by Patrick ➕follow (60) 💰tip ignore
« First « Previous Comments 123 - 162 of 297 Next » Last » Search these comments
If they were really high level executives then they should have plenty of money stashed away for the proverbial rainy day, and not panicking.
RWSGFY says
the two "stimulus" bills, etc
Congress passed these bills. Blame those bozos.
Looks like firms are getting rid of the mature and knowledgeable employees that cost them more money so that they can keep doing things they think they want to. It will be hard for these actually qualified employees to be rehired if the industry is shifting to hiring mostly know nothings that are infinitely moldable and always bend the knee.
Looks like firms are getting rid of the mature and knowledgeable employees that cost them more money so that they can keep doing things they think they want to. It will be hard for these actually qualified employees to be rehired if the industry is shifting to hiring mostly know nothings that are infinitely moldable and always bend the knee.
ForcedTQ says
Looks like firms are getting rid of the mature and knowledgeable employees that cost them more money so that they can keep doing things they think they want to. It will be hard for these actually qualified employees to be rehired if the industry is shifting to hiring mostly know nothings that are infinitely moldable and always bend the knee.
Yeah. You get laid off in your early 50s, you stay laid off.
The National Association of Realtors says the median price of a previously owned home increased to nearly $427,000 last month.
And the best thing, all the Boomer handymen are retiring or semi-retiring. The days of rental managers have a desperate army of cheap handymen who will work for $13/hr for a shitty 70/30 PPO with $30 copays and do hit a new job every half hour with the property manager breathing down their neck, and then doing valet trash service off the clock to keep their jobs, is history.
My solutions are growing.... stronger
10 Year Treasury peaked recently to 5% back in October 2023. That was the highest its been since 2007. Its now around 4%, so it has dropped about 25%. This is a good sign the bond market is pricing in that inflation is easing, and good news for the US Treasury as far as debt service.
1 Year Treasury has been slowly declining for last 12 months also, its at 4.7% and peaked to 5.5% back in October 2023.
We've been blessed with "low interest rates" from 2007 to 2022.
https://www.cnbc.com/quotes/US10Y
The statement repeated what it had said since the rate hikes started, to push back against voices that propagate raising the Fed’s inflation target to 3% or 4% or whatever.
“The Committee is strongly committed to returning inflation to its 2 percent objective.”
They're going to INCREASE?
They're going to INCREASE?
America can only survive if the asset prices collapse.
GNL says
They're going to INCREASE?
What, rates? Or the target rate?
If they increase the inflation target rate, they can keep the FED policy rates from rising and maybe be able to cut them.
But if they keep the target rate at 2%, no way. Congress will have to cut spending big time a lot sooner than later in that case too. Trump won't like that.
Tell that to the Japanese. They fought against it and had 35 years of economic malaise. Right now their GDP is what it was before that happened in mid 1990s.
I want 15% Tbills, dammit!
I was only 12 years old in 1982, when Canadian non-callable 30-year bonds were yielding almost 30%. I was a broke kid, but damn, that was the deal of a lifetime. That's what created the monster that the insurance industry has become. They rode that bitch bareback for almost 50 years. Now interest rates are in a secular uptrend for the next 2 generations, and the insurance corporations are fucked. Wait and see what the fallout will be. Those Florida cats are getting an advanced preview.
https://www.usatoday.com/videos/money/retail/2024/08/02/which-well-known-retail-stores-filed-bankruptcy/74638050007
Retail stores file for bankruptcy, store closures across the country
Red Lobster, Walgreens, Rite Aid and many other retailers are battling with worsening financials.
Government Debt to GDP is tied into these charts. We we're laughing at Greece and their spending problems, now we got those same numbers. Government has grown larger than the public needs. Why don't we hear a call to shrink the size of this monster?
Government has grown larger than the public needs. Why don't we hear a call to shrink the size of this monster?
They are going to have to set spending increases to just below the annual inflation rate and / or small increase of taxes on those who earn a combined VA disability, military retirement, and Social Security or those senior citizen households earning more than $50,000 a year (excluding Social Security) as well as large increase on billionaires
« First « Previous Comments 123 - 162 of 297 Next » Last » Search these comments
patrick.net
An Antidote to Corporate Media
1,248,001 comments by 14,883 users - HANrongli online now