Always ask: what is in it for him to say this.
Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
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Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#22Maybe I’m just lucky, but I’ve been reading a lot more about how we’re headed into a recession (since March 2020) than I’ve actually been feeling it, or even seeing it. I’m starting to think people just want one. “It’s not my failure, it’s the economy!”
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#23How do individuals/families batten down the hatches, wrt investments?
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#24I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.
> When there is no winning move That is the interesting thing, yes all assets are falling in value, but wages are rising. Its bringing back equality after years where hoarding assets was a great move.
Is it increasing equality, or is it just making everyone poorer while preserving relative inequality?
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#25> Growth in the US has already contracted for two quarters in a row, a milestone that in many countries - though not the US - is considered a recession. this again :lol:
all recessions are inevitable. It's a feature of the business cycle for a trough-shaped period of time to occur. https://en.wikipedia.org/wiki/Business_cycle
Ray Dalio does a great video on it too: https://www.youtube.com/watch?v=PHe0bXAIuk0
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#26Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#27Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#28Its important to note that every leader of a strong company has a financial interest in saying this, regardless of its validity. Growing companies need to "leave the hatches open" (so to speak) to, well, continue to grow; hire, attract talent, invest, raise pay, etc; which is exactly what strong companies don't want them to do. They benefit from pushing the narrative that the times are tough, from the privilege of having hatches to batten, because it hurts competitors, and lowers attrition even in the face of reduced pay raises.
I'm not asserting that the economy will be fine and dandy over the next six to twelve months; just that you can't trust a word these snakes say. After all; isn't it strange that Amazon aims to add more seasonal operations jobs to account for the holiday surge this year, than they did last year? [1] [2]
[1] https://www.retailtouchpoints.com/topics/store-operations/wo...
[2] https://www.retailbrew.com/stories/2021/09/20/breaking-amazo...