271–280 of 371 posts
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For the longest time their strategy was to: 1. Issue bonds at near zero or even negative yield. 2. Buy US bonds. The country is still one of the largest foreign US debt holders at $1.191T, and interest from this debt pays for a significant fraction of the interest on their own debt.
I don't understand. Why would anyone buy their bonds when the US bonds yield more?
Before people praise them (a bit late for that I guess given the current comments), Nintendo seems to pay quite poorly their employees in the first place, as you can see from the salaries on https://www.levels.fyi/en-gb/companies/nintendo/salaries/sof... for a company that has a stash of cash and is as successful as they are.
100k for entry level roles at one of the most recognizable brands of the world doesn’t seem too bad to me. Then again, I’ve never been to the Seattle/Washington area.
Annualized inflation this year (in the USA) is 10%. I heard Japan is worse. So they only get a 5% pay cut instead of a 15% pay cut? Hooray.
Source? I think that's about 2-2.5x the figure that everyone else is using.
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As a kid, I always wondered why prices HAVE to keep going up. Seemed like a vicious cycle.
I thought the same, too. Generally some small amount of inflation is preferable to encourage spending, rather than deflation which discourages it. If you know a $100 item will probably cost $102 later then you're more likely to buy it now. But if that item will cost $98 in a deflationary environment, then maybe you'll wait to buy it later. Wages also tend to fall in deflation, which makes it harder to pay back debt,…
And debts adjust their rates along with inflation/deflation so that effect ends up much smaller.
As for houses and cars, we desperately need to make the economy less focused on the value of houses and cars...
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People forget that prices don't rise automatically. Businesses decide to raise prices. There isn't some magical force called inflation cuasing prices to go up. It's human decision-making all the way down.
Human decisions but usually with external factors: increasing costs, pressure to grow, etc. If they could get away with raising price just because they feel like it they would do it earlier and more often.
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People forget that prices don't rise automatically. Businesses decide to raise prices. There isn't some magical force called inflation cuasing prices to go up. It's human decision-making all the way down.
Have you ever run a business?
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> Where do you draw the line You can own a house and support a family of 5 on a single income and retire at 65. Where I live that is only really possible for SWE, lawyers, doctors, and execs.
You're welcome to move to one of the many, many places in the US where it's still possible.
I recently heard that a trip to Popeye's for a family of 3 recently cost $68 in Florida. In Japan, there's a big issue when a snack raises its price 2 cents (3 yen - source: https://finance.yahoo.com/news/japanese-snack-company-apolog... ) The country for better or worse seems to be frozen in time - salaries have not caught up with the heady levels of SV (or even Europe) but neither have rents or prices for common go…
Just checked online.
8pc family meal of spicy white meat with large mash potatoes and gravy, one sweet tea, one purple lemonade, one chilled premium mango lemonade
=
$41.05
@ 1501 NW 20th St, Miami, FL 33142
Bring-your-own-liquids = $30.38
Either ordering at the counter is criminally expensive, or you were listening to someone who wanted to spend $68 at Popeye's in Florida so they could complain about spending $68 at Popeye's in Florida.
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The issuer of debt is the seller of the bond.
That doesn't the answer the question of "who is buying these bonds instead of US Treasuries?"