Business
Get signed up for our FREE Weekly Newsletter where I go deep on systems trading, market regimes, crypto, macro, equities, currencies and futures https://www.pollinatetrading.com/subscribe Follow me @ChrisDMacro on Twitter ***DISCLAIMER: Everything I talk about here is for informational and educational purposes, this is not a recommendation to buy or sell any security.*** Today we spoke with Geff Tudisco https://www.twitter.com/geofftudisco we cover: GME What caused it all to unfold? Did Robinhood react maliciously? What will the ripple effect be? Employment Today, CoStar reported that Kroger currently employs 19,000 workers in AZ through Fry’s, Smith’s and three manufacturing and distribution centers, and that they plan to build a new $89m warehouse in SW PHX that uses robots w/ AI to fulfill online orders. “Automated fulfillment centers can help grocers increase productivity and lower costs, and now, can also help with social distancing by reducing the amount of human workers who could be susceptible to catching or transmitting the virus." What is to be done about the displaced workers? There is a labor shortage in trade skills, and an oversupply of liberal arts degrees What are the consequences of a sustained large population of unemployed, able-bodied, working age males An aging population the senior middle market is vastly undeserved Migratory patterns Walkable suburban town center developments Labor shortages, but it is a difficult job Opportunities: Rejuvenate the Black Belt and the Rust Belt through an infrastructure upgrade and economic incentives Create (mandatory?) civic service programs that get city dwellers to national parks to rebuild infrastructure Provide investor education to help consumers avoid committing financial suicide Develop a national wellness program that rewards citizens for maintaining good nutrition, fitness standards and mental health to reduce long-term health care costs and have quality of life until the very end --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app