Economy Thread

[Foxx]

1 hour ago, Nouseforaname said:

Which would be good news if you want the fed to stop raising or even cutting rates.

It is however indicative a looming recession.

[Crap Throwing Clavin]

This morning, James Bullard (CEO, Fed of St. Louis) said inflation is "stick" and there's a risk it has become entrenched.

 

I'm old enough to remember when it was "transitory."

 

I can't help thinking The Fed's been run by idiots the past two years.

[Nouseforaname]

23 hours ago, Foxx said:

It is however indicative a looming recession.

At this point a recession is a self fulfilling prophecy.  
 

The fed is just waiting for an excuse to pause and eventually signal rate cuts and by then, I’m assuming that companies will have concluded with their layoffs/restructuring .

[Nouseforaname]

21 hours ago, Crap Throwing Clavin said:

This morning, James Bullard (CEO, Fed of St. Louis) said inflation is "stick" and there's a risk it has become entrenched.

 

I'm old enough to remember when it was "transitory."

 

I can't help thinking The Fed's been run by idiots the past two years.

Dinosaurs.  They focus on what brought them success in the past and refuse to adjust.  

[Nouseforaname]

https://www.wsj.com/articles/these-tech-workers-say-they-were-hired-to-do-nothing-762ff158?st=tzojhgyuuhtv446&reflink=article_copyURL_share

 

Not surprising at all. 
 

“Peo­ple were job-hop­ping from jobs where they were do­ing noth­ing, work­ing from home, to an­other where they were do­ing noth­ing, work­ing from home, and got paid 15% more,” he says. Em­ploy­ees at Mr. Siebel’s com­pany are ex­pected to work full time from the of­fice, which he says is es­sen­tial to high per­for­mance and col­lab­o­ra­tion.

Edited April 7, 2023 by Nouseforaname

[devnull]

On 4/6/2023 at 11:35 AM, Crap Throwing Clavin said:

I can't help thinking The Fed's been run by idiots the past two years.

I can't help but thinking you're off by a factor of 10

[Foxx]

Sub-prime

 

[Ann]

I am surprised the number is that low...
 

 

[Ann]

It's the same playbook from the Obama era... release good numbers then "revise" them a month later. 

[Koko]

On 5/6/2023 at 2:33 PM, Ann said:

It's the same playbook from the Obama era... release good numbers then "revise" them a month later. 

 

Not only revise the numbers, but do it in a Friday news dump.

[Nouseforaname]

@Crap Throwing Clavin

[Crap Throwing Clavin]

55 minutes ago, Nouseforaname said:

@Crap Throwing Clavin

 

Like this?

 

But when I learn to use the Fibonacci Spiral, then I'll have circles too!

[Ann]

 

[devnull]

In the last few days the stock prices for Dollar Genral and Advance Auto have tanked on low earnings reports

 

Is this a harbinger of a second Biden recession?

[Ann]

4 minutes ago, devnull said:

In the last few days the stock prices for Dollar Genral and Advance Auto have tanked on low earnings reports

 

Is this a harbinger of a second Biden recession?

They were the only retailer expanding rapidly. Maybe they dial it back now? 

[Ann]

The government lying? Noooooo

 

 

[Alaska Darin]

 

[Ann]

Investment firms like BlackRock and Vanguard are 'forcing' companies like Bud Light and Target into woke marketing campaigns, claims ex-Anheuser-Busch exec
* Anson Frericks accused institutional investors of pushing ideology on firms
* Pointed the finger at BlackRock, State Street and Vanguard 

A former Anheuser-Busch executive has claimed that institutional investors are pushing left-wing ideology on the companies they invest in, spurring recent controversies like the ones that engulfed Bud Light and Target.

 

Anson Frericks, a co-founder of Strive Asset Management who previously spent a decade at Anheuser-Busch, made the claim in an interview on Tuesday on Fox News. 

 

'You just have to follow the money. Take a look at BlackRock, State Street, Vanguard -- they manage $20 billion worth of capital,' he said. 

Frericks said a lot of the money managed by institutional investors comes from big pension funds like those of the state of California, which put ideological pressure on the money managers. 

 

'They -- State Street, BlackRock, Vanguard -- they have to commit to ESG, diversity, equity and inclusion and adopt firm-wide commitments that they therefore then force on to all of major company in corporate America,' said Frericks.

 

</snip>

[Cinga]

This can't be good, what do they know that we don't?

 

[Ann]

This thread is more than Airbnb 

 

 

 

My niece worked for a company that dealt with this stuff. She told me 18 months ago that eastern  Tennessee was going to collapse (we were looking for a house in the area). It is taking longer than expected.

 

 

 

 

Data from alltherooms