SitkaPacific Capital Management

Type: Company
Name: SitkaPacific Capital Management
First reported 14 hours ago - Updated 5 hours ago - 1 reports

Ukraine Overnight Interest Rates Soars to 17.5%; External Debt Cannot Be Paid Back; Ukraine Demands Rebels Surrender

It's crystal clear Ukraine has no interest in a ceasefire under any terms. Instead it demands rebels lay down weapons and for Russia to stop intervention. In short, Ukraine demands surrender. Thus death and destruction will continue, possibly long after ... [Published Mish's Global Economic Trend Analysis - 14 hours ago]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

Recovery Mirage in Spain Dissipates Into Ashes

The mirage in Spain pretending to be a recovery, has officially dissipated into wind-blown ashes.Spain's trade deficit doubled in the first half as imports soared. Spain is again dependent on foreign financing.Via translation from Libre Mercado, Spain ... [Published Mish's Global Economic Trend Analysis - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 19 2014 - 1 reports

Rising Robots: Is it Obvious Robots Cost Human Jobs? Looking for Someone to Blame?

Technology Review has an interesting infographic on the Rising Use of Robots, and which sectors show the biggest increase in use.I broke up the infographic into a series of smaller ones for purposes of discussion, adding red, blue, and purple colored ... [Published Mish's Global Economic Trend Analysis - Aug 18 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

Robot Successfully Hitchhikes Across Entire Length of Canada, Now On Way Back

Meet hitchBOT , a robot from Port Credit, Ontario. HitchBOT Help explains Everything you always wanted to know about hitchBOT, but were afraid to ask .HitchBot successfully hitchhiked from Halifax, Nova Scotia to Victoria, British Columbia, a distance ... [Published Mish's Global Economic Trend Analysis - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 18 2014 - 1 reports

What States are the Biggest Job Winners and Losers in the Recovery?

The Deloitte University Press has a very interesting, and comprehensive study on job gains and losses, by type of job, and state by state.The biggest winners are states involved in energy production, finance, or healthcare. The biggest losers are states ... [Published Mish's Global Economic Trend Analysis - Aug 18 2014]
First reported Aug 17 2014 - Updated Aug 17 2014 - 1 reports

Brain Drain and Capital Flight: 64% of Wealthy Chinese Plan to Leave China

Massive pollution, especially unbreathable air, lack of educational opportunities, food, safety, and corruption are some of the reasons behind a recent poll that shows a whopping 64% of wealthy Chinese plan to leave the country. The Wall Street Journal ... [Published Mish's Global Economic Trend Analysis - Aug 17 2014]
First reported Aug 16 2014 - Updated Aug 17 2014 - 1 reports

It's Different This Time: Humans Need Not Apply; Two Possible Solutions

On August 7, I wrote about "McCashier" Your $15.00 Per Hour McDonald's Worker Replacement .Sure. You can make $15 an hour at McDonald's, at least in Seattle. You just have to perform better than this machine. Many commented along the lines of " What's ... [Published Mish's Global Economic Trend Analysis - Aug 16 2014]
First reported Aug 16 2014 - Updated Aug 16 2014 - 1 reports

Rebels Inflict Heavy Damage on Ukrainian Military Vehicles

Contrary to the unsubstantiated rumor (most likely a blatant lie) that Ukraine destroyed a Russian convoy, the rebels have inflicted serious damage on the Ukrainian military machine. And unlike the zero-proof offered by Ukraine, I have a few videos to ... [Published Mish's Global Economic Trend Analysis - Aug 16 2014]
First reported Aug 15 2014 - Updated Aug 16 2014 - 1 reports

Ukraine President Claims Russia Invaded Ukraine, and Ukraine Destroyed Russian Military Convoy

Here's the unbelievable claim of the day: Ukraine Attacks Russian Military Convoy, Says President . Moscow’s stand-off with Kiev intensified dramatically on Friday night after the Ukrainian government said it had blown up a Russian military convoy inside ... [Published Mish's Global Economic Trend Analysis - Aug 15 2014]
First reported Aug 16 2014 - Updated Aug 16 2014 - 1 reports

Let's Play "Telephone"!

