Amazon's Jeff Bezos in economy warning: 'Batten down hatches' • Hacker News Board

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

#101

Post by blaser-waffle » Fri, Oct 21, 2022, 11:46 PM UTC

bee_rider wrote: post #43

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…

I'd also imagine that Amazon must be quite exposed to the current mismatch between the US demand and China's supply given their business model (I mean so's all of retail, but Amazon really amps it up to 11).

Retail is getting hammered and a lot of industries have a glut of supply, esp. after COVID threw off global logistics.

Demand went up like crazy for some items, and they went hard manufacturing em, and now that the world is mostly back to normal the demand dropped and inflation is crushing spending.

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

#102

Post by carlivar » Sat, Oct 22, 2022, 2:08 AM UTC

digianarchist wrote: post #96

carlivar wrote: post #53

Earlier quoted context omitted.

Why do that when treasuries are over 4% and exempt from state income tax?

Because they locked in for 3 months* * You can sell early but you might take a hit.

You are thinking of i-bonds. I'm referring to straight up Treasury bills, notes, and bonds.

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

#103

Post by hammock » Sat, Oct 22, 2022, 8:29 PM UTC

MichaelZuo wrote: post #87

voisin wrote: post #54

Earlier quoted context omitted.

They’re still rising faster than any investment asset class, so inequality is shrinking.

That's an interesting way to put it. It does seem possible that a growing economy creates greater differences, as not everyone can succeed to the same degree, whereas a shrinking economy levels the playing field.

It’s the default

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

#104

Post by orev » Sun, Oct 23, 2022, 4:58 PM UTC

nly wrote: post #94

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.

Not switching jobs is probably a mistake... The job market is incredibly tight, so it's the perfect time. Once the layoffs start it'll be harder to find work.

When layoffs start, the lazy companies use a last-in-first-out approach, so switching jobs now likely makes one a higher risk to be laid off.

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

#105

Post by midoridensha » Mon, Oct 24, 2022, 2:07 AM UTC

dukeofdoom wrote: post #85

midoridensha wrote: post #71

Earlier quoted context omitted.

>A new house costs a million This is what you get for having a car-based society with no walkability and so much wasted space. The chickens are coming home to roost and it's time for you to pay the piper.

wouldn't you assume by spreading out it costs less to build since more land can be used for building. the increase is actually exponentially more land... pie r squared.

No, because not all land is desirable. You can save money by moving 500km away to an uninhabited place, but now you have a full-day commute in each direction, so you can't go to work any more. How is that useful? People live close together because there's physical benefits to doing so, and the more you spread out, the more travel time increases. And because of the 2-dimensional nature of roads, you get a greater-than-linear increase in travel times as the city expands because of gridlock.

You're also assuming there's lots of land in places that people want to live. There's plenty of empty land in the frozen tundra, but no one in their right mind wants to live in places like that. The places that have nice weather where people like to live also happen to be the places that are best for growing food.