Locator: 48063B.
Never had it so good: link here.
Byline: Watsonville — link here.
Carry that weight: link here.
Carry that weight: link here.
Saturday, July 6, 2024
Article Of The Day -- Barron's Reflects On The Future Of The Magnficent Seven -- July 6, 2024
Locator: 48062TECH.
Updates
July 7, 2024: in the original post below, I note the "double-moat." Someone is reading the blog. Story today about the "human resources" moat, link here.
Original Post
It's an interesting "opinion" but that's about all.
The example that the author uses are industries that had been around one hundred years: autos and railroads.
The two paragraphs that caught my attention and seemed to undermine the author's argument the most:
It's an interesting essay, but in the end:
- it's fluff,
- not actionable, and,
- provides no "what's next."
Considering the double-moated magnificent seven, it seems it will require something extraordinary to change the trajectories of the "Mag 7" over the next twenty years.
The double-moat:
- resources (market cap, cash hoard, the best and the brightest work force)
- technology (it's one thing to build a '57 Chevy; it's quite another thing to build a 3D-stacked 2-nm chip)
Most of the dot-com companies that imploded had neither -- neither cash nor technology. Most dot-com companies were webpages. Once the dot-com webpages started to fail, they took the entire internet-associated tech companies down with them.
By the way, if I can find it again, someone else in social media has made a similar observation. I'll see if I can find it. No, it looks like I can't; lost forever.
Unemployment -- Another Look -- July 8, 2024
Locator: 48061JOBS.
From earlier this week:
Original Post
Tag: jobs. unemployment.
Unemployment: Table A-15:
Where the jobs are: federal government and local government jobs. Service jobs plateauing somewhat after a big run.
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Some Follow-Up / Perspective
Posted July 8, 2024
Analysts, talking heads after the report came out:
- the country adds more jobs -- in fact, the number of jobs added slightly -- very slightly -- exceeded expectations. Analysts were generally pleased with the report. But these same analysts failed to adequately explain why the unemployment rate increased except to suggest it was because more folks were entering the job market.
No one mentioned the jobs being taken by "southern surge" immigrants. Perhaps the latter has nothing do with this discussion but I find that difficult to believe, and for me, some dots can be connected.
Some links:
- disinflation: definition , how it works; relationship with "deflation." Link to Investopedia.
- unemployment, job seekers per job opening, etc: link to epi.org/newsroom.
More:
- the most recent jobs report -- the June, 2024, report, sent a clear message to the Federal Reserve;
- if the analysis is accurate -- this does not bode well for the economy -- if the Fed does cut once or even twice, it will be huge for Wall Street but not Main Street -- consumers, manufacturers, etc, simply cannot react that quickly to a rate cut -- but Wall Street certainly can.