Author: Lloyd Graff

Observations of the machining business at mid-year. There seems to be a real case of the blahs in the market. Auctions from the wreckage of the domestic frackers are swamping the Southwest. Waves of 10-year-old CNC lathes and mills are hitting the market and depressing prices. Haas VF-2 and VF-3 machines, market staples, have softened 20% in the last year. Even the CNC Swiss market which has been strong for so long is softer, partly because the Japanese Yen’s weakness versus the dollar has enabled new machine sellers to discount. The total market has also eroded with ferocious worldwide competition…

Read More

“Make America Great Again.” The vision that phrase invokes has half of America backing Donald Trump for President, who last year wasn’t a serious candidate, even in his own mind. News of Trump’s numerous character flaws pours out in the press, but many Americans couldn’t care less and will vote for him anyway — if not out of anger for the system, then in agreement with his shrewdly chosen catch phrase. That’s the power of a well thought out vision or campaign. In 1996, during my Sophomore year of high school in Hinckley, Illinois, our class of 60 kids, made…

Read More

A funny thing happened on the way to my colonoscopy. I followed the directions the hospital sent me perfectly. Tuesday, the day before the test, I drank a lot of water and then imbibed 64 fluid ounces of Gatorade mixed with a large bottle of colon cleaner called Miralax, something I had used before. Then I continued to drink more water before going to sleep, just to be sure my system was clean as a whistle. I nodded off quite easily at 10:30pm but the rest of the night is a blur. My wife, Risa, says that I woke her…

Read More

Lloyd and Noah Graff are away this week. We are featuring Jerry Levine’s excellent review of Born on a Blue Day, which is highly relevant today. America and much of the rest of the western world is suffering through an epidemic of autism. The disease is called a spectrum disorder because it does not manifest itself with a single set of symptoms, but covers a range of behaviors. At the worst, its victims are non-communicative and may do violence to themselves and others. At the best are those diagnosed as Asperger’s Syndrome, where they have above average intelligence, but very…

Read More

I am on vacation for a week. I thought rerunning this column by Jerry Levine from four years ago would give us an insight into the rise of Donald Trump and the impending dissolution of the Republican Party. I invite your comments. -Lloyd Graff David Brooks of The New York Times writes, “I’ll be shocked if there is another book this year as important as Charles Murray’s Coming Apart: The State of White America, 1960-2010.” Murray writes, “For most of our nation’s history, whatever inequality in wealth between our richest and poorest citizens, we maintained a cultural equality known nowhere…

Read More

Are you skeptical of people who claim to be INCREDIBLE at something? According to extensive scientific studies, the people who claim to be incredibly talented and intelligent are either genuinely incredible or they are incredibly bad and ignorant about how bad they are. National Public Radio’s “This American Life” recently did a piece about the research of scientists David Dunning and Justin Kruger. The scientists conducted tests on undergrads at Cornell University in which they gave the students three quizzes. One was on grammar, another on logical reasoning and another on humor—such as asking them which of several jokes was…

Read More

I have restrained myself mightily so far this political year, but the campaigns have become so juicy, so nutty, so deliciously crazy that I can no longer resist a political commentary. It is now likely that Hillary Clinton and Donald Trump will be our two choices in November. I say likely, not certain, because Trump could still do something so totally goofy that people will question his sanity, and Hillary could be indicted for putting 22 top secret emails on her private server and sharing the information with members of her personal staff over cocktails. I know Hillary Clinton’s supporters…

Read More

It has been a while since I wrote about business, which may be a commentary in itself about what I think life is like in the machining business in 2016. My sense of the action, or inaction, today is widespread caution. I would not call it dread or pervasive fear, but a mood of “wait and see” for more clarity of where the economy and the country is headed. Politically, there is considerable nausea about a Donald Trump versus Hillary Clinton matchup. People confront me frequently with the rhetorical question, “what kind of country gives us The Donald and Hillary…

Read More

I am writing this piece at the kitchen table in my house. It’s where I write most of my blogs. It’s the one place where I can concentrate most easily, despite various newspapers, salt and pepper shakers, and reading glasses laying askew. The table usually is covered with a tablecloth that has been washed a hundred times. I like colorful tablecloths on my formica covered table to add interest while I eat or write or just look out the window. For a house or apartment to be a real home you need a place, like my kitchen table, where you…

Read More

After 50 stunningly disastrous years, Detroit is seeing the spark of revival that comes when things get so bad that only the truly visionary can see through the rubble. I’m not talking about autos. Making cars comes and goes. At the moment, auto is back with a vengeance; maybe 18,000,000 sleds this year! This is no surprise to anyone selling parts, turning metal, or molding polymers. That revival has been going on since two of the “big three” dumped their debt (and shareholders) in bankruptcy to improve their balance sheets, and the third hired a manager who actually understood that it…

Read More