Always ask: what is in it for him to say this.
He’s not saying it to earn less money.
Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
51–60 of 105 posts
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#52Its 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 ha…
Are you suggesting that Bezos believes growing competitors will voluntarily stop growing because he recommends they do so? I don’t buy it.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#53I’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.
Ally saving account rates are > 2%. You are not "losing money" in that your total account value is going up, but your purchasing power is going down as it's lower than inflation.
Why do that when treasuries are over 4% and exempt from state income tax?
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#54Earlier quoted context omitted.
> 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.
Wages are not rising as fast as prices unfortunately
They’re still rising faster than any investment asset class, so inequality is shrinking.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#55Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#56Earlier quoted context omitted.
Is it increasing equality, or is it just making everyone poorer while preserving relative inequality?
It makes you poorer and increases inequality.
If assets held by the wealthy fall in value and wages increase, that decreases inequality, and everyone is getting poorer in real terms because inflation sucks.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#57> 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
Their severity can be lessened however by not printing utterly outrageous amounts of money in the upturns.
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#58Always ask: what is in it for him to say this.
Yes it's a good question, what's in it for anybody who proffers an economic analysis or prediction?
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#59Earlier quoted context omitted.
Ally saving account rates are > 2%. You are not "losing money" in that your total account value is going up, but your purchasing power is going down as it's lower than inflation.
If only Ally allowed non-citizens and non-Green Card holders to open accounts. I've got my emergency fund in Robin Hood. They pay 3% on cash in the brokerage account.
and in exchange all they ask is that you don't expect FDIC insurance
Re: Amazon's Jeff Bezos in economy warning: 'Batten down hatches'
#60Earlier quoted context omitted.
per year*
You can also get your US tax refund in I-bonds, up to a max. that's separate from the $10K purchase max.
You can buy I-bonds up to $5k with tax refund.