By: Economic & Finance Report

Uber the rideshare tech company, its stock tanked on its first official trading day on the NYSE, Friday, May 10, 2019 will be a day of turmoil on the Uber corporate calendar. It was a horrible trading day for the mammoth ride sharing tech company.

Uber declined close to 8% during the stock market trading day. The stock plummeting so much (in which it did), is the first time any stock has come out the gates on Wall St and lost so much market share. The valuation of Uber was at $76 billion dollars, when analysts had predicted that it would be valued around $90-$100 billion dollars, well that didn’t happen. Not only that, Uber has been bleeding money and the perception is that, Uber won’t actually make any real money until the year 2024, hopefully.

Uber being one of the biggest IPO companies probably since Alibaba, Facebook and a few others. So it to falter as it did was a shocker to some and to others, not so much. Technology companies tend not to fare well in the beginning of their IPO presence. Facebook had a rocky start coming out the gates and other big tech companies before it, have gone through similar revelations.

It’s the test of time that will dictate the longevity of Uber’s existence and if they can navigate their ship in theses rough and turbulent stock market waters. -SB

28 November 2018

1) There are reports that Apple stock holds key to end market slide, that the markets can’t turn around until Apple is going up, because the markets are being driven by the tech stocks, and Apple is the lead technology stock.  In the last two months, Apple stock has lost 25% of its value.

2) While home values have continued rising, the gains have shrunk to their lowest amount in the last two years.

3) Economy tiny houses are being offered in Silicon Valley costing $280,000.  The houses are prefabricated units.

4) GM has spent $10 billion dollars in buying back its stock, but then cut jobs to save $4.5 billion dollars.

5) 27 NOV 18      Stock market closings:

Dow                24,748.73     up      108.49
Nasdaq             7,082.70     up          0.85
S&P 500            2,682.17     up          8.72

10 Year Yield:     down    at    3.06%

Oil:     up    at     $52.02

26 November 2018

1) The government released a report on climate change and the adverse effects to be expected.  The US GPD may decline as much as 10% by 2100. It acknowledge that the US is not the only driving force of global warming, as of now, not a single G20 country is meeting their climate targets.  The costs of climate change could reach hundreds of billions of dollars annually, with agriculture predominate where farms may produce 75% less corn and 25% less soybeans.

2) The Dow may drop another 2,000 points before market selling is done.  The US economic growth could be cut in half this next year over fears of consumer demand declining.

3) A family feud threatens Campbell’s dynasty as soup sales tank, with one cousin complaining to another cousin that he didn’t have any confidence in the company management, which precipitated a feud.  Shareholders vote next Thursday, that will determine if Campbell’s will remain a family dynasty.

4) 23 NOV 18    Stock market closings:     Drop in oil prices causes drop in stock markets.

Dow                         24,285.95         down         178.74
Nasdaq                      6,938.98         down            33.27
S&P 500                     2,632.56         down            17.37

10 Year Yield:      down   at    3.05%

Oil:    down   at    $50.39

The Problems Millennials are Facing

A list of the problems the Millennials and Z-Generation are now facing in their future.

James Lyman BSAE, BSEE, MSSM

The youth of America, the millennials and Z-Generation, are now facing a number of serious problems that are shaping their lives and future, both near and far term.  Here is a short list of the most profound and critical problems they are facing:

1) Obsolescence Technology is growing exponentially, doubling every fifteen years.  Most Americans are failing to advance, that is, most have gone no further than the nineteenth century.  Therefore, more and more Americans are unable to make substantive contributions to society.

2) Technology Displacement Going hand in hand with Obsolescence is displacement by technology.  The replacement of humans by machines and technology, leaving people with minimal to no jobs.  Each passing day, more of America’s youth are not needed, not wanted, not having any real value to society.

3) Diminishing Resources The availability of resources such as natural minerals and resources, water, energy, oil . . . in particular the oil, and negative resources of pollution and trash is a continual source of problems for young Americans, both for shortages in domestic America and world competition to obtain and hold those resources.

4) Increasingly Threatening World With the end of the cold war, many felt that world peace was finally at hand, but increasingly there are threats of war across the world.  The Middle East, China and the Pacific Rim, Russia and the adjacent Eastern European countries, all are tender boxes where armed conflict can erupt. In these modern times, wars are no longer isolated affairs, instead ripples reach out across the world to affect other nations at least economically.