Anyone recall the campfire game Telephone ?In the game of Telephone, someone, typically sitting around the campfire, whispers a phrase to the next person who in turn whispers the phrase to the next person until the message is passed to the final person ... [Published Mish's Global Economic Trend Analysis - Aug 16 2014]
First reported Aug 15 2014 - Updated Aug 16 2014 - 1 reports

France Finance Minister "I Refuse to Raise Taxes to Close any Budget Gaps"; "Rethinking" the USA

Not only is support for sanctions in Europe crumbling, so is support for alleged austerity. I say alleged because there really hasn't been any austerity. France Rebels Against Austerity Please consider France Rebels Against Austerity as Europe's ... [Published Mish's Global Economic Trend Analysis - Aug 15 2014]
First reported Aug 15 2014 - Updated Aug 15 2014 - 1 reports

Finland President Heads to Russia to Meet Putin; Phone Rings in Switzerland Over Cheese

In a welcome development (except for warmongers and sanction lovers) Kremlin news reports President of Finland to Visit Russia on a Working Visit .The Heads of State will discuss the state and prospects of bilateral cooperation between Russia and Finland. ... [Published Mish's Global Economic Trend Analysis - Aug 15 2014]
Entities: Russia, Switzerland, Finland

Quotes

...They are generally easy to read, and cover related topics in depth. Conclusion Tamny did not write " Idiot's Guide to Austrian Economics ", rather, he wrote a guide guaranteed to make you an AE idiot, assuming you believed much of what he wrote.Mike "Mish" Shedlockhttp://globaleconomicanalysis.blogspot.comMike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction."
...5% yoy. Imports, meanwhile, rose 5.3%. "Spain is still in debt," says economist Juan Ramón Rallo. "That 6 million unemployed can only increase imports, not domestic production illustrates our problems" he warns. In the same vein, economist Javier Santacruz adds that the most worrying of these data is that we are not competitive (exports stagnate), but...
...Point - Counterpoint A comment to the infographic by Cathal Haughian caught my eye. Haughian commented " Those countries that have high minimum wages automate first. I had a tour of Mc Donald's newest Chicken factory, in China, this year. It employed a third of the workforce of a similar plant in the US. It's fully automated. Slaughters 5 million chickens per day. Robots the size of a two story house. Amazing. The Robot revolution will break the back of our economic system by 2020, I'd bet. "Technology Review editor replied " No it's actually more ambiguous than that, obviously: sometimes robots create entirely new jobs in new industries; sometimes they allow reallocation of labor to more productive uses; sometimes they sustain industries that would otherwise disappear. The truth is that no one knows whether we are witnessing a long-term restructuring of employment (in the sense that "full employment" may be a lower percentage of the population in industrialized nations) - and anyone who tells you otherwise is an ideologue on one side or another of this debate. "I side with the editor. Over the long haul, technology creates jobs. The problem being "over the long haul". Why Robots? It's obvious robots increase productivity.But that is not the only force in play. The Fed (central banks in general) have cheapened the cost of money so much that some of the increase in use of robots is due entirely to cheap money.Moreover, the push for rising minimum wages has done the same. Set the minimum wage at $20 per hour, and I bet you see far more robots, in far more places than you do today. Looking for Someone to Blame? Technology improvements are an inherently good thing. They lower prices, increase standards of living, and give us more free time.  Yet, if robot usage is artificially high thereby costing human jobs (and it likely is), blame the Fed for poor economic policy and blame Congress for poor fiscal policy. Don't blame the robots or the companies that use them. Different This Time? Some claim it's different this time, that robots are going to take your job no matter what it is.Is it that simple? For a robust discussion from multiple angles, including a couple of solutions, one of them grim, please see It's Different This Time: Humans Need Not Apply; Two Possible Solutions .Mike "Mish" Shedlockhttp://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction."
...told the local Modern Times newspaper that each robot costs around 40,000 yuan ($6,500) — roughly equal to the annual salary of a human employee. "The robots can understand 40 everyday sentences. They can't get sick or ask for vacation. After charging up for two hours they can work for five hours" he added. Robot Waiters

