The news is a parade of terrible economic headlines. Amazon, UPS, General Motors, and Paramount are executing massive layoffs. The President's attempts to stem the tide feel like trying to stop a tidal wave with a teacup named Tariff. Meanwhile, companies are aggressively investing capital in AI and automation , effectively giving human labor its two weeks’ notice, "Don't let the door hit ya in the butt on the way out". Here’s the dark joke: The Market is rewarding this. Companies that slash and burn see their stocks surge. It’s capitalism at its most ruthless, functioning on the principle that if you fire enough people, you can afford a yacht. Look for example at the Chart's on UPS. I'm not a Chart Investor by any means, I think you're better off watching the Morning News on ABC than looking at Charts for some guidance. It makes my blood boil, especially when I look around and see a pervasive, almost cancerous self-centeredness in consumer behavior. The...
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