5) Fragile World Economies Much to the consternation of many Americans, young and old, America’s economy is tightly coupled with other country’s economies across the world, friend and foe. And it’s been this way since the start of the twentieth century, having become increasingly more interdependent.  The economies of countries such as Italy, Spain, Greece, Portugal and China are prime examples of countries with fragile economies, where sever economic problems or collapse will have profound impact on many other countries including the United States.

6) Climate Change There is a lot of daily debate about global warming and climate change, much of it revolving around people’s aversions to the high technology world they are trying to live in.  What the scientist are saying in Scientific American and Science News is that yes, there probably is climate change, the extent and effects unknown, and yes human activity may be a factor, but how much is unknown.  As with so many problems, there is a false perception of climate change being a political problem.  It’s a political problem if and only if, the legislative process has significant control over the forces driving the problem.  Climate change is a result of massive over population of a species- and that’s US . . . the 7.5 billion humans now living. The political systems does not have any real control over the most important forcing function of this problem.

7) Government Nonperformance As with any other organization, the larger the organization becomes, the more sluggish and non-responsive it becomes. This very much holds true for governments . . . Federal, state and local. Nonperformance translates into not addressing problems faced by the people. You seldom hear any government people talking about things like technology displacement and obsolescence of people, indeed they are usually very careful to avoid the topics. Yet, these and other subjects are having a very profound effect on the future of most Americans, and the younger they are, the more likely a detrimental impact to their lives.

8) Stability of American Economy Probably the most important and critical factor for the young people of America is how stable the economy remains.  The near collapse of the world’s economies in 2008 shows how susceptible people of all economic strata, are to the stability of economies.  Anytime there are upheavals in the business world, then fissures and holes open up which allows technology to flow into the economy creating obsolete people and their displacement by technology.

There are other lesser problems on this list, but those listed above are most profoundly effecting the greatest number of people, and will most likely aversely impact the future of the millennials and Z-Generation.  While Obsolescence and Technology Displacement are at the top of the list, which they rightly should be, both are interleaved with all the other problems to some extent.  One factor that is greatly hindering any real progress in addressing these problems, is the assumption that all problems are a political problem which can be addressed with the techniques of political activism.  You see that with the global warming problem, where advocates are using the techniques of political activism, such as public education, spots on news stories to cultivate public opinion, countering any challenges in public debate, campaigning for political support and meeting with political leaders to garner their support. All fine and well, but as pointed out in item 6, Climate Change, the principle driving force of the problem is massive over population, and the political process has no real effective control over that.

And this highlights the real problem for millennials and the Z-generation, and that’s the poor education and problem solving skills of so may who are involved with the above list.  Failing to first identify the forces acting on a system shows a near complete lack of real problem solving skills, thus ensuring failure of any attempts to address problems.  And that’s really where the young of America stand today . . . a number of very serious problems which is detrimental to their generation . . . and no one able to really address any of those problems.

4 October 2018

See new posting below, “EFR PODCAST EP. #28: TARIFF WARS”

1) The British prime minister proclaimed that the British people should forget about a graceful exit from the European Union.

2) Amazon announced it is eliminating monthly bonuses and stock awards to help pay for the minimum wage raises previously announced.

3) Wage growth remains sluggish, which is somewhat of a mystery in a tight labor market.  This begs the question why wages are not growing as in any other supply-demand situations.

4) 3 OCT 18    Stock   market   closings:

Dow                           26,828.39     up    54.45
Nasdaq                        8,025.08     up    25.54
S&P 500                       2,925.51     up      2.08

10 Year Yield:     up   at    3.16%

Oil:     $76.22    up    from    $75.18




*image source: Shutterstock*

By: Economic & Finance Report

India has struck back on retaliatary tariffs on USA made products. They issued a petition to the WTO (World Trade Organization) on Thursday, June 14, 2018.

The tariffs are in retaliation of products the USA placed on aluminum and steel approx. a month or so ago.

India tariffs will be placed on certain USA, fruits, vegetables, motorcycle parts and steel/aluminum products. -SB

TENSEGRITY STRUCTURE: A Simple Stick and Thread Model of a Structure Formed Solely by Tensions Shows Millennials What They Must Have!!!!!!!!!!

