The pbgc it's supposed to guarantee that money for 30 years as long as they agree to stay in critical and declining status.That bailout won’t last as long as they thought.
The pbgc it's supposed to guarantee that money for 30 years as long as they agree to stay in critical and declining status.That bailout won’t last as long as they thought.
At least we don't have mean tweets and orange man in office.A poll just came out, 35% think we’re heading to another Great Depression
Most every earnings report pointed at wage inflation as a leading cause for future misses. Wages just haven't kept up with the cost of goods.Not everyone is fortunate to get a raise.
And if you give everybody at 8:00 or 10% wage increase it's going to keep escalating.Most every earnings report pointed at wage inflation as a leading cause for future misses. Wages just haven't kept up with the cost of goods.
That's capitalism. Charge as much as you can for your labor as possible. Our employment numbers are at 65 year highs. The employee has the power right now. Nothing like a good recession to reset the scales.And if you give everybody at 8:00 or 10% wage increase it's going to keep escalating.
When a recession hits people will get laid off.That's capitalism. Charge as much as you can for your labor as possible. Our employment numbers are at 65 year highs. The employee has the power right now. Nothing like a good recession to reset the scales.
I agree, but the opportunity was also lost in 2018. Hindsight being 20/20, had the Fed stuck to it's guns in 2018/19 and raised rates and started QT, they could have reversed course in 2020 instead of sending everyone cash. In 2020 the Fed was trying to bail a sinking ship with a teaspoon. Two plus trillion in spending and another 700 billion in subsidies were the only bullets left at the time.When a recession hits people will get laid off.
Then it will have a downward spiral the other way because nobody will have any money to buy anything.
The fed's messed up big time last year by not slightly boosting the rates and slowing down the bond purchases.
Now they don't have any tools to work withI agree, but the opportunity was also lost in 2018. Hindsight being 20/20, had the Fed stuck to it's guns in 2018/19 and raised rates and started QT, they could have reversed course in 2020 instead of sending everyone cash. In 2020 the Fed was trying to bail a sinking ship with a teaspoon. Two plus trillion in spending and another 700 billion in subsidies were the only bullets left at the time.
That's the reason Powell and the other Governors decided this was the time to raise rates and trim the balance sheet. They determined based on employment numbers, CSI and business strength that this was the time to act.
They should have done that last yearThat's the reason Powell and the other Governors decided this was the time to raise rates and trim the balance sheet. They determined based on employment numbers, CSI and business strength that this was the time to act.
They could reverse course right now. Drop the rates, buy more debt and kick the can some more.Now they don't have any tools to work with
And put us into hyperinflation?They could reverse course right now. Drop the rates, buy more debt and kick the can some more.
As a business owner, I have more flexibility when capital is a fixed cost. Companies not knowing how many rates hikes and how big each will be stresses their free cash flow and sends panic through the system. I think hyperinflation becomes an issue if we raise too fast or too often. Maintain a raise and monitor pace until the desired outcome is achieved. IMOAnd put us into hyperinflation?
There are no more fixed costs. Look at the price of fuel utilities and paying your employees not counting the increases in your inventory pricesAs a business owner, I have more flexibility when capital is a fixed cost. Companies not knowing how many rates hikes and how big each will be stresses their free cash flow and sends panic through the system. I think hyperinflation becomes an issue if we raise too fast or too often. Maintain a raise and monitor pace until the desired outcome is achieved. IMO
Most companies, large and small contract most of their costs. We get 90 to 120 day billing on most account payable line items. This allows us to eat some of the costs when we've under budgeted. We do the same for some of our clients. They prepay when profits allow and run on credit when business dictates.There are no more fixed costs. Look at the price of fuel utilities and paying your employees not counting the increases in your inventory prices
Oh I see lots of my business customers slowing down because their customers can't afford the jobs right now at the inflated pricesMost companies, large and small contract most of their costs. We get 90 to 120 day billing on most account payable line items. This allows us to eat some of the costs when we've under budgeted. We do the same for some of our clients. They prepay when profits allow and run on credit when business dictates.
I just read a few weeks ago that they’re figuring more like 12 years, unless Congress fixes it.The pbgc it's supposed to guarantee that money for 30 years as long as they agree to stay in critical and declining status.
Maybe I'll be there in 12 yearsI just read a few weeks ago that they’re figuring more like 12 years, unless Congress fixes it.
The bitch is way over her head. Total fool.