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
- Sweetch Energy to optimize its unique zero-carbon electricity generation technology using turnkey process control platform from Rockwell Automation • PR Newswire (US) • 05/14/2024 09:51:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 05:13:28 PM
- U.S. Index Futures Mixed in Pre-Market Tuesday, Oil Dip • IH Market News • 05/07/2024 11:47:40 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 11:07:20 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 11:02:02 AM
- Rockwell Automation Reports Second Quarter 2024 Results; Updates Fiscal 2024 Guidance • Business Wire • 05/07/2024 11:00:00 AM
- Fiix by Rockwell Automation Announces Industry-Leading GenAI Prescriptive Work Orders • PR Newswire (US) • 05/02/2024 08:15:00 AM
- Rockwell Automation Expanding Presence in India with New Manufacturing Facility • Business Wire • 04/30/2024 10:00:00 AM
- Rockwell Automation to Present at Oppenheimer’s 19th Annual Industrial Growth Conference • Business Wire • 04/26/2024 11:00:00 AM
- Rockwell Automation to Report Second Quarter Fiscal 2024 Results • Business Wire • 04/23/2024 11:00:00 AM
- Rockwell Automation Launches New Centralized Motor Control Solutions at Hannover Messe 2024 • PR Newswire (US) • 04/22/2024 07:00:00 AM
- Rockwell Automation and Microsoft announce significant technology integrations connecting the physical and digital industrial worlds at Hannover Messe 2024 • PR Newswire (US) • 04/22/2024 04:00:00 AM
- Rockwell Automation and its PartnerNetwork™ Ecosystem Present Artificial Intelligence, Autonomous Operations, 5G and Cybersecurity in Driving Digital Transformation at Hannover Messe 2024 • PR Newswire (US) • 04/18/2024 05:00:00 AM
- Rockwell Automation Declares Quarterly Dividend at $1.25 Per Share on Common Stock • Business Wire • 04/10/2024 12:02:00 AM
- Swedish packaging maker upgrades assembly line human-machine interface for maximum versatility and configurability • PR Newswire (US) • 04/03/2024 05:00:00 AM
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- New Study Finds GenAI as Top Tech Investment for Manufacturers, While 94% Expect to Maintain or Expand Their Workforce • Business Wire • 03/26/2024 11:00:00 AM
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- New State of Smart Manufacturing Study Shows UK Leading the AI and Machine Learning Charge for Enhanced Productivity • PR Newswire (US) • 03/26/2024 11:00:00 AM
- Une étude révèle que les fabricants investissent en priorité dans l’Intelligence artificielle générative (IAg), tandis que 94 % d’entre eux prévoient de maintenir ou d’augmenter leurs effectifs • Business Wire • 03/26/2024 11:00:00 AM
- New State of Smart Manufacturing Study shows that companies in the Kingdom of Saudi Arabia and the United Arab Emirates are enhancing data-driven productivity and sustainability with artificial intelligence • PR Newswire (US) • 03/26/2024 11:00:00 AM
- Neue Studie: Generative KI als wichtigste Technologieinvestition für Hersteller; 94 % erwarten gleichbleibende oder höhere Mitarbeiterzahl • Business Wire • 03/26/2024 11:00:00 AM
- Rockwell Automation Names Stephen Ford Chief Information Security Officer • PR Newswire (US) • 03/21/2024 06:00:00 AM
- Rockwell Automation to Increase Scale and Scope of AI in Manufacturing with NVIDIA • PR Newswire (US) • 03/19/2024 02:00:00 PM
- Rockwell Automation to Present at BofA Global Industrials Conference • Business Wire • 03/19/2024 11:00:00 AM
FEATURED POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • May 14, 2024 10:09 AM
FEATURED Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero • May 14, 2024 7:00 AM
VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • VAYK • May 14, 2024 9:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM