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alstry (< 20)

MILLIONS of Finance Jobs To Be Cut



November 16, 2011 – Comments (2) Digital Banking and Digital Money replaces traditional brick and mortar business models.  The same will happen to Insurance as well.  It will be very similar to how NetFlix destroyed the brick and mortar movie rental business.   Add in IBM's Watson.....and we will enter into a whole new world of functioning. 

Why do you think Buffett put so much into IBM recently?

Finance Job Losses Near 200K as Firms Cut Back

You can't escape Zombulation as technology and delveraging are moving very quickly now rapidly changing the world as we know it.....

Welcome to the

2 Comments – Post Your Own

#1) On November 16, 2011 at 11:16 PM, alstry (< 20) wrote:

IBM's talking/thinking computer called WATSON will be the most convulsive technology to human functioning since the tractor replaced the horse and plow......

IT Professionals Predict Watson Technology to Transform Education Industry

If you are not on this trend are too late, because your job is probably next as Watson can easily replace over 50% of the current need for workers.

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#2) On November 17, 2011 at 6:57 PM, awallejr (33.35) wrote:

Ok I will bite.  It has been awhile since I read one of your blogs.  Millions of finance jobs?  Your credibility keeps lacking when you make these exaggerations. 

And as a fyi Buffett also invested BILLIONS (with a B) in BAC.  And when the tractor replaced the horse and plow, that created new jobs making that tractor along with supplychain jobs.  This is the nature of evolution.

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