There is so much work to be done. An example can be found in Los Angeles where the judiciary, government unions and politicians  have conspired to award a certificate for life after 2 years to 98% of teachers. Despite California students ranking at the bottom in the entire US. No wonder teachers send their own kids to private school!

….also from Michael: Buckle Up – Interest Rates Are Heading Higher

A study says that by 2025 the cost of  a robot that does welding will be less than $2 an hour. That’ll keep Union Shop Stewards awake at night. Australia’s Dept. of Industry  predicts that 500,000 high skilled jobs like accounting and finance will be replaced by robots and automation! There’s a lot of competition for a job. (Transcript & links below)

Robots Demand $2 an Hour

One subject that can always guarantee some angry emails and usually name-calling along lines of “I’m a moron to suggest that technological substitution has to be considered in so many areas from minimum wage, to government subsidies, healthcare reform and transit. It’s a good bet these people won’t want to consider the impact of technology on the Presidential election, where Donald Trump rode blue-collar job losses to the white house in some key states. 

….also from Michael: The Main Investment Theme For the Next Decade

Join Michael for Money Talks every Saturday from 8:30am to 10:00am PST. Listen live on CKNW.com, CHQR.com or via podcast at Moneytalks.net

Don Vialoux on the cycle trends and technical trends of markets. With the Dow at an all-time high and the election of a pro-business President, Don lays out some opportunities, though Canada does face some challenge

…also from Michael: The Main Investment Theme For the Next Decade

The primary trend affecting your finances, politics and the economy over the next  decade or more is the loss of confidence and distrust in Government.

….related: Nationwide anti-Trump protests rock the US

Anger in Chicago, New York, Oakland, Pittsburg and other cities protesters carry signs saying “Not My President”. The Deplorable’s Act With Class & Bernie Sanders says it best in this comment

…also Michael’s Mid-Week Comment: Donald Trump = It’s The Biggest Sc*w You to the Existing Elite, Especially the Media