I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Friday, June 24, 2016
Nearly Lost in the Brexit Shuffle: Our Durable Goods Falling Knife
In 1929, during a four-month strike against the streetcar company, the Martin brothers served their former colleagues free sandwiches. The Martins' restaurant workers jokingly referred to the strikers as "poor boys", and soon the sandwiches themselves took on the name.
When I was a kid, we'd walk 20 miles in the freezing snow to make capital goods investments to grow our businesses, and we liked it. These days, all the whiz kids want to do is buy department store chains and run them into the ground. Makes no cents!
Nothing to see here. Just the 8th annual recovery summer.
ReplyDeleteWho Struck John,
ReplyDeleteSummer of Uncle Sammiches!
We are all po' boys now! Sure to make a killing!
Po' boy
In 1929, during a four-month strike against the streetcar company, the Martin brothers served their former colleagues free sandwiches. The Martins' restaurant workers jokingly referred to the strikers as "poor boys", and soon the sandwiches themselves took on the name.
1929! What a year!
Falling durable goods orders are no match for the power of mortgage rates near record lows. Haha!
ReplyDeleteMr. Slippery,
ReplyDeleteWhen I was a kid, we'd walk 20 miles in the freezing snow to make capital goods investments to grow our businesses, and we liked it. These days, all the whiz kids want to do is buy department store chains and run them into the ground. Makes no cents!
Bah! Humbug! ;)
The Brexit consequences rumble on: now the parliamentary opposition is floundering.
ReplyDeletehttp://www.dailymail.co.uk/news/article-3660313/Jeremy-Corbyn-sacks-Hilary-Benn-Shadow-Cabinet-reports-coup.html
You'd have to have a heart of stone not to laugh.
Heart of creamy alfredo sauce here, lol. Sigh.
ReplyDelete