(no subject)

Fleet management will have a greater impact on the future of this country than any other technology in approximately the same state of maturity. I'm tempted to compare the transition to the mid-19th century railroad transformation of the world's economy.

https://www.theverge.com/2018/8/21/17762326/waymo-self-driving-ride-hail-fleet-management

Under the hood of the record stock run

Corporate profits before taxes are falling, while investment is growing.



https://fred.stlouisfed.org/graph/?g=kWcU
The government is deficit-financing corporate profits and, by extension, the stock market. The hope is that corporate investment will stimulate growth. If it doesn't, the government will have no traditional tools to pull out of a recession.