(Thread IKs:
skooma512)
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i need more of this lol
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Oct 30, 2023 22:27
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Homeless Friend posted:i need more of this lol there’s a memestock thread but the subreddits linked in the op are a nonstop feed of lols
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Oct 30, 2023 22:29
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Homeless Friend posted:i need more of this lol If you’re okay with Reddit https://www.reddit.com/r/gme_meltdown/?rdt=45417
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Oct 30, 2023 22:43
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are there any physical BBBY paper shares or are those not a thing anymore? would make a fun novelty gift
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Oct 30, 2023 22:43
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https://twitter.com/edwest/status/1717815234092535994?s=20
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Oct 30, 2023 22:51
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Coordinated effort to raise prices across several different industries, let's see how long this lasts:quote:McDonald’s revenue climbs 14% as price hikes boost U.S. sales err has issued a correction as of 22:56 on Oct 30, 2023 |
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Oct 30, 2023 22:51
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cat botherer posted:yeah i'm on the unemployment phase of that myself, and it owns yeah its currently at the point where we have maybe three subject matter experts at best for the most expensive process in our entire company. if any of us get fired theres functionally no way this company can operate. Mustached Demon posted:will the shareholders be ok? they're going to lose money because they're trying to get someone else to hold the bag on the money they wasted. it rules. we could have been fine, but naturally they assumed infinite growth because of low interest rates and then interest rates went up like a month later. anime was right has issued a correction as of 22:56 on Oct 30, 2023 |
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Oct 30, 2023 22:52
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Lol, these two men are shitters that have jobs and refuse to help financially around the house gently caress ‘em.
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Oct 30, 2023 22:58
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anime was right posted:
what part of "past performance guarantees future returns" does the economy not understand?!
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Oct 30, 2023 23:04
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anime was right posted:yeah its currently at the point where we have maybe three subject matter experts at best for the most expensive process in our entire company. if any of us get fired theres functionally no way this company can operate.  realtalk, if you think you might get laid off, you almost assuredly will. If I were you, I'd spruce up that resume and make finding a new role your first priority. I wish I would have done that when I saw most of my team getting laid off, but I just didn't want to think about it. Instead I just worked more hours and made more money for the company like a goddamn idiot cat botherer has issued a correction as of 23:19 on Oct 30, 2023 |
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Oct 30, 2023 23:06
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cat botherer posted:
oh i absolutely am. honestly though i plan to take some time off because ive been working at the same place for 11 years and honestly i want to find a new job outside of tech. that said, im riding these paychecks to the grave because i will probably never make this much money ever again.
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Oct 30, 2023 23:33
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shrike82 posted:japan's a good analogy because the broad outcome for most people is just going to be access to cheap, good electronics insightful commentary as always from the dipshit banned from the china thread
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Oct 30, 2023 23:34
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anime was right posted:i will probably never make this much money ever again.
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Oct 30, 2023 23:40
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cat botherer posted:
on the other hand I did this once after a big layoff and the company I went to was soul crushing. meanwhile my former company went under completely but let them get paid to apply to jobs at work for a month, got 3 months severance, and healthcare paid for up to 9 months. I wish I had just stayed I'd have been much better off
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Oct 30, 2023 23:42
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Maed posted:on the other hand I did this once after a big layoff and the company I went to was soul crushing. meanwhile my former company went under completely but let them get paid to apply to jobs at work for a month, got 3 months severance, and healthcare paid for up to 9 months. I wish I had just stayed I'd have been much better off we're gonna get 4 weeks severance at best and no healthcare lol
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Oct 30, 2023 23:49
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also as a reminder: if you have insurance, do checkups and do as much preventative care as you possibly can.
