DEI Department heads:

HollywoodBQ said:

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BudFox7 said:

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HollywoodBQ said:

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BudFox7 said:

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Narrative that the economy is bad is fake news.

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What are you talking about?

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Are you short the market? What's your bottom target?

Unemployment is like 3.7%. Lol. Market about to break for new ATHs in spite of relatively extremely high interest rates. When those come down, watch out.

Inflation and Biden both suck ass, but pretending like the economy is in the ****ter is silly.

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Unemployment, really?

Back before the dot.com bust we were down in the 3.8 range but compare Labor participation rate of 2001, 2007, 2019 versus now and tell me what you see.

And don't blame the difference on Boomer retirements.

There are so many people out there not working or under working. If those people got off their asses and got jobs, they'd send unemployment negative (compared to where it is right now - obviously it wouldn't be negative because the size of the workforce would grow).

Of course for them to get jobs, the economy would need to be actually booming, not still recovering from the China virus.

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So you're short, right?

Or let me guess, the market isn't a reflection of the economy and because of that, you're long? Lol

I have to assume this will mean more housing demand in Texas with all those Cali commies moving here.

Poke around, there's weaknesses in Tech. Amazon laid off, FDX is looking at it, effectively UPS did. The last 3 are huge consumer indicators. I'm in strong Blue Chips with a hair trigger to roll out when the market finally reflects the reality of the economy. Just came out of Dunkin Donuts at rush hour, empty.

This economy has an increasingly "Big Short" feel. CC defaults are increasing, 401k loans up to keep paying for the Covid induced "live for now" lifestyle. The last crisis took out a lot of homeowners, this round looks like retirement is in the crosshairs.

I'm poking around looking for bargain Puts to get some downside protection for my portfolio, but like 2008-09, because it's politically beneficial to hide problems, they will be hidden until they can't. If you can stand the pain of being short until then, you'll make bank, if you can ride out the avalanche, you'll be fine as well.

You come across as a "exuberant long". About as irrational as an all in short, for now.

I'm actually a notorious bear, in another TA life. Just pointing out how silly the "bad economy" narrative is. If anything, it's normalizing after 2020-2022 chaos. Shorting the top of zero price volume history does not work.

BudFox7 said:

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So you're short, right?

Or let me guess, the market isn't a reflection of the economy and because of that, you're long? Lol

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So share price has relevance to jobs? Is that what you're trying to say?

Right now only 62.5% of people are even interested in working.

Versus 63.3% 4 years ago when the China virus hit.

So this economic boom you speak of, we're still not even back to where we were pre-Covid in terms of jobs.

Nevermind labor participation rates of 66.4% 17 years ago before the subprime crash and 67.2% 23 years ago before the dot.com crash.

2024 is looking pretty anemic.

Jetpilot86 said:

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. Just came out of Dunkin Donuts at rush hour, empty.

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is it the economy causing this , or is it 7AM on a holiday with sub freezing temps?

Of course the market is near ATHs. Just like the price of everything is a ATHs. That's what happens when you have damn high inflation. Stock values are prices like everything else. That doesn't mean the economy is booming. Just ask Zimbabwe.

Bitcoin will double by year end (if not sooner)!

anyone else see the "60 Minutes" on commercial real estate collapsing last night?

it was actually really well done

other than the fact that no one mentioned the top 10 American cities all collapsing are all run by leftists

80085 said:

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Jetpilot86 said:

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. Just came out of Dunkin Donuts at rush hour, empty.

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is it the economy causing this , or is it 7AM on a holiday with sub freezing temps?

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Could be. I work enough holidays that I hardly notice.

70 not sub freezing in SoFlo

Didn't we see the same predictions for 2023? How did those turn out?

HollywoodBQ said:

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BudFox7 said:

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So you're short, right?

Or let me guess, the market isn't a reflection of the economy and because of that, you're long? Lol

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So share price has relevance to jobs? Is that what you're trying to say?

Right now only 62.5% of people are even interested in working.

Versus 63.3% 4 years ago when the China virus hit.

So this economic boom you speak of, we're still not even back to where we were pre-Covid in terms of jobs.

Nevermind labor participation rates of 66.4% 17 years ago before the subprime crash and 67.2% 23 years ago before the dot.com crash.

2024 is looking pretty anemic.

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And let's not forget how the BLS reports a number that is not a 1:1 in terms of quality of job.

Example... losing a FT job and having to replace it with 3 PT jobs really shouldn't be counted as net new "2" jobs.

The Pixar layoffs reportedly include headcount that was hired for Disney+ — hires Disney pushed on Pixar to produce for its streaming division, which hasn’t yet turned a profithttps://t.co/O7TR3HoMwE

— Culture Crave 🍿 (@CultureCrave) January 12, 2024

Disney got the memo about layoffs.

HollywoodBQ said:

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No Spin Ag said:

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dmart90 said:

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From the article, Spotify cut 1500 jobs (17%). AI makes a ton of sense there. But the real question in my mind is how the hell was Spotify a 10000 person company too begin with?

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Great question.


I've always wondered if companies hired more people than they actually needed as a way to show "growth" to help increase their value.

Does anyone know if that is, or can be, a factor?

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I've got a situation where I'm seeing really dumb hiring decisions being made to support the execution of a plan put together by the new CEO.

I resisted hiring anybody in this low cost country a year ago when the plan was first launched.

But I'm now trying to hire somebody in this low cost country simply because I've been told to do so to be part of the team. So, I'm going to have a $50k/yr boat anchor on my team so that my higher ups can show the CEO that they're executing his plan, even though we're not going to benefit from it in any way for 6 months to a year. Ramp time would be so much faster with a US recent college grad.

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This is the executive/board "go-to" in difficult economic times.

Logos Stick said:

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Owlagdad said:

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...... And we are letting in thousands at our southern border....where they gonna work?

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Let's see...

They have a warm bed, hot meals, cell phones and clothing all for free.

They are rich compared to where they came from. Why work?

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Don't forget health care!

Ags4DaWin said:

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Most of the jobs lost will be DEI and useless jobs held by woke feminists

Hopefully the correction forces alot of companies to cut back on their useless DEI programs that bring in no money and are solely for "nice feelings".

The companies that don't will struggle unless the US taxpayer bails them out...

Again

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Yeah right. Companies will use this as an excuse to get rid of more white men go boost their DEI numbers up further. That's way more important than retaining your top talent to try and boost profits.

Throw in the insane inflation that's hitting the wallets of everyone, no way 2024 is not going to suck. The Fed will cut interest rates to bolster Dem's chances in election but that's just going to exacerbate inflation.