I think a lot of these big corporate CEOs don't really understand what their workers are actually doing. Seriously they are clueless and detached from where the rubber meets the road.
Perhaps investors would be better served replacing the C-suite with AI; improve performance with much lower cost.
A case study in FAFO and there's a sucker born every minute.
Nothing to see here. This time it is different. Everything will be fine. Please disperse.
'Warsh believes the Fed’s supersized asset purchases have unnecessarily injected liquidity into the economy, pumping up the stock market, ... & boosting deficit spending'
Yet he wants lower rates. This is Schrödinger's cake.
BTW; AI will change our economy with or without Warsh as Chairman.
I don't think investors were predicting Covid's future in April 2020. I think it was more we could plainly see the President, Congress, and the Fed making it abundantly clear there was an unlimited amount of cash to prop up all investments.
I worked over 3 decades in the energy industry. The way management focused on reducing labor costs would make you think we were in the IT industry. There were other important concerns but reducing labor cost was definitely the number 1 metric.
'Warsh believes the Fed’s supersized asset purchases have unnecessarily injected liquidity into the economy, pumping up the stock market, ... & boosting deficit spending'
Yet he wants lower rates. This is Schrödinger's cake.
BTW; AI will change our economy with or without Warsh as Chairman.
Agree. Investing the past 10 years is basically a Keynesian Beauty Contest.
We are all learning how to invest with a foolhardy clown as POTUS. It isn’t easy.
We are all learning how to invest with a foolhardy clown as POTUS. It isn’t easy.
JUST IN 🚨: Stock Market reaches most expensive valuation in history after the Warren Buffett Indicator jumps to 227%, surpassing the Dot Com Bubble and the Global Financial Crisis 🤯👀
Discovery is a b/$@( though.
I never thought the USA would look as weak as we look right now. It's unbelievable except it is real.
Billionaires will move to a war zone 120F desert dictatorship before they would pay just 1% of their wealth in taxes to feed the hungry in a western democracy. No exaggeration.
GS: Gap between survey sentiment regarding prices and input costs signals downside risk to profit margins
More than half of Americans say everyday life has become less affordable, and many are cutting back to keep up.
'Automatic service fees for large parties at a restaurant cannot be deducted as a qualifying tip.'
Also the tip exemption expires in 2 years.
Lots of other issues and concerns with something that was all just BS from the start.
I think the duration is just as punishing as the magnitude. A long duration drawdown is something we haven't experienced for almost 2 decades.
Spot on. I had a discussion with a family member talking about how other family members who aren't stupid or malicious seem to live in an alternative MAGA universe. My assertion was the large quantities of slanted media they consume is the cause. They see reality thru a lens of perpetual victimhood.
I’m a nurse. I used to see almost entirely Daily Mail or Sun newspapers being read on the ward, (south of England of course). But they used to read it once and then put it down and get on with their day. Now they sit and endlessly scroll through this stuff, like ducks being fed for foie gras.
Can you imagine how Washington, Jefferson, Adams, and Madison would judge the current state of affairs. They would be appalled at Trump's power and our cowardly GOP congress. This is basically a worst-case scenario of all concerns they had with the constitution. Pardon power was clearly a mistake.
Great videođź‘Ť. I would just add anytime corporate management gives an edict to workers to use a specific tool is a massive red flag indicating management doesn't know what they are doing. Seen this movie before, know how it ends.
And I say this as someone who thinks AI will surpass all expectations.
We all now have front row seats on how cults work. Trump is communicating to his cult followers, not us. The nonsense coming from him makes complete sense to his cult and is very effective at keeping his followers in line.
Translation: Trump has agreed to everything
Sorry Bibi
This is exactly what happened!
IMO:
1) While part of the market is in a bubble, AI is definitely NOT a bubble.
2) Most financial analysts have and continue to underestimate AI progress/impact
3) ALL jobs are vulnerable to AI; ALL
4) Still waiting for a good AI Index ETF; the current ones are lacking (have built my own for now)
Paywall but let me guess: Another type of populism?
This is typical cult leader behavior.
It has been over 17 years since investors have endured a peak to trough lasting longer than 9 months. This explains much of today's investor psychology and expectations.
#FOMO #HODL #RecencyBias
Making decisions based primarily on greed and entitlement has consequences.