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Oct 30, 2023 23:50
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anime was right posted:we're gonna get 4 weeks severance at best and no healthcare lol it helps a lot if your company is headquartered in california, my current one is thankfully
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Oct 31, 2023 00:07
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https://fortune.com/2023/10/28/great-wealth-transfer-baby-boomers-bank-of-america-millennials-government-policy/ You’ve probably heard about the “great wealth transfer.” It’s the $72 trillion stack of assets that baby boomers are sitting on and going to pass onto millennials someday, thereby solving many of the economically beleaguered younger generation’s problems. But there was another, even more “massive” wealth transfer from the government to the baby boomers over the last 40 years, according to Bank of America Research. The investment bank isn’t alone in coming to this conclusion. No less a figure than Ray Dalio, the billionaire and former leader of what was for many years the world’s biggest hedge fund, wrote on his LinkedIn page in August about a “coordinated government maneuver” that left household balance sheets rich and the state effectively broke. Dalio did not mention the boomers, or any generation, by name, but BofA has now done him one better. Boomers have quite simply been the biggest beneficiary of a “massive wealth transfer,” wrote the BofA team led by Ohsung Kwon, echoing Dalio’s observation that trillions of wealth flowed from the public to the private sector thanks to government policy since the 1980s, when boomers were in their prime working years. BofA pointed to the ballooning government debt—from 31% of GDP to 120% during that period—and the 10-year Treasury yield shrinking from 12% to 4.6% today (it’s actually 4.9% as of press time). So how many trillions? Over this period, BofA calculates, U.S. household net worth has skyrocketed from $17 trillion to $150 trillion. Boomers, alongside “traditionalists,” hold two-thirds ($146 trillion) of that total net worth. This means that government policy has resulted in a $129 trillion wealth transfer into the pockets of those boomers and older Americans, BofA said (it didn’t clarify the exact apportionment of wealth between these two groups). AT THE TOP OF THE LADDER Just over a quarter of this wealth is held in financial assets such as real estate. No surprise there, considering that nearly all boomers locked in a low 3% mortgage rate, unlike those poor millennials—the only group that took on meaningful mortgage debt since 2021, now in the 8% range. Fortune has reported extensively on how millennials have not enjoyed a boomer level of success as they struggled to afford to buy a home for years before facing off with an overpriced, ultra-competitive pandemic housing market. BofA’s findings are more evidence that boomers have had it pretty good, economically speaking. In addition to low interest rates and inflated housing prices boosting asset value, a 2020 Deutsche Bank report found that boomers shelled out less for education than millennials did and won’t have to pay for the environmental damage caused by the carbon emission-releasing companies they invested in. While boomers have still had their fair share of economic challenges, like the Great Inflation of the 1970s, BofA found they ultimately benefited in the long run from an economy that’s set them up pretty nicely for wealth accumulation. In a 2021 memo to clients, billionaire (and boomer) Howard Marks wrote that the generation is so big that they’re still wielding enough political and financial power to advocate for a system that works for them, “Boomers have been and still are consuming more than their fair share of the pie. This will leave future generations saddled with substantial debt stemming from expenditures they didn’t benefit from proportionally,” he wrote. Of course, four of the last five presidents are part of the baby boomer generation, and Congress is largely made up of boomers, if not traditionalists like the recently deceased Dianne Feinstein, with millennial figures such as Alexandria Ocasio-Cortez and Jon Ossoff the major exception. President Joe Biden, of course, is what BofA would call a traditionalist, But George W. Bush, Bill Clinton and even Barack Obama were all technically boomers. As Jill Filipovic, author of “OK Boomer, Let’s Talk,” told Salon in an interview, boomers climbed the ladder and then “pulled it up behind them.” Standing at the lowest rung, three-fourths of millennials (and 82% of Gen Zers) feel they’re navigating economic struggles shaped by their parents, per a survey by OnePoll on behalf of National Debt Relief. AT THE BOTTOM OF THE LADDER Dealing with a hefty price tag for a college education and ensuing student debt, many young adults graduated into a post-recession thorny job market, bouncing around to find a well-paying role. Forced to tack on other gigs to make ends meet, many still aren’t seeing the fruits of their labor; a separate BofA report finds that the extra income isn’t giving them much more spending power. The housing market is no rosier of a scene; while some millennials have made up some ground and started to househunt, many were pushed back to the last rung of the ladder when they were outbid by boomer cash offers. It’s led many young adults to depend on their more financially stable parents to afford a house. No wonder most millennials (and Gen Z) feel the economy is hurting their ability to be financially independent and like they’re falling behind. “Millennials, and now Gen Z, have grown up amidst global and financial turmoil,” Suzanne Schmitt, Head of Financial Wellness at New York Life, told Fortune. “These two cohorts have witnessed economic changes in their formative years and may be more risk-averse when it comes to financial habits than their predecessors.” There’s a silver lining, though, in the other great wealth transfer that is still pending. This could make millennials five times wealthier in 2030 than they were at the start of this decade, according to a Coldwell Banker estimate. Others are less optimistic. A survey from Alliant Credit Union finds that half of millennials think they’re inheriting at least $350,000 from their parents, while half of boomers report say they’ll give away less than $250,000. As Americans live longer and struggle to afford retirement during inflationary times, it’s likely the nest egg chips away a bit more. Even if there’s a large lump sum, many millennials don’t feel equipped to handle it. Perhaps, then, that wealth transfer won’t be as “great” as the ones boomers already received, the one Bank of America called downright “massive.” It may not be repeated anytime soon. Savings APYs are hitting record highs, but most Americans are leaving money on the table. See the best high-yield savings accounts and CD rates from Fortune Recommends.
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Oct 31, 2023 00:15
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https://www.wsws.org/en/articles/2023/10/30/lnob-o30.html
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Oct 31, 2023 00:21
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anime was right posted:watching my company fall apart in real time because of interest rates is so funny. im gonna be unemployed. thousands of ppl are gonna be unemployed. but its just so loving stupid. this literally happened in 2008 jfc
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Oct 31, 2023 00:37
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i am harry posted:this literally happened in 2008 jfc The worst people are being rewarded and everyone is crab bucketing yet again for a smaller and smaller piece of what's left
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Oct 31, 2023 01:16
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The great wealth transfer is boomer retirement/social security/savings right into their creditors share value
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Oct 31, 2023 01:26
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2 little burgers, a little fry and a shake at five guys is $35
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Oct 31, 2023 01:28
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Fake news, inflation is only 3.6%.
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Oct 31, 2023 01:42
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We only measure inflation without Food, energy, housing, and gas now.
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Oct 31, 2023 01:43
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They call it five guys cuz it takes five guys pooling funds to afford a burger
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Oct 31, 2023 01:44
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Five guys is mid and always has been. Smash Burger is a far better option in that category. Hell, Wendy’s is even better.
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Oct 31, 2023 01:47
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Freddy's is the magnum opus of fast food
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Oct 31, 2023 01:51
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Not many other options for burger close by except fast food. I would have rather spent that at shake shack but I didn’t think five guys would be so expensive. Never going back to five guys again.
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Oct 31, 2023 01:52
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skooma512 posted:https://fortune.com/2023/10/28/great-wealth-transfer-baby-boomers-bank-of-america-millennials-government-policy/ How much of this wealth transfer is going to go into nursing home care and assisted living? I'm assuming without looking that the affordability of retirement home living is just as bad if not worse than the rest of housing.
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Oct 31, 2023 02:24
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Justin Tyme posted:They call it five guys cuz it takes five guys pooling funds to afford a burger Lol
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Oct 31, 2023 02:24
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Rip Testes posted:How much of this wealth transfer is going to go into nursing home care and assisted living? I'm assuming without looking that the affordability of retirement home living is just as bad if not worse than the rest of housing. all of it. invest in "reitrement" homes!
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Oct 31, 2023 02:28
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I’m half expecting an “anti-old people” movement to spring up in the next few decades that decides Logan’s Run had the right idea. Violent gangs raiding retirement communities to “take back” the wealth from the boomers.
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Oct 31, 2023 02:43
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The cost of small arms munition is also shooting up in the States, so what metrics are even relevant? Televisions?
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Oct 31, 2023 02:46
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Glumwheels posted:2 little burgers, a little fry and a shake at five guys is $35 this is a chain burger place i used to live walkable to in silicon valley called The Counter  that's before tip btw. the half pound burgers start at $20 lol
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Oct 31, 2023 02:46
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galagazombie posted:I’m half expecting an “anti-old people” movement to spring up in the next few decades that decides Logan’s Run had the right idea. I don't know where you were for US Covid policy, but they did that.
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Oct 31, 2023 02:47
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H.P. Hovercraft posted:this is a chain burger place i used to live walkable to in silicon valley called The Counter Come the gently caress, on you're talking about a restaurant burger in silicon valley that's not surprising. Somebody show me the $11 McDonald's combo in the Midwest, now that's hosed up.
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Oct 31, 2023 02:48
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Rip Testes posted:How much of this wealth transfer is going to go into nursing home care and assisted living? I'm assuming without looking that the affordability of retirement home living is just as bad if not worse than the rest of housing. here's one of the (many) assisted living places near us  memory care gets extremely expensive
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Oct 31, 2023 02:51
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galagazombie posted:I’m half expecting an “anti-old people” movement to spring up in the next few decades that decides Logan’s Run had the right idea. Violent gangs raiding retirement communities to “take back” the wealth from the boomers. I mean there won't really be any boomers left to reclaim wealth from in a few decades
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Oct 31, 2023 02:54
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If a person likes 5 guys, I feel bad for them, because their burgers are just the burgers you get at family gatherings. Enjoying 5 guys tells me that your family didn't love you. on a weekend, just go to random parks and find birthday parties and ask for a burger, with a couple bucks, just to know what love taste like.
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Oct 31, 2023 02:55
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