Think of this as Volume 18, Number 48 of the newsletter I have written weekly since March, 1997. Enjoy.
A few weeks ago I posited the theory that President Obama threw the last election so that Democrats can come back stronger in 2016 and beyond.
But there’s another theory, and it’s based on a recent visit to the suburbs.
Atlanta is divided into two parts. I live Inside the Perimeter (ITP). Most of the city is Outside the Perimeter (OTP), the I-285 ring freeway dividing them from one another. I’ve been surprised that anyone could be against this government since life is great ITP. My home’s value has increased, there are tons of new shops and restaurants opening up within walking distance, and the new intown malls built over the last 10 years are crowded all the time.
As I’ve written here many times, the center of our economic life is changing. It’s moving from offices to labs. Most of the jobs done in office towers – marketing, middle management, etc. – can now be done by computers. Those jobs aren’t coming back.
The Mad Man era is over, Willy Loman is now an algorithm, and if Dan Draper can’t code he’s hitting the bricks alongside him. The offices that remain are basically factories, software factories. Atlanta is lucky to have so many software companies, especially in complex areas like transaction processing, which happens to be where my wife has made her career.
S0 economically, things are great in my household. I have been doing pretty well moving my beat from technology to finance. She has been doing great at her job, which she’s very good at. Our assets have grown substantially in the last six years, and our lives much more convenient. It has been a great time for us.