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Six Industrial Stocks to Buy for Tapping into Tantalizing Technology

Six industrial stocks to buy are tapping into tantalizing technology trends, such as artificial intelligence (AI), cloud computing, software and automation.  The six industrial stocks to buy that are fueled increasingly by technology advances that should.

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Six industrial stocks to buy are tapping into tantalizing technology trends, such as artificial intelligence (AI), cloud computing, software and automation. 

The six industrial stocks to buy that are fueled increasingly by technology advances that should enable faster growth and capability to adjust to marketplace changes compared to industry rivals. For those reasons, such industrial companies are gaining praise from investment firms.

Not only are industrial stocks using artificial intelligence and other technologies to enhance their business operations, but so are investment professionals in assessing them. Those who are slow to adopt the technology may be slipping behind their competitors without realizing it.

Six Industrial Stocks to Buy Show the Merit of Using Artificial Intelligence

“Trying to invest in the markets today without artificial intelligence is like going into a gunfight with a knife,” said Bryan Perry, who writes the high-yield-focused Cash Machine investment newsletter and the Premium Income, Quick Income Trader, Breakout Profits Alert and Hi-Tech Trader services. “There is considerably more information than what can be analyzed by a person. Aside from traditional fundamental research where emotions can wrongly influence decision making, it is very helpful to have an agnostic model that crunches data while canceling the market noise.”

Perry uses artificial intelligence (AI) to aid him in making recommendation to subscribers of his of Hi-Tech Trader service. With each new recommendation, he uses a score that was generated by the AI technology to give his readers a quantitative measure to reveal whether the new pick is ranked 99, 98, 97, 96 or 95, for example, on a scale that caps at 100.

Paul Dykewicz interviews Bryan Perry, who uses artificial intelligence in Hi-Tech Trader.

Six Industrial Stocks to Buy Gain Recommendations from BofA

The six industrial stocks to buy are using artificial intelligence, cloud computing, software and automation to drive growth. Top management of each of the six stocks to buy offered updates at BofA’s Industrial Software & Automation Summit, Sept. 21-23.

The summit reinforced the view that industrial software/automation are key drivers of growth and sources of investment, BofA wrote in a Sept. 24 research note. This view is consistent with BofA’s view of improving capital expenditure growth driven by “reshoring and automation.”

BofA added that automation is a sector tailwind, particularly for buy-rated companies such as Emerson (NYSE: EMR). The investment firm estimates Emerson has approximately $2.4 billion in software revenue, which includes $1.1 billion of embedded software.

Automation and Software Spur Growth for one of the Six Stocks to Buy

Emerson Electric Co. (NYSE: EMR) offers automation and control software through its DeltaV control applications, operations management software with its Plantweb product and vertical-specific software from its Bio-G in Life Sciences business, BofA wrote. Approximately 35% of software is revenue collected on a subscription basis, with a three- or four-year transition for the remaining portfolio, according to Mark Bulanda, executive president of Emerson Automation Solutions.

Emerson’s Digital Transformation business unit includes hardware, software and services in the areas of sensing, predictive maintenance and analytics. Emerson is adding sales resources focused on information technology and C-level executives to complement its existing relationships.

Chart courtesy of www.StockCharts.com

Stuart Harris, Emerson’s group president of Digital Transformation, told the BofA event attendees that he is seeing more customers go from piloting new technology to widespread deployments. The company’s digital transformation includes its Plantweb operations management platform that he said is at the heart of Emerson’s Digital Transformation offerings.

The Plantweb Optics capability lets Emerson differentiate by combining first principles models (i.e., how an asset should work) with data-driven analysis that involves machine learning and artificial intelligence. While there are low code options for Plantweb, wider adoption could be ahead for pre-built templates for pumps, compressors, generators, heat exchangers, fans and blowers.

In a deal that closed in October 2020, Emerson paid $1.6 billion to acquire Open Systems International to add grid management software for utilities. An increased mix of renewable energy is driving greater adoption of grid management software. Since only about 35% of utilities have advanced distribution management systems (ADMS), it offers Emerson a good growth opportunity.

Six Industrial Stocks to Buy Led by Emerson

“Emerson Electric is a good stock to own for a number of reasons,” said Bob Carlson, chairman of the Board of Trustees of Virginia’s Fairfax County Employees’ Retirement System with more than $4 billion in assets. 

The company’s operations are diversified across industrial and infrastructure sectors of the economy, said Carlson, who also leads the Retirement Watch investment newsletter. Emerson will benefit from economic growth and increased capital spending, he continued.

“It also provides key equipment and services for water systems, and a portion of the infrastructure bill Congress is working on provides money to improve municipal water systems,” Carlson said. “In addition, the company is a steady dividend payer. The yield is 2.09%, and EMR has increased its dividend annually for more than 50 years.”

