PeasPorgeHot retweeted
I think it’s awesome that people raised $200k for Walt, the Red Baron worker who was harassed by a dumb prankster.
But what nobody’s talking about is how his company was sold to a Korean conglomerate — which then cut pay, gutted benefits, and forced unpaid mandatory overtime.
Check in on your forever positive people
🚨 AMERICANS ARE GETTING POORER WHILE THE FED IS ABOUT TO MAKE THEIR LIFE MORE HARD.
US data released today:
• PCE inflation rose to 3.6% in September, up from 3.4%
• Prices rose 0.5% in one month, up from 0.3% in August
• Core PCE inflation rose to 3.1%, up from 3.0%
• Incomes grew only 0.2% in September
• GDP grew 3.4% in Q3, above the 3.2% expected
Incomes grew 0.2% while prices rose 0.5%, so after inflation, Americans' incomes fell in September.
Inflation is moving further from the Fed's 2% target while the economy keeps growing.
That is the setup for another rate hike.
Yesterday, the Fed held rates, called the economy "strong" and said it needs "more information." 2 officials already voted for a hