• Mile High View

    Where Have the Jobs Gone?

    The common belief is US jobs are going overseas where labor is cheaper and restrictions are more lenient. Is this really the case? Based on Robert Lawrence and Martin Bailey’s study in 2006, only 10-percent of the jobs lost were exported. The other 90-percent were lost because of increased productivity and demand. What does this mean for US workers? It means education is even more important. As technology continues to increase machine driven production, more blue-collar jobs will continue to disappear. Their disappearance has caused the demand for continuing education to skyrocket. Just two generations ago, one out of every five people in the US went to college. Today 65…

  • Current Events,  Mile High View

    What Does Disruptive Technology Mean For an Investor?

    Disruptive technology shakes up the norm. It unexpectedly displaces an established technology and forces the standard man outside of his comfort zone. Often arising during financial crises, disruptive technology sprouts new inventions and increases efficiency. Often in the midst of this chaos wild predictions are made about the future. On March 22, 1876, the New York Times made this prediction: “Thus the telephone, by bringing music and ministers into every home, will empty the concert-halls and the churches.” For an investor, disruptive technology has the following important implications – big opportunities and accompanied with the need for intelligent deduction. The catch is, traditional Blue Chip companies usually make incremental changes rather…

  • Adams Financial Concepts,  Mile High View

    Two Qualities of a Successful Business

    What sets businesses apart? Why do some succeed and some fail, especially during economic down turns? As an investor, these are extremely important questions. Understanding them is the key to making decisions about where and how to invest. To answer these questions, I’ve been doing a series on About Money. Each week I’ve been joined by a different CEO or President from a company which survived the Great Recession and is now flourishing. I believe all of these companies demonstrate qualities which distinguish them from their competitors: People – These companies recognize the value of their own staff and customers. Putting people first ensures consistently great service is provided. Inventive – These…

  • Mile High View

    The Third Super Cycle Is Now

    History doesn’t repeat itself, but it does rhyme. With each recession and depression one thing is certain, crisis breeds profound change. As an investor, this is important because change means opportunity. Are we about to dip into another recession? I don’t believe so. Disruptive technology is creating a new wave of economic growth. The Standard Charter Bank identified two economic Super Cycles [times during which the world’s Gross Domestic Product (GDP) grew faster than the average]. They said the first two were: 1870 – 1913 (driven by the United States’ industrialization) 1945 – 1970 (driven by the rebuilding of Europe) They have identified a third Super Cycle, and we are…

  • Current Events,  Mile High View

    Technology Transforms Medical Research

    Have you ever gotten a particularly nasty infection? The kind of infection which won’t go away until your doctor prescribes antibiotics? I have. It’s magical what those little pills can do. Yet in 1918 when WWI was ending, there weren’t any magical cures for disease. The Spanish Flu took the lives of an estimated 50 to 100 million people. It often killed within 48 hours of its victim’s first cough, filling their lungs with fluid. The epidemic triggered years of unfruitful research. Scientists in small labs around Europe worked with samples of the Spanish Flu virus. However, it was in Scotland where Alexander Fleming had a break through. In 1928, Fleming took…

  • Mile High View

    Surf Fosters Disruptive Technology

    Disruptive technology. It’s one of those buzz terms thrown around constantly. If you have listened to my show, About Money, or read other posts on my blog, you’ve definitely heard the term. Get ready to hear more about it. Why? Because it’s important. Because as a smart investor you need to be aware of what disruptive technology is and how it affects business. Because disruptive technology means buying stocks and sticking them in a drawer is not a reliable investment option. Change is happening too fast. What is disruptive technology? It’s when a new product or service displaces the status quo and creates a new market and value network. “Innovative” is…

  • Current Events,  Mile High View

    Smart Investing (Within Every Economic Problem, There’s Potential Wealth)

    Did the Great Recession make you weary of real estate investments? Or, were you among those who benefited from short sales and foreclosures? Nearly all of us were hit by the economic fallout. While this might make us shy away from investing, it’s important to remember every economic problem creates the potential for economic gain. Making smart decisions as we move forward requires a firm grasp on where we’ve been. Many historical factors can help intelligently influence our understanding of current and future markets. Here are a few things to understand about the housing market: Collateralized Mortgage Obligations In 1983, Gordon Taylor and Dexter Senft from Saloman Brothers developed the…

  • Current Events,  Mile High View

    Sixteen Tons

    You load sixteen tons, what do you get Another day older and deeper in debt O’ Saint Peter don’t you call me yet I owe my soul to the company store – Sixteen Tons, by Ford Tennessee Ernie I remember when Tennessee Ernie Ford sang Sixteen Tons. It described working conditions 100 years ago and the control a company had over its employees. Men worked for the same company their entire life. The company provided housing. People bought everything from groceries to clothes on credit at the company store. On payday, the company took what it was owed straight from their paycheck. I imagine this kind of life was a lot less…

  • Current Events,  Mile High View

    Relevant Jobs in a Technology-Driven Market

    How relevant are you? In today’s market, technology and productivity are turning routine jobs into machine automated ones. When I graduated from high school, you could always work in a factory or as a ditch digger if you didn’t go to college. Now, many jobs with a reproducible input-output are being replaced by computers. You might expect only manual labor jobs to be eliminated by technology, but every industry faces the same push for productivity. For example, lawyers face the same “relevancy” test. In 1978, a case study examined six million documents. It required an army of lawyers and paralegals, which cost more than $2.2 million. In January of 2011, Blackstone…

  • Mile High View

    Productivity Eliminates Jobs

    “All of our jobs are going to China.” “Everything is made in Taiwan.” “Nothing is manufactured in the United States anymore.” I hear those sayings a lot. Don’t you? I want to set the record straight. Since 1979, the United States has lost over 8 million manufacturing jobs. It may seem like those jobs are going overseas, but it doesn’t quite work that way. Yes, some manufacturing jobs are going overseas. But not as many as you would think. In 2007, just before the Great Recession, the United States produced more manufactured goods than ever before. We produced more goods than any other country. In fact, we produced just over…