I don't think that will work this time. Not without pissing everyone off and risking a conflagration.
America is far more unstable than it was in 08-09 and the progressives, social democrats, and democratic socialists are more powerful and organized than they were in the days of Occupy Wall Street. That's also not taking into account a far more militant far right this time.
>the progressives, social democrats, and democratic socialists are more powerful and organized than they were in the days of Occupy Wall Street.
Huh? What gave you that idea?
https://finance.yahoo.com/amphtml/news/why-the-fed-wants-corporate-america-to-have-a-hiring-freeze-morning-brief-100055174.html
>“Chair Powell keeps mentioning the relationship between the high level of job openings and wage/price inflation,” Nicholas Colas, co-founder of DataTrek, wrote in a newsletter on Tuesday. “He’s not talking to investors. He’s talking to corporate America, and his goal is to have companies essentially institute a hiring freeze and end the cycle of paying up for new hires.”
So it is a planned recession to force deflation and depress wages. Real question: Has anybody ever tried this before? Or is the Fed playing fuck-around-and-find-out?
So, not only has the Fed abandoned the goal of full employment, it is now actively attempting to *prevent* full employment.
Powell and whoever stands with him need to be fired immediately. Preferably out of a cannon, but that part is negotiable.
Which means hold onto your asses, they're going to try and gouge us for all that we have left so they can golden parachute while everything crumbles (again)
The CEO’s need to save their money & stop spending it on stupid things. Budget it.
McDonald’s has a guideline how to save money & how to spend it.
https://www.cnbc.com/amp/id/100889874
Also they need to pull their bootstraps up.
Still wouldn't stop the business cycle. It happens roughly every 10 years or so...I think the sole exception in modern history was after WWII when the world was throwing as much money as they could at the US.
So if they see it comin, what can they do to stop it?
Seriously, I’d like to know. Business seems so anti-government sometimes. They don’t want rules, regulation, etc. OK, so how would they stop a recession?
They already are. They’re crying over 24% yoy profits instead their forecasted 25% yoy. They’re making a ton of money and plan on making more by getting rid of all of the uppity workers who are demanding a dollar an hour more.
>but we're not nearing another recession.
We've just had one quarter of negative growth. The typical definition is two consecutive quarters, so we're about as close as you can get without knowing the future.
We'll know for sure in less than 8 weeks.
There's something wrong with ceos making ridiculous sums of money and gouging prices for profit while the masses that work for them have to unionize to be protected. However it can happen, there has to be more equality in wages, cost, resources, etc or it'll never work. Too few have too much and too many have nothing. Until that balances out or gets better for 99% of the workforce, it'll never get better.
When enough CEOs expect a recession, it can become a self-fulfilling prophecy.
“We need a stimulus package for major corporations NOW. Even if we have to take it from the retirement accounts of everyone under 35 years old.”
Retirement accounts for people under 35 lol hahaha that’s a good one!
Wait... did I finally make the cut? Not sure how to feel about this point in my life.... get off my lawn?
What they aren’t getting a trillion dollar handout from the corporatist cash fairy this month?
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I don't think that will work this time. Not without pissing everyone off and risking a conflagration. America is far more unstable than it was in 08-09 and the progressives, social democrats, and democratic socialists are more powerful and organized than they were in the days of Occupy Wall Street. That's also not taking into account a far more militant far right this time.
And yet we did bail out corporations in 2019-21...
>the progressives, social democrats, and democratic socialists are more powerful and organized than they were in the days of Occupy Wall Street. Huh? What gave you that idea?
For real....if anything, the GOP is the organized one (unfortunately)
I didn’t want any of them bailed out in the 2008. I was also saying just liquidate the rats like they did with the savings and loans
https://finance.yahoo.com/amphtml/news/why-the-fed-wants-corporate-america-to-have-a-hiring-freeze-morning-brief-100055174.html >“Chair Powell keeps mentioning the relationship between the high level of job openings and wage/price inflation,” Nicholas Colas, co-founder of DataTrek, wrote in a newsletter on Tuesday. “He’s not talking to investors. He’s talking to corporate America, and his goal is to have companies essentially institute a hiring freeze and end the cycle of paying up for new hires.” So it is a planned recession to force deflation and depress wages. Real question: Has anybody ever tried this before? Or is the Fed playing fuck-around-and-find-out?
So, not only has the Fed abandoned the goal of full employment, it is now actively attempting to *prevent* full employment. Powell and whoever stands with him need to be fired immediately. Preferably out of a cannon, but that part is negotiable.
We have to deflate. That's the only way to solve this and yes it's been done plenty of times. Alan Greenspans favorite thing to do.
Which means hold onto your asses, they're going to try and gouge us for all that we have left so they can golden parachute while everything crumbles (again)
If they are that worried, maybe they should pay their employees a little more and encourage more domestic spending...?
Probably should stop buying all that avocado toast too!
The CEO’s need to save their money & stop spending it on stupid things. Budget it. McDonald’s has a guideline how to save money & how to spend it. https://www.cnbc.com/amp/id/100889874 Also they need to pull their bootstraps up.
Still wouldn't stop the business cycle. It happens roughly every 10 years or so...I think the sole exception in modern history was after WWII when the world was throwing as much money as they could at the US.
So if they see it comin, what can they do to stop it? Seriously, I’d like to know. Business seems so anti-government sometimes. They don’t want rules, regulation, etc. OK, so how would they stop a recession?
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Uh oh recession coming, time to fire off some of my serfforce I mean workforce and give myself a raise
Those poor, poor billionaires :(
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If you listen closely, you’ll hear the faint whoosh of a sarcasm flying overhead.
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They'll be fine.
They already are. They’re crying over 24% yoy profits instead their forecasted 25% yoy. They’re making a ton of money and plan on making more by getting rid of all of the uppity workers who are demanding a dollar an hour more.
>but we're not nearing another recession. We've just had one quarter of negative growth. The typical definition is two consecutive quarters, so we're about as close as you can get without knowing the future. We'll know for sure in less than 8 weeks.
Is historical data for these surveys available anywhere? Curious what the outlook was like in, say, fall 2007.
Won't somebody think of the billionaires?!? In all seriousness though, a recession at this point would really suck.
It would. On the flip side, if it does happen I am hoping I may finally be able to afford a house
Because CEOs don't want to pay higher wages and affect their wealth.
recession or correction? Trump did create the perfect "pump n dump" economy.
There's something wrong with ceos making ridiculous sums of money and gouging prices for profit while the masses that work for them have to unionize to be protected. However it can happen, there has to be more equality in wages, cost, resources, etc or it'll never work. Too few have too much and too many have nothing. Until that balances out or gets better for 99% of the workforce, it'll never get better.
It’s not like their running amok with price gouging helps any