Economic Outlook

Robots Are Taking A Record Number Of U.S. Jobs

The latest report from the Robotic Industries Association (RIA) has just come out, and it shows that robots are taking over a record number of U.S. jobs and that 35,880 robots were shipped to the U.S., Canada and Mexico in 2018–up 7 percent from the previous year.

Of those shipments, 16,702 were to non-automotive companies — a year-on-year increase of 41 percent. Generally, across all sectors combined. Click here for full article.

 

Millennial Debt Soars Past $1 Trillion

The debt load marks the highest exposure for the group since late 2007 at a time when younger adults under 35-years-old have decreased their spending compared to previous generations. A Friday University of Michigan survey determined that this was likely due to weakened job prospects, student loans and delayed marriage.

With millennial consumers not consuming, several policies to boost young adult spending have begun to enter the political dialogue, such as student loan debt …Click here for full article.

Farmers Going Bankrupt – A Prelude to a Boom?

Part of the cycle for a commodity boom is typically preceded by a commodity depression in which the productive capacity is reduced. We are witnessing that in the agricultural sector. Additionally, extremely cold weather continues. Bankruptcies in the farming sector have been on the rise since 2014. These are the pre-staged events that are required to create a commodity boom for the next cycle — the reduction in supply.

Is US Unemployment So Low That A Recession Is Unavoidable?

The U.S. unemployment rate ticked slightly higher to 4 percent in January, just off its lowest levels of the past 50 years. While a low unemployment rate is good news for American workers, it has historically been bad news for investors…..CLICK for complete article

More Millennials Own A Cannabis Stock Than Apple

Like Peter Lynch once said, consumers should stick to investing in what they know.

And apparently, millennials who use the RobinHood free stock-trading app have taken this advice to heart. According to Business Insider, shares of Aurora Cannabis, the Canadian cannabis producer, are now more popular among the app’s (mostly millennial) users than Apple….CLICK for complete article