Emerson Is at the Forefront of Using Technology, Pension Chairman Says

Emerson has been at the leading edge in using technology, even though its business largely is engaged with valves, pressure systems, pumps and other traditionally low-technology products, Carlson continued. However, the company also sells technology that is attractive to companies that are trying to increase their factory automation and supply chain resiliency, which are two trends that are likely to be strong for a while, he added.

Pension fund and Retirement Watch chief Bob Carlson answers questions from columnist Paul Dykewicz.

Honeywell Earns a Spot in the Six Industrial Stocks to Buy

Charlotte, North Carolina-based Honeywell International Inc. (NASAQ: HON), a provider of aerospace, building technologies, performance materials and technologies, along with safety and productivity solutions, also is recommended by BofA. The investment firm’s $270 price objective is based on 20x 2022E enterprise value (EV) / earnings before interest taxes depreciation and amortization (EBITDA).

BofA’s target multiple for Honeywell is at a premium to its peers trading at 18x EV/EBITDA on 2021 estimates. The investment firm wrote that such a premium is warranted given a more defensive portfolio that provides Honeywell with resilient margins and above-average earnings per share (EPS) growth.

Potential risks to the BofA price objective on Honeywell are acquisitions, specifically if Honeywell overpays for deals in the pursuit of diversifying and expanding into new, faster-growing, technology-hungry adjacent market, as well as unforeseen future sales slowdowns due to economic pressures. Another possible threat is execution issues due to the company’s ongoing simplification efforts.

“Honeywell shares a lot of the positive traits of EMR,” Carlson said. “Each company has a long history of knowing what it does well and executing extremely well.”

Chart courtesy of www.StockCharts.com

Rockwell Ranks Among Six Industrial Stocks to Buy

Rockwell Automation Inc. (NYSE: ROK), a Milwaukee, Wisconsin-based provider of industrial automation and information technology, features brands such as Allen-Bradley and Factory Talk software. It employs more than 23,000 people, serves customers in 100-plus countries and is another of the six industrial stocks recommended by BofA.

The company’s management offered a presentation at the summit that identified its framework as growing its core automation business and its Information Solutions & Connected Services at a double-digit-percentage rate, while pursuing acquisitions focused on software. Rockwell also is oriented to the life sciences and pharmaceutical industries, which have been bringing operations back to the United States as the COVID-19 crisis is fought with vaccinations and other preventive measures.

Plus, Rockwell’s FactoryTalk offers a suite of cloud-based offerings to support advanced industrial applications. Rockwell built out the suite with its recent acquisitions of Plex and Fiix.

The purchase of Plex provides cross-selling opportunities for Rockwell. Not only can Rockwell cross-sell Plex to existing customers, but a new pipeline of customers can be obtained synergistically, BofA wrote. Both Rockwell and Plex have leading market positions in North America, BofA noted.

“One of management’s priorities is to grow market share in Asia and Europe,” according to BofA. “Management is also focused on training and enabling its software channel partners.”

Rockwell’s partners include hyperscalers such as Microsoft (NASDAQ: MSFT) and software providers such as PTC Inc. (NASDAQ: PTC). Software growth is a priority for management.

One of PTC’s top-level priorities is to grow annual recurring revenue (ARR). The organization is focused on driving software bookings, new customer wins, customer retention and customer satisfaction.

Chart courtesy of www.StockCharts.com

Software Company PTC Joins Six Industrial Stocks to Buy

PTC Inc. is a Boston-based computer software and services company founded in 1985. The global technology giant has 6,000-plus employees who work in 30 countries, with 1,150 technology partners and generate more than $1 billion in annual revenue. 

The recovery in demand for the internet of Things (IoT) is occurring largely as PTC management expected and has been incorporated into BofA’s fiscal year 2021 guidance. Temporary plant shutdowns and site access limitations have pushed back the recovery trajectory by “a few weeks” but PTC management expressed “zero reason” to alter long-run IoT revenue targets.

PTC is investing in turnkey IoT solutions, with four distinct offerings: real-time production performance monitoring, connected work cell, asset monitoring and utilization, as well as digital performance management (DPM). Among those, DPM is the latest offering, which launched just weeks ago to analyze the end-to-end manufacturing processes from raw inputs to final outputs. The company’s management voiced a goal of providing a turnkey solution that will shorten sales cycles and implementation times, while speeding up adoption by clients.

BofA has given PTC a buy recommendation and a price objective of $160, based on 28x 2022 estimated EV / EBITDA. The valuation is a discount to industrial software peers at around 29x on 2021 estimates, but BofA wrote it is warranted due to below-average EBITDA margin.

Downside risks to the price target could come from significant competition, declines in discrete manufacturing activity, IoT and augmented reality, among other threats, BofA cautioned.

