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Fair Trade (II)

Dear Rundown Reader,

More opinions on a career in the trades:

“I am located in Northeast Ohio and own a contracting business.

“We have a terrible time finding employees who are willing and can work with their hands.

“I’ve noticed the decline in tradesmen starting after the housing crash in ‘08 when a lot of businesses went under; they have not been replaced by younger business startups.

“We are general contractors and rely on sub trades. We are waiting 6 to 8 weeks to get these subs on our jobs because they are so busy.

“Prices are up and you can make very good money if you are competent. On the other hand if you find someone who isn’t busy, ‘Buyer Beware.’”

Another reader gives a shout-out to a state that’s doing it right:

“Utah has a trade-school program that is the best I have seen.

“I have worked aerospace, farming, diesel mechanic, and machine shop — all self taught.  The programs here are very good.”

Finally, we comply with a reader’s request:

“Ask millennials if they will work in a trades career.”

So…we’re asking. Any millenials out there — born between 1981 and 1996 — we’d appreciate your feedback.

Your Rundown for Friday, November 16, 2018

Whatever Happened To Bitcoin?

That’s the question you ask about the college roommate you haven’t seen in a decade, right?  “Whatever happened to….?”

Bitcoin’s so 2017. For some of us.

For others, an opportunity to nerd out.

In the last 24 hours, bitcoin’s price has fallen more than 12% to the lowest price for the cryptocurrency in over a year.

And if you’re not following digital currency, you might not know bitcoin’s in the midst of a civil war, something the pasty, hollow-eyed miners call a “hash war”. (We’re stereotyping here.)

In one corner, you have bitcoin ABC (bitcoin cash) with a majority of supporters. In the other corner you have bitcoin SV (bitcoin Satoshi’s Vision) which is mainly supported by Craig Wright and his ilk.

(For the record, Craig Wright claims to be the Satoshi Nakamoto, the inventor of bitcoin whose identity’s been shrouded in secrecy. Until now?)

So Craig Wright’s the Kaiser Soze of bitcoin. And just as ruthless.

twet

Wright threatens to sell off bitcoin and pretty much tank the market if the ABC supporters continue to “fork” from Wright’s original vision for bitcoin.

According to Wright, bitcoin ABC means a more regulated version of crypto; to his way of thinking that defies the original vision for digital currency. Completely.

So there you have it. Just in case you were wondering about the dramatic fluctuation in bitcoin’s price.

Even if you weren’t, fodder for dinner conversation over the weekend.

Market Rundown for Fri. November 16, 2018

S&P 500 futures are down 11 points to 2,725.50.

Oil’s up $1.27 to $57.73 for a barrel of WTI.

Gold is up $9.70 to $1,224.70.

Bitcoin is down $27.42 to $5,620.08.

Have a good weekend. We’ll catch up Monday.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown. Aaron’s been with Agora Financial/Seven Figure Publishing for 13 years. He's been covering technology and markets for over a decade.

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