At least we have this. Tough one folks. I'm up in Ct now licking my wounds. Top Gainers 1D chg #1-GEO The GEO Group, Inc.38.86%
Listening to a lot of Quincy Jones today. The whole spectrum, soundtracks, albums, etc. Boy this cat was talented. truly a legend.
Dear Children. Papa is so upset. Papa cannot see straight. Papa does not know what he is going to do now. Papa has a dog or he would already be long gone. Papa is looking at boats. It will soon be time to go Pirate Radio again. Keep and eye out for RADIO SAVANT 2. We live of course in a service economy. Service and information jobs, rather than blue-collar ones, now dominate the economy. I read a very good article: Trump wants to rebuild US manufacturing, for instance, even though US manufacturing doesn’t need rebuilding. US industrial output is 63% greater than in 1990 and close to record highs. But manufacturing has declined as a portion of the overall economy as services have become a greater part. The manufacturing sector in 1947 accounted for 26% of GDP. Today it’s around 10%. Manufacturing employment has fallen as well, from a peak of 19.6 million workers in 1979 to about 12.9 million today. This is the way economies evolve. Old industries slide down the value-added chain while new industries replace them at the top. The services sector has grown from 47.8% of GDP in 1947 to 72% today and includes some 137 million jobs in healthcare; hospitality; finance; real estate; transportation; professional services like insurance, law, and accounting; and many other types of businesses. Many jobs involve technology and the cutting-edge skills of developers, systems analysts, and people adept at deploying artificial intelligence. The growing part of the economy is where jobs tend to pay the most and workers with the right skills get furthest ahead. Trump is focused on a declining part of the US economy that constitutes just 10% of GDP while ignoring most of the other 90%. Trump will have to persuade investors to start or expand businesses employing manual laborers when the real money is in more efficient, highly automated factories that help business owners offset the generally higher costs of operating in the United States. Nobody wants to own or invest in a business that’s less efficient and more labor-intensive than it needs to be. It’s hard to see how Trump will coax anybody to invest in a 50-year-old business model. The appeal of Trump’s MAGA pitch has a lot to do with education. Factory jobs once offered workers a decent living even if they had little education, and Trump wants people to think they can once again get ahead with a high school degree or less. But this assumes businesses will be willing to hire less-qualified workers and endure the lower productivity that comes with that. Not likely. whole art: https://finance.yahoo.com/news/comm...-a-place-that-no-longer-exists-215606673.html
I had some folks in UK look at a boat for me. And today I am going to New London Ct to see what I can dredge up./ My hopes and dreams for the future have been sucked out of me. This train wreck will be very tough to watch. I expect a full blown recession early in the next year. I'll try and clean up some trades. I think we will sell Rubrik today. And so on. BROS did well-- service economy--
Dynatrace raises FY25 non-GAAP EPS view to $1.31-$1.33 from $1.26-$1.29 » 07:19 DT This was supposed to be my second pickup with Big Pete but I never got it executed.