18 years ago, the Eastman Kodak company sold 85% of all photo paper on the planet and employed 86,200 people, 46,300 of them in the US. By 2015, they employed 6,500 people and surrendered what was left of the photo paper business so they could emerge from bankruptcy. You may recall digital cameras were invented …
Tag: economics
Surprise! The Economy Is Looking Pretty Good Right Now
My Comments: Is it OK to be cynical from time to time? I hope so. The primary message that came out of the Trump campaign for the White House was that no one in Washington gave a damn about the working poor of America. That a large group of Americans had been left behind and …
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Last seen in 1929, in 2000, and 2008
Stocks have only been this expensive during the crash of 1929, the tech bubble of 2000, and the last financial crisis in 2008-09 My Comments: Economics 101 teaches us that owning shares of a stock means you own a piece of the company that issued the shares. It’s value on any given day is what …
The Alienation Of America’s Best Doctors
My Comments: For those of us in our mid 70’s, access to competent medical help is critical to our peace of mind. Here in Gainesville, we take it for granted, provided you have the ability to pay for it. As an aging member of American society, I hope there is no disruption of the existing …
An Open Letter to Generalissimo Trump
My Comments: Radicals are usually thought of as being on the left end of the political spectrum. You know, people like Castro in Cuba or Chavez in Venezuela. The term 'radical' almost never comes to mind when looking at the right end. Except maybe the Taliban or now ISIS wreaking havoc in the middle east. …
A Looming Time Bomb May Soon Hit The US Economy
My Comments: I’m getting sick and tired of all the potential bad news that keeps appearing. The only remedy I have is to somehow anticipate what might happen and position myself and my clients to benefit instead of getting hammered into oblivion. 50 years ago, before IRAs and401(k)s were invented, the primary mechanism to provide …
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There are two Donald Trumps and two very different market outcomes
My Comments: These could be described as exciting times. Personally, I’d prefer a little less excitement. Patti Domm talks about comments made by a Bob Doll. Many years ago I met Bob when he was a senior player with a well known mutual fund company. He impressed me then and does today. You don’t reach …
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A Better Economy Under Trump Seems Unlikely
My Comments: I want our economy to improve. It needs to improve. There are problems that are an existential threat to the continued welfare and wellbeing of my children and grandchildren. Some of these threats result from the natural evolution of societies across the planet, things like demographics, the improving longevity of our species, and …
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Emerging Markets Are In Jeopardy
My Comments: Why, you might ask, is this relevant? Here is my answer: If you are retired, or making plans to retire, it could greatly influence the amount of money you have to spend and live on during the next decade. And with Trump promising to cede economic leadership to China by killing the TransPacific …
It’s the Economic Inequality, Stupid! The Gaping Wound That Led to Trump’s Win
My Comments: I’ve been talking for several years about income inequality and how it must be reversed if our children and grandchildren are going to avoid rioting in the streets and economic chaos. Recently we’ve seen Occupy Wall Street and Black Lives Matter and now Trump protesters rioting in the streets. The waiting has ended; …
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