Friday, June 22, 2018

GEE

In the general scheme of things, in your daily life, it doesn't mean much, but it bothers me.  GE is being dropped from the Dow Jones Industrial Average this week.  Replacement:  Walgreen's.  The reason GE is going-- its stock price has been diving in recent years.

I grew up in a time when GE was hot stuff.  It was in to everything-- lighting, locomotives, power generation, electronics, television and radio stations.  The same goes for Westinghouse.  At one time, it was one of America's premier broadcasters.   RCA is also on the list.

Those big names were in industry and consumer products  Chances are, you had one of their appliances in your home.  It's also likely you used one of their products and didn't know it.

Have you been in an appliance department lately?  LG.  Samsung.  Panasonic.  Sony.  It's fine stuff, but it's not those big all American names you grew up with.  Those days are over.