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Idiot's Guide to Austrian Economics [Published Mish's Global Economic Trend Analysis - 12 hours ago]
Ukraine Overnight Interest Rates Soars to 17.5%... [Published Mish's Global Economic Trend Analysis - 14 hours ago]
Recovery Mirage in Spain Dissipates Into Ashes [Published Mish's Global Economic Trend Analysis - Aug 19 2014]
Robot Successfully Hitchhikes Across Entire Len... [Published Mish's Global Economic Trend Analysis - Aug 19 2014]
Rising Robots: Is it Obvious Robots Cost Human ... [Published Mish's Global Economic Trend Analysis - Aug 18 2014]
What States are the Biggest Job Winners and Los... [Published Mish's Global Economic Trend Analysis - Aug 18 2014]
Brain Drain and Capital Flight: 64% of Wealthy ... [Published Mish's Global Economic Trend Analysis - Aug 17 2014]
It's Different This Time: Humans Need Not Apply... [Published Mish's Global Economic Trend Analysis - Aug 16 2014]
Rebels Inflict Heavy Damage on Ukrainian Milita... [Published Mish's Global Economic Trend Analysis - Aug 16 2014]
Let's Play "Telephone"! [Published Mish's Global Economic Trend Analysis - Aug 16 2014]
Ukraine President Claims Russia Invaded Ukraine... [Published Mish's Global Economic Trend Analysis - Aug 15 2014]
France Finance Minister "I Refuse to Raise Taxe... [Published Mish's Global Economic Trend Analysis - Aug 15 2014]
Finland President Heads to Russia to Meet Putin... [Published Mish's Global Economic Trend Analysis - Aug 15 2014]
Rule of Small Prices; European Sanction Solidar... [Published Mish's Global Economic Trend Analysis - Aug 14 2014]
German Economy Contracts, France Stagnates, Ita... [Published Mish's Global Economic Trend Analysis - Aug 14 2014]
Capital Flight From China, One Person at a Time... [Published Mish's Global Economic Trend Analysis - Aug 13 2014]
Multi-Pronged Attack on Donetsk Rebels Likely W... [Published Mish's Global Economic Trend Analysis - Aug 13 2014]
New Yuan Loans and Shadow Banking Collapse in C... [Published Mish's Global Economic Trend Analysis - Aug 13 2014]
Japan GDP Plunges 6.8%, Consumption Down 19.2%,... [Published Mish's Global Economic Trend Analysis - Aug 13 2014]
First-Time Home Buyer Dilemma: Overpay or Be Sh... [Published Mish's Global Economic Trend Analysis - Aug 12 2014]
800 Finnish Dairy Workers Furloughed Due to Rus... [Published Mish's Global Economic Trend Analysis - Aug 12 2014]
Alarming Failure of French Economy; Expect Seri... [Published Mish's Global Economic Trend Analysis - Aug 11 2014]
US to Supply Kurds with Russian Arms via CIA [Published Mish's Global Economic Trend Analysis - Aug 11 2014]
US Produces Evidence Rebels Shot Down MH17 [Published Mish's Global Economic Trend Analysis - Aug 11 2014]
Obama Calls Iraq "Long Term Project"; US Bombs ... [Published Mish's Global Economic Trend Analysis - Aug 10 2014]
Weekend Entertainment: Dr. Strangelove vs. Mari... [Published Mish's Global Economic Trend Analysis - Aug 10 2014]
Scathing Anti-West Editorial in German Handelsb... [Published Mish's Global Economic Trend Analysis - Aug 09 2014]
"Small Price to Pay" [Published Mish's Global Economic Trend Analysis - Aug 08 2014]
Ukraine Threatens to Block Gas to Europe; Bluff... [Published Mish's Global Economic Trend Analysis - Aug 08 2014]
Fed Study Finds 2 million in "Forced Retirement... [Published Mish's Global Economic Trend Analysis - Aug 08 2014]
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Idiot's Guide to Austrian Economics [Published Mish's Global Economic Trend Analysis - 12 hours ago]
Congratulations go to Forbes columnist John Tamny and editor of Real Clear Markets for producing the " Idiot's Guide to Austrian Economics '. Ironically, that is not exactly what Tamny set out to do. The actual title of Tamny's article is " The Closing ...
Ukraine Overnight Interest Rates Soars to 17.5%... [Published Mish's Global Economic Trend Analysis - 14 hours ago]
It's crystal clear Ukraine has no interest in a ceasefire under any terms. Instead it demands rebels lay down weapons and for Russia to stop intervention. In short, Ukraine demands surrender. Thus death and destruction will continue, possibly long after ...
Recovery Mirage in Spain Dissipates Into Ashes [Published Mish's Global Economic Trend Analysis - Aug 19 2014]
The mirage in Spain pretending to be a recovery, has officially dissipated into wind-blown ashes.Spain's trade deficit doubled in the first half as imports soared. Spain is again dependent on foreign financing.Via translation from Libre Mercado, Spain ...
Robot Successfully Hitchhikes Across Entire Len... [Published Mish's Global Economic Trend Analysis - Aug 19 2014]
Meet hitchBOT , a robot from Port Credit, Ontario. HitchBOT Help explains Everything you always wanted to know about hitchBOT, but were afraid to ask .HitchBot successfully hitchhiked from Halifax, Nova Scotia to Victoria, British Columbia, a distance ...
Rising Robots: Is it Obvious Robots Cost Human ... [Published Mish's Global Economic Trend Analysis - Aug 18 2014]
Technology Review has an interesting infographic on the Rising Use of Robots, and which sectors show the biggest increase in use.I broke up the infographic into a series of smaller ones for purposes of discussion, adding red, blue, and purple colored ...
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