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

A tensegrity structure is a structure held together solely by the tensions of connecting strings or cables, held erect without any physical connections of the structure members themselves. Only by the actions of tension can the structure exist. So you might ask, “So who cares about tension structures? What does that have to do with my problems as a millennial?” Well, the answer is— because a tension structure is an excellent model of how a modern government functions . . . what a modern government must have if it is to be effective in addressing the problems facing the people. The simple stick and thread model on the left side of the picture represents what the structure of a modern government must be in order to be functional.

Looking more closely at the left side we see the three sticks colored red, white and blue, standing erect without being directly connected to each other. There is about a half inch gap between each stick where they cross over in the center. Only the silver color threads connecting the sticks, are holding them together by being in tension with each other, thus defying gravity so they remain standing. It should be apparent by simple inspection, that if the strings are cut, the structure would collapsed, and looking at the bottom right of the picture, we see scissors posed to cut two of those threads. When those threads are snipped, the structure immediately, and without any further action, collapses into a heap, as seen on the upper right portion of the picture, no longer able to stand on its own.

So now the question is, which side of the picture represents our present government? Well, on the day of his retirement from Congress, Speaker Tip O’Neill stood on the steps of the Capital and warned about the new generation of politicians, what he called ‘sound biters’, who were very skilled at using the news media for their political careers … and very little else. Despite his warnings, over the years, the Congress has slowly filled up with those sound biters leaving a domestic government unable to address any problems what so ever, whose only method of solving problems is to try and ‘spin’ everything towards what their constituents want to hear. This has spread to the other organs of the governments where now the paid government employees address problems they are charged with by spinning … by using the proverbial ‘smoke and mirrors’ to create an image that problems are being solved.

The real consequences of the influx of these sound biters was the breaking of those tension members which held the government up, as the sound biters struggled to cope with problems which they’re so ill equipped to handle. In frustration, they sought to weaken and circumvent the tension members, the checks and balances of our government, thereby cutting the threads. Just like the model above, the structure of the modern government has collapsed to become completely ineffectual. Our wonderful government that, over two centuries, has done so many wondrous things to America is now the heap of sticks shown in the upper right portion of the above figure.

And all this at a time when millennials face increasing problems and troubles. Because of the job displacement by technology, coupled with increasing difficulties of keeping individuals in an advance technology society, the millennials very much need the governments (note plural) to be working the problems they face. They very much need functioning governments if they are to have any sort of a future at all. But with the lost of the balance from tensions required for a modern government to function, the youth of America are left with nothing to help them as their world slowly, but surely crumbles and they are left out.

Those strings of tension that hold a modern government upright and functioning, have been cut by the application of mass marketing and mass media technologies to our political system- the same exact technologies used to sell tampons, hemorrhoid salves, laxatives and toilet paper. So it should come as no surprise why we keep getting tampon presidents, hemorrhoid ointment vice-presidents, laxative senators and toilet paper congressmen. To restore the balance to our government, we need such things as a line item veto, term limiting and limiting outsiders from participating in other people’s elections. The Congress must regain control of the vast government bureaucracy of federal employees, if they are to govern domestic America as the Constitution intended. The vast amounts of monies now used in the political system must be limited, if the ‘sound biters’ that Tip O’Neill tried to warn us about, are to be driven out of Washington and our modern government restore to functionality.


The tensegrity structure is what every millennial must know to really understand how a modern government really works.



By: Economic & Finance Report

India’s financial industry is probably celebrating and if they are not, they should be. Moody’s the international crediting agency, recently upgraded India’s bond and credit ratings.

The last time India received an improved credit rating from Moody’s was in 2004, close to 14 years ago, the reasoning??? Well it’s because there has not been sufficient criterium met by Moody’s, that was pursued by past governments.

Moody upgraded India’s credit and bond ratings from positive outlook to stable, because of the economic and business reforms that have been instituted by Prime Minister Modi, and the progress that India has taken within the past decade; in regards to institutional reforms within the government. -SB


Recently we launched our new IG (Instagram) and Twitter accounts….

