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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (6792)

2/23/2019 3:11:26 PM

From: the traveler

1 Recommendation

Recommended By
Kirk ©

Read Replies (1) | Respond to of 26744

LOL--Mencken is one of my favorites. I like this one a lot!

"The only guarantee of the Bill of Rights which continues to have any force and effect is the one prohibiting

quartering troops on citizens in time of peace. All the rest have been disposed of by judicial interpretation and

legislative whittling. Probably the worst thing that has happened in America in my time is the decay of

confidence in the courts. No one can be sure any more that in a given case they will uphold the plainest mandate

of the Constitution. On the contrary, everyone begins to be more or less convinced in advance that they won't.

Judges are chosen not because they know the Constitution and are in favor of it, but precisely because they

appear to be against it."

Minority Report: Notebooks (1956)

Henry Louis Mencken (1880-1956)

To: Kirk © who wrote (6792)	2/25/2019 8:40:35 AM
From: robert b furman	Read Replies (3) \| Respond to of 26744

Hi Kirk, I agree with this comment: The best explanation for this surprising development is that the S&P 500 companies are mostly buying back their shares to offset the dilution of their shares resulting from compensation paid in the form of stocks that vest over time, not just for top executives but also for many other employees. I have for many years believed that globalization' primary intent was to bust up the overzealous unions. Unions are now concentrated in government vs the private industry. Our advancement in robotics has neutralized the unions striking capabilities. China's historic growth was flawed in their hope/ belief thay could become the manufacturing center for the world. All of those new plants provided a flawed design of putting a lot of people to work and too build lower qaulity products that could simply be replaced and keep the work force employed. AI and robotics will now have advances that will keep excess capacity and its burdens, squarely on China's back. IMO Bob