The Irish banking calamity deserves an entire chapter in textbooks on economic history. Ireland is a tiny country (4 million people) where the entire banking system consisted of just 4 or 5 huge banks. Each bank was run by ego-maniacal chaps who mostly got their positions from family/political connections. The entire country, including government banking regulators, became swept up in a real estate bubble. There were virtually no naysayers. Students need to understand the risks from situations like that.
By contrast, the U.S. banking system and economy were diverse. But it's shameful that so many of our largest banks--but not Wells Fargo-- stumbled the worst. I had a big chunk of inherited Bank of America stock, a company that survives only due to government bailout and Uncle Warren's money and prestige.
Good thing that many of our second tier bank corporations were soundly run.
I'm prejudiced against several sectors: Banking always seems to be boom and bust. I don't love tech. I know retailing well, but I only have Walgreens there.
I've never liked restaurant stocks. But recently I did a survey of publicly owned restaurant stocks and was flabbergasted to see how well most of them have done lately. Worrisome to me that both Dunkin' and Krispy Kreme are soundly beating the market! Only MCD seems to be lagging, which is nutty.
Recent ROK News
- Rockwell Automation Revolutionizes Safety with Launch of Logix SIS • PR Newswire (US) • 09/10/2024 11:00:00 AM
- Rockwell Automation Revolutionizes Safety with Launch of Logix SIS • PR Newswire (US) • 09/10/2024 05:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/09/2024 09:39:25 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 09:08:58 PM
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- Rockwell Automation to Present at Morgan Stanley Laguna Conference • Business Wire • 08/29/2024 11:00:00 AM
- Rockwell Automation Names Emmanuel Guilhamon New Vice President of Sustainability • PR Newswire (US) • 08/27/2024 06:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 10:19:10 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 10:42:21 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 10:40:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 04:29:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 11:01:50 AM
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- Rockwell Automation to Report Third Quarter Fiscal 2024 Results • Business Wire • 07/24/2024 11:00:00 AM
- Rockwell Automation Announces New Chief Financial Officer Christian Rothe to join the company on 19 August 2024. • PR Newswire (US) • 07/24/2024 05:00:00 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:13:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 11:16:00 AM
- Rockwell Automation Announces New Chief Financial Officer • Business Wire • 07/17/2024 11:10:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
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HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM