Oracle is adding another 5,000 engineers, consultants, sales and support people to the cloud complement of thousands it already has. There is going to be a big wave of work coming…and it is coming soon.
Check out the summary of today’s PeopleSoft market from Patrick Donlin, President of Sales/CEO at Heartland IT Consulting at the PeopleSoft Re-Connect conference hosted by Quest international users group.
The event was on July 17-20 in Rosemont Illinois.
There will be rumblings, guesses, and prognostications what an interest rate increase will mean for you, your company and the country over the next few weeks. For some, this will be a good thing (your bank deposit may actually earn enough interest to pay your monthly bank fees, or your purchases from the USA just got cheaper). For some, it will be bad. That new house you were going to buy just went out of reach because you can’t afford the payments now. Others won’t be affected at all because the market they sell to (and buy from) is local so the exchange is inconsequential (farmers market?).
It will be interesting to watch the papers, magazines, and TV to see if media think this is a good thing or not?
By the way, when one writer mentioned that ‘Canadian households and companies are piling up debt faster than any other developed nation in the world, adding $1 trillion since 2011. A dubious honor, to be sure.’ I wonder if he really understood what he was saying? Did he consider that Canada was the best-performing economy of the G7 over the last several years? Does he know HOW we did it?…we financed it. Yes, now is time to pay the piper but at least we are not bankrupt and homeless while we do it.
Oracle is back on a growth track again. Please read the analyst’s comments from the company’s quarterly earnings call. Revenue is up…this is a very good thing.
Australians are buying more new cars than ever before….that’s good but wages have not gone up and savings are disappearing. If you don’t think this is important, just remember that Ford was number 4 in 2016.
Supply is affected by two dimensions….investment in capital and labour…this is first year economics. The cost of capital is interest (lending rates). When we invest in capital or labor we increase supply. The balance is between adding capital (long term, it will take months to order/build a new machine) and labor (short term, I can hire another guy next week) vs what I can sell my widgets for. Here enters two more dimensions…efficiency and time. We have tweaked our existing capital to get maximum output and have now hit the wall using all the labour in the market. One of two scenarios are going to play out now. 1) Investment in new capital (because interest rates are so low) but few assets are available so the few go to the highest bidder (prices will go up/ inflation) or 2) there will be more jobs than potential employees so we will see rising wages / signing bonuses and foreign workers competing for jobs.
The opportunity for government to invest in infrastructure (crumbling bridges, roads and ancient subways) at historic low interest rates for the last decade will soon be gone.
Here comes the prophecy…take heart, wages will soon be going up.
Lithium is the key ingredient to batteries today. Its extraction, refinement, and entry into the supply chain is wonderful example of economics 101 with three countries holding half the world’s deposits. This is a fascinating story on multiple levels.
It is no easy feat to get a work visa either in Canada or the USA and with the opening up and re-negotiating of NAFTA, uncertainty abounds. Here is the short list of all the goods and services that will likely change with the new trade agreement.
HAN SOLO, a hero from the Star Wars movies, has a habit of saying, at tense moments, “I have a bad feeling about this.” Many commentators are echoing this sentiment after a recent fall in the Volatility Index, or Vix, below ten. Their fears deepened on May 17th, when the Vix lurched above 15 and American stock markets had their worst day in eight months. Incessant turmoil in the White House at last seemed to take its toll.