251–260 of 877 posts
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Alphabet just reported a 13% increase in revenue for Q1.
The lion's share of the pandemic closures have been in Q2 so this seems either irrelevant or disingenuous.
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Metrics like that would be a lot more directly meaningful, but the problem is they're impossible to measure. How would you find out what the average purchasing power is on a day-to-day basis?
On a day to day basis it would be hard but I think a lot of long term policies could be modified for this goal.
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Literally no one anywhere wants central planning, no one wants America to be anything like Venezuela, these are fevered fantasies of uninformed minds, so feel free to put these lines to bed permanently.
I understand that the economy and the market are different but I'm so confused. The S&P is up ~12% this month, despite massive unemployment, a shrinking economy, and serious long-term questions about the outlook. Is most of the 12% just market speculation that the virus issue will pass without a long-term earnings hit?
It is a bet on the continued support of the market by the Fed. If you're interested in preserving purchasing power 15 years from now, would you rather hold dollars or things today? As a value investor, all of my theses were blown out of the water by the unprecedented Fed intervention. It is an environment in which the fundamentals are uncertain. I'm standing pat and waiting for things to make sense before moving agai…
Now a month later, my initial instincts don't seem so wrong anymore: My portfolio is doing fine... All I missed out on was a bunch of theoretical day trading gains.
(Too bad the things that really matter, like my friends that run local businesses, and everyone's mental health, haven't fared as well)
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We can print more money right. Money isn't real. Death and this virus are. How about we just take care of those who need taking care of during this disaster. How about we put all national efforts to keep the lights on, providing safe housing and keeping the food supply chains intact. Instead we are worried about corporate quarterly profits and when the Ruby Tuesday can reopen, because somehow serving burgers for $3/h…
So taking care of those who need an income to keep their house is calling them "idiot, stupid MAGA, selfish, moron" on Twitter or in the media in general? Please read the comment you're replying to. I don't see anything contradicting the points you're making.
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I suspect the downvotes are due to a lack of critical engagement. Even the Holodomor link offers a litany of reasons that aren't just "socialism," and we've been interfering in Venezuela for decades, not limited to: harsh sanctions, coup attempts, cutting off access to foreign markets, blocking access to its own funds stored outside the country, and so on. In addition to all the hoarding of food and medicine inside t…
This is anecdotal and it might come across as bitter and tonedeaf as someone who is not in a STEM job and cant see the bigger picture very well. Im a diesel engine tech who repairs those big trucks carrying food and shit tickets to grocery stores. the fact that ANY market is completely detached from whats actually happening to Americans is frustrating. My job just cut benefits and hours but we're "essential." Remembe…
Startups are having massive layoffs right now, and each week bring companies further and further down the chain lay people off. I strongly suspect we'll see more major layoffs next week.
Most big tech companies are driven by either consumer spending and advertising. Before 2008 at lot of these companies still had not capture their full market share, so even in a recession there was room for growth. Now profits in these companies are based on market dominance. Even the big names will likely take a hit as the severity of this recession starts to take hold.
Finally in the Bay Area there's the looming problem that huge amounts of everything is paid for in RSUs (restricted stock units). The more ridiculous those total compensation packages may seem to outsiders the more they are built up from RSUs. In theory you should just live off base salary and RSU are the (very thick) icing on the cake, but this is unrealistic in SV. This stock part of the compensation goes a long way to paying for the insane housing in that region. Stocks drop and instantly Bay area income does to.
Tech will be effected, but a combination of naiveté and denial make conversations here seem like tech is safe.
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> No school means poor kids roam the street like packs of feral dogs asking for money for food around here. I think this is possibly the single biggest long term problem we're going to face as a result of all this. Economic recessions will come and go. But missing 5/8ths of a school year is going to be absolutely devastating for this generation of kids. They will be left permanently behind without a serious concerted…
There was some discussion of aspects of this yesterday and there have been a few articles. The general consensus is that kids who have good home environments and have at least some interest in learning will mostly do fine. Some may even do better than normal. But kids in poor home situations who were already barely scraping by--if that--will basically lose the year and everything that implies. In some areas, double-d…
If any school district cares, all the kids will essentially end up repeating a grade. This is not the end of the world. If anything, it might improve student achievement. (Students who are born right after the cutoff for a particular elementary school class, in aggregate, outperform the ones born just before, the youngest in the class.)
Outside of college-bound seniors — a special case — the main price is their time, same as anyone else, and their caregivers' time.
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we dont know that
Until everyone in the supply chain from mining to customers have free movement, which means 80% or more of the world have some sort of immunity (Either from opening everything up or vaccines) our economy will be depressed. This will be many many quarters from now. Even if today China said don't care that would be 6 months at least. And they are only part of the supply chain. What don't we know?
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Alphabet just reported a 13% increase in revenue for Q1.
Q2 will be very different.
At the moment, the stock prices of health care are up +5%, consumer staples +6.5%, and information technology +8.5%. Energy is down -50%, consumer discretionary -27%, and financials -22%. Due to this, the composition of the S&P500 has dramatically changed, most of its underlying capital is now in higher priced assets in the former list, rather than the lower priced assets in the latter list. Because the S&P500 is a capitalization-weighted index, the total market value reflects this.
Honestly this is all just a giant advertisement for investing in index funds.