation-kills-jobs doomers keep making is called the lump of labour fallacy. This fallacy is the incorrect notion that there is a fixed amount of labor to be done in the economy at any given time, and either machines do it or people do it – and if machines do it, there will be no work for people to do.
The Lump Of Labor Fallacy flows naturally from naive intuition, but naive intuition here is wrong. When technology is applied to production, we get productivity growth – an increase in output generated by a reduction in inputs. The result is lower prices for goods and services. As prices for goods and services fall, we pay less for them, meaning that we now have extra spending power with which to buy other things. This increases demand in the economy, which drives the creation of new production – including new products and new industries – which then creates new jobs for the people who were replaced by machines in prior jobs. The result is a larger economy with higher material prosperity, more industries, more products, and more jobs.
But the good news doesn’t stop there. We also get higher wages. This is because, at the level of the individual worker, the marketplace sets compensation as a function of the marginal productivity of the worker. A worker in a technology-infused business will be more productive than a worker in a traditional business. The employer will either pay that worker more money as he is now more productive, or another employer will, purely out of self interest. The result is that technology introduced into an industry generally not only increases the number of jobs in the industry but also raises wages.
Think of what it would mean for literally all existing human labor to be replaced by machines.
It would mean a takeoff rate of economic productivity growth that would be absolutely stratospheric, far beyond any historical precedent. Prices of existing goods and services would drop across the board to virtually zero. Consumer welfare would skyrocket. Consumer spending power would skyrocket. New demand in the economy would explode.
Entrepreneurs would create dizzying arrays of new industries, products, and services, and employ as many people and AI as they could as fast as possible to meet all the new demand.