Bad Economic Predictions
Posted: Fri May 17, 2024 1:27 pm
"Surely people worth 8 figures don't even bother with health insurance, right"
People worth 8 figures: No, dawg, we're insured. We can't afford American healthcare either.
Page 59 of 73
"Surely people worth 8 figures don't even bother with health insurance, right"
People worth 8 figures: No, dawg, we're insured. We can't afford American healthcare either.
Bad Economic Predictions
Posted: Mon May 20, 2024 1:15 pm
Senate banking chair calls for leadership change at the FDIC.
Well, here's the problem, and example #3,657,209 of how the parties don't care about running the country, but rather, maintaining power:
Sounds like a no brainer, right?Sen. Sherrod Brown, a Democrat who heads the Senate Banking Committee, is calling for a leadership overhaul at the Federal Deposit Insurance Corporation following a scathing 234-page report released earlier this month that detailed pervasive sexual harassment, discrimination and bullying at the agency
Well, here's the problem, and example #3,657,209 of how the parties don't care about running the country, but rather, maintaining power:
Most Democrats haven’t called on Gruenberg to be replaced. That’s likely because if Gruenberg were to vacate his position, Vice Chair Travis Hill, a Republican appointee, would automatically become chair until a replacement is appointed by the president and confirmed by the Senate. Ultimately, if President Joe Biden heeds Brown’s call, there’s no guarantee that his new pick would be confirmed by January, when a new president could be inaugurated.
Bad Economic Predictions
Posted: Mon May 20, 2024 1:17 pm
There's a general term for the ethos that "the well being of my team takes precedence over everything else."
Bad Economic Predictions
Posted: Tue May 21, 2024 3:25 pm
I wonder if the recession that everyone keeps predicting would finally hit if the government stopped spending 30% over what they collect.
And I wonder how long the government can ignore that practice.
And I wonder how long the government can ignore that practice.
Bad Economic Predictions
Posted: Tue May 28, 2024 9:37 am
Bad Economic Predictions
Posted: Tue May 28, 2024 11:12 am
Interesting how stable it has been for most of our lives relative to 40s through 70s.
Though this is probably the type of analysis that need log axis.
Though this is probably the type of analysis that need log axis.
Bad Economic Predictions
Posted: Tue May 28, 2024 12:22 pm
New Deal reforms, it shook up the system for a while until the loopholes were closed?
Bad Economic Predictions
Posted: Mon Jun 03, 2024 2:46 pm
100 most overpaid CEOs
I'd really like to learn more about their process in determining their ratings, what people are overpaid, etc. Also, Bob Iger is a glaring omission. Disney's stock has dropped >50% since he returned.
A glitch caused some issues this morning on the NYSE.
I'd really like to learn more about their process in determining their ratings, what people are overpaid, etc. Also, Bob Iger is a glaring omission. Disney's stock has dropped >50% since he returned.
A glitch caused some issues this morning on the NYSE.
Bad Economic Predictions
Posted: Tue Jun 04, 2024 10:15 am
Bad Economic Predictions
Posted: Wed Jun 05, 2024 8:47 am
Bad Economic Predictions
Posted: Wed Jun 05, 2024 9:04 am
The current market cap for US stocks is $50,782 BILLION.Leisher wrote: ↑Wed Jun 05, 2024 8:47 am A lot of people are exiting the stock market.
Some very interesting numbers in that article.
5.7 / 50782 = 0.01% of the stock market.Just last week, they sold off $5.7 billion more in stocks than they purchased, the highest outflow since last July.
Bad Economic Predictions
Posted: Wed Jun 05, 2024 9:19 am
People Catt. People.
Sure, the money is still there, but doesn't that seem to show that indeed a shrinking number of people have it all?
Sure, the money is still there, but doesn't that seem to show that indeed a shrinking number of people have it all?
Bad Economic Predictions
Posted: Wed Jun 05, 2024 9:50 am
Bad Economic Predictions
Posted: Wed Jun 05, 2024 11:07 am
Bad Economic Predictions
Posted: Thu Jun 06, 2024 4:08 pm
Because our elected officials can't be bothered to actually do their jobs, TJ Maxx parent company to make employees wear body cameras to deter thieves.
What happens when an employee leaves it on while going to the bathroom or an employee accidentally gets a changing customer naked on camera? What happens when that image is "accidentally" leaked?
The thieves who go into stores with the grocery bags to steal shit already wear masks, so how does a body cam help?
What happens when an employee leaves it on while going to the bathroom or an employee accidentally gets a changing customer naked on camera? What happens when that image is "accidentally" leaked?
The thieves who go into stores with the grocery bags to steal shit already wear masks, so how does a body cam help?
Bad Economic Predictions
Posted: Tue Jun 25, 2024 10:04 am
What a single person needs to make for basic living in every state.
The average annual salary nationwide is $55,640.
The average annual salary nationwide is $55,640.
Bad Economic Predictions
Posted: Tue Jun 25, 2024 10:08 am
I heard someone say the other day that back in the day, Henry Ford tried to take his excess profits and give his workers raises, but then a rival car company sued him by saying that wouldn't be good for stockholders, and he is required to do what's in the best interest for stock holders.
Can anyone speak to the veracity of that statement?
Can anyone speak to the veracity of that statement?
Bad Economic Predictions
Posted: Tue Jun 25, 2024 4:24 pm
lawsuit true, person who brought it not true.GORDON wrote: ↑Tue Jun 25, 2024 10:08 am I heard someone say the other day that back in the day, Henry Ford tried to take his excess profits and give his workers raises, but then a rival car company sued him by saying that wouldn't be good for stockholders, and he is required to do what's in the best interest for stock holders.
Can anyone speak to the veracity of that statement?
https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
Basically, companies exist for the benefit of the shareholders. But management still largely has wide discretion in deciding what that means.
Companies can organize as different types of corporations if they do not want to do this.
Bad Economic Predictions
Posted: Tue Jun 25, 2024 4:31 pm
The only reason to IPO is pure greed because you're done working and want to cash out. 
Bad Economic Predictions
Posted: Sat Jun 29, 2024 2:47 am
Long story short:
Tractor Supply was exposed by a former employee, Robby Starbuck (you can search it on Twitter), this became a problem for their primarily conservative customer base. Boycotts started and their stock dropped quickly. Within three weeks, Tractor Supply put out this tweet completely reversing direction. Corps can do what they want, but it is nice when they listen to their customers.
Tractor Supply was exposed by a former employee, Robby Starbuck (you can search it on Twitter), this became a problem for their primarily conservative customer base. Boycotts started and their stock dropped quickly. Within three weeks, Tractor Supply put out this tweet completely reversing direction. Corps can do what they want, but it is nice when they listen to their customers.