Im having difficulty putting into words what it is I am currently thinking. Several years ago we wrote about the Apple IPad and the implication for sales of personal computers. The Ipad seemed to be what is called a disruptor but its impact on overall economic activity was and is minimal.
If there is going to be a serious economic decline, there is one main place to look in my opinion. That is Amazon. We all use Amazon. Its getting bigger and bigger and is run by an obvious genius. He is on the fast path to destroy "all" retail businesses which account for a large portion of our jobs and GDP.
Amazon is becoming so huge that it is on the road to becoming every manufacturers largest customer. The manufacturers, because of this phenomenon,have to do business with Amazon. Amazon in turn is putting pressure on the sellers of goods to provide products at a discounted price. This will eventually lead producers to cut back on their costs which will lead to job loss and deflation.
Amazon, which was already selling most anything you could want is now branching into auto parts, office supplies, groceries, television shows, fast food delivery, etc. Who knows where this will all lead. Unfortunately it appears from the weakness in the retail industry, not to a good place.
Point made!
If there is going to be a serious economic decline, there is one main place to look in my opinion. That is Amazon. We all use Amazon. Its getting bigger and bigger and is run by an obvious genius. He is on the fast path to destroy "all" retail businesses which account for a large portion of our jobs and GDP.
Amazon is becoming so huge that it is on the road to becoming every manufacturers largest customer. The manufacturers, because of this phenomenon,have to do business with Amazon. Amazon in turn is putting pressure on the sellers of goods to provide products at a discounted price. This will eventually lead producers to cut back on their costs which will lead to job loss and deflation.
Amazon, which was already selling most anything you could want is now branching into auto parts, office supplies, groceries, television shows, fast food delivery, etc. Who knows where this will all lead. Unfortunately it appears from the weakness in the retail industry, not to a good place.
Point made!