Chart courtesy of www.StockCharts.com

Fortive Finds Spot Among Six Industrial Stocks to Buy

Everett, Washington-based Fortive Corporation (NYSE: FTV), a diversified industrial technology conglomerate that was spun off from Danaher in July 2016, won a recommendation from BoA as a provider of technologies for connected workflow solutions across a range of markets. Fortive’s strategic segments of Intelligent Operating Solutions, Precision Technologies and Advanced Healthcare Solutions includes brands with leading positions in their markets.

Fortive is leveraging its industry & customer knowledge for selective acquisitions, and then applying Fortive Business System tools to enhance growth and margins. The company’s businesses design, develop, service, manufacture and market professional and engineered products, software and services. Fortive employs more than 17,000 research and development, manufacturing, sales, distribution, service and administrative team members in 50-plus countries.

Fortive Finishes Acquisition of ServiceChannel to Spur Sales

Plus, Fortive reported on Sept. 1 that it completed its previously announced acquisition of ServiceChannel Holdings Inc. to become an operating company within its own Intelligent Operating Solutions (IOS) segment. ServiceChannel, with more than 500 enterprise customers in over 70 countries, is a global provider of SaaS-based multi-site facilities maintenance service solutions.

“The transaction adds another differentiated, high-growth SaaS asset with an attractive runway to drive increasing profitability and free cash flow, and generate strong returns over the next five years,” said James Lico, Fortive’s president and chief executive officer. “As we look ahead, we have significant capacity and opportunity for additional capital allocation which will continue to strengthen the portfolio and drive double-digit earnings and free cash flow growth over the long-term.”

Fortive’s second-quarter results, ended July 2, produced a 26.7% jump in revenues from continuing operations to reach $1.3 billion, compared to the same quarter a year ago. For Q2 2021, adjusted net earnings from continuing operations were $238.8 million. Diluted net earnings per share from continuing operations for the second quarter, ended July 2, were $0.48.

Chart courtesy of www.StockCharts.com

Vontier Vaults onto List of Six Industrial Stocks to Buy

Vontier Corp. (NYSE: VNT) is following its customer base with software offerings that aid gas stations in expanding offerings and include electric vehicle (EV) charging networks. Vontier, a manufacturer headquartered in Raleigh, North Carolina, owns the brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman, plus subsidiaries Hennessy Industries, Gasboy and Global Traffic Technologies.

BofA gave Vontier a $46 price objective on 11x the investment firm’s 2022 estimated EBITDA. That price target is a discount to the peer average of 18x on 2021 estimates, reflecting slower near-term earnings trajectory, BofA wrote.

But Vontier is not without downside risks. Those potential threats that may not emerge include faster-than-expected drops in U.S.-related revenue, acquisition timing, selection and integration risks, along with greater adoption of electric vehicles hurting demand for retail fueling infrastructure.

Chart courtesy of www.StockCharts.com

COVID-19 Accelerates the Race to the Cloud

Cloud providers, or “hyperscalers,” such as Amazon (NASDAQ: AMZN) through its AWS and Microsoft with its Azure service, are penetrating the industrial market. Despite the size of scale and investment dollars, hyperscalers still lack deep domain expertise, BofA wrote.

Hyperscalers may turn into partners of industrial automation providers that offer “rich domain expertise,” rather than competitors, BofA opined. Even though most providers partner with a single hyperscaler on a preferred basis, many software offerings are Cloud-agnostic, the investment firm added.

What is clear to BofA is the migration of data from on-premise to Cloud and Edge is accelerating post-COVID. Nonetheless, the Delta variant of COVID-19 has proven to be a highly transmissible threat that is gaining close attention from health experts.

The Centers for Disease Control and Prevention (CDC) is blaming the variant for recent spikes in case numbers and deaths, despite increases in the number of people who have been vaccinated against COVID-19. As of Sept. 28, 213,752,856 people, or 64.4% of the U.S. population, have received at least one dose of a COVID-19 vaccine. The fully vaccinated total 185,265,856 people, or 55.8%, of the U.S. population, according to the CDC.

COVID-19 cases worldwide, as of Sept. 28, total 232,730,064 and led to 4,764,388 deaths, according to Johns Hopkins University. U.S. COVID-19 cases hit 43,225,239 and caused 692,561 deaths. America has the dreaded distinction as the country with the most COVID-19 cases and deaths.

The six industrial stocks to buy in pursuit of profits from technology advances should survive the recent dip in the market better than most of its rivals.

Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce, Seeking Alpha, GuruFocus and other publications and websites. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of  StockInvestor.com and DividendInvestor.com,  a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The book is great as a gift and is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others. Call 202-677-4457 for special pricing.

The post Six Industrial Stocks to Buy for Tapping into Tantalizing Technology appeared first on Stock Investor.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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6 hours ago

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March 11, 2024

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

“Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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March 10, 2024

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act. 

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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March 10, 2024

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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