Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

Post by yourapostasy » Fri, Oct 21, 2022, 4:27 PM UTC

toomuchtodo wrote: post #32

enw wrote: post #31

Earlier quoted context omitted.

What about assets? At least if the asset prices go up you can recoup.

Asset prices go down when interest rates go up. Equities, real estate, even bonds (refer to bond funds getting decimated over the last year). Safe havens are cash or paying down debt with an interest rate over inflation. (not investing advice, educational purposes only)

Post by nly » Fri, Oct 21, 2022, 6:47 PM UTC

meltyness wrote: post #36

015a wrote: post #28

Its 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…

That or fluffing up hedge funds looking to exit bearish positions where Mr. Bezos may or may not have some of his massive wealth parked. At some point the only way to continue growth is to buy a 24 hour news outlet and start letting the air out of everyone else's tires. Ask Microsoft.

Post by nly » Fri, Oct 21, 2022, 6:52 PM UTC

bigyikes wrote: post #4

I’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.

Post by bamboozled » Fri, Oct 21, 2022, 9:25 PM UTC

dylan604 wrote: post #90

bamboozled wrote: post #75

Earlier quoted context omitted.

Currently working for a US company but living abroad and getting paid in a local currency, which is getting hammered compared to the USD. This has had a weird side effect in that I've become a lot cheaper to hire recently. I was told this has made us the least likely to get laid off and we've avoided it so far. Many people I know who are getting paid in USD have been rubbing it in quite hard lately, honestly I'm happ…

For a couple of years now, I've been threatening to live abroad while still remotely working for US companies and getting paid in USD. Taking the digital nomad show international so to speak. You could move around to your advantage where the USD is strong. I have one attachment that is keeping from doing it, otherwise, I'd be typing this comment from a beach on the other side of the globe.

Post by dylan604 » Fri, Oct 21, 2022, 10:23 PM UTC

bamboozled wrote: post #97

dylan604 wrote: post #90

Earlier quoted context omitted.

For a couple of years now, I've been threatening to live abroad while still remotely working for US companies and getting paid in USD. Taking the digital nomad show international so to speak. You could move around to your advantage where the USD is strong. I have one attachment that is keeping from doing it, otherwise, I'd be typing this comment from a beach on the other side of the globe.

That's good for you, but the company who is paying you in USD isn't getting you cheaper. In my situation it makes better economical sense to keep my employed over someone getting paid in USD.