Receive the latest updated info, news, comments, features and regular feed B.S. or S.B., that is….No pun intended 🙂 -SB

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Yo-Yo’s of Life: The Threads Of Technology Displacement In My Latest Novel And How The Problems Of The Millenniums Are Rooted Decades In The Past.

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

I just finished my fourth fictional novel under my pen name R.K.O. Timoshenko (all available on amazon.com) that is set in the mid 1970’s, when the roots of technology displacement of people was becoming prevalent. There are three characters, Heather who is a liberal arts major having been through a very abusive marriage and acrimonious divorce. Her landlord John, who is an engineer in the Air Force returning to the university to study electronics and computers, intent on joining the exploding computer revolution. And finally, the third main character, the MITS Altair 8800, the world’s first personal computer two years before the famous Apple II and TRS-80.

As a psychology major, Heather is very much an alien, or one who so fails to advance technologically that they become aliens in their homeland. She and John are about as opposite as people can be, plus having faulty perceptions of each other from their senior year together in highschool. But years later, circumstances bring them together as tenant and landlord while both attend university. In discussing the problems for women and the woman’s liberation movement with her teacher Gloria, Heather complains that the movement is geared to the professional woman, the upper 5% of the American woman population. That the movement seems to look down on woman working as secretaries and typist, which then comprised about one third the jobs that woman worked at. She then poses the question of what will the woman’s

movement do if these computer boys should invent a machine that replaces the secretary/typist thus eliminating a third of the jobs for woman, not realizing she has accurately forecasted the future for so many woman. That in just a few more months, the first wordprocessor program for small computers would appear, and with the explosive growth of low cost personal computers, all those jobs would disappear in a decade. That in less than ten years, the US Department of Labor would announce they were drastically reducing their career forecast for secretary/typist because of the unforseen impact of new technologies – the word processor with low cost computers.

The computer boys had indeed replaced one third of the jobs for American women.

And as is so often the case, the ‘Gloria’s’ have no answers. But this is just one example of jobs being eliminate by low cost computers, for in the factories, robots where becoming more prevalent and so were also eliminating many of those good paying manufacturing jobs for the men. I recently saw a news article about a California manufacture of high end flashlights, the factory owner complaining that since he had to use two parts made in China, he couldn’t put “Made in America” on the label, which was the point of the news report. But they showed pictures of the factory, which employed about 300 people, and it was huge! It looked like about three aircraft hangers set end to end, and as far as you could see, there was line after line of green metal cabinets. Little industrial sheet metal houses … where the machine robots lives! There was only one or two humans walking the aisles and cross walkways. It’s a factory, like so many other American factories, where most of the 0employees0 are machines.

It’s been that way across the spectrum of both manufacturing and business in general, and this process continues today, changing the world and future for the millenniums because automation and technology displacement is now on the middle and upper income white collar workers. Since the economic crash in 2007, there has been numenius news reports of middle and upper level management in the six figures income, who have been laid off. Where once they could find new jobs in a few days to weeks, they have gone months, even years without a nibble. And in those reports, the people express confusion why they can’t find new jobs. This is the result of another artifact of technology displacement called “Organizational Innovation” as described in the new book “Race Against the Machine” 1 where advancements in communications and computers have allowed corporations to reorganize themselves to do the work with fewer skilled management people.

Automation and technology displacement is no longer some poor sod working down on the factory floor, for that’s now all done and past tense. It’s now the higher level, higher paid workers who are the targets of automation.

It was just by happenstance that the woman character Heather foretold what would happen to so many women, and how the woman’s movement, which she supported, would have little effect on improving the station of woman in American society simple because it did not recognize and address the growing problem of technology displacement for both men and woman. You can’t solve problems by ignoring major components of a problem.

In the book, computers are used to show the pronounced gulf between ‘Heather the alien’ and

‘John the technologist’, which is the bases for their conflict and incompatibility. They are going in different directions in life, with Heather trying to understand just what this incompatibility really is, while John is absorbed in understanding and enjoying the emerging digital electronics technology. But despite their fundamental differences, living close together intertwines their lives more and more, until slowly they become one as a married couple.

While this story is set in 1975-6, it continues unabated today for the millenniums as they struggle for a future of their own.

1) “Race Against the Machine”, Erik Brynjolfsson, Andrew McAfee, Digital Frontier Press, Lexington, Massachusetts, 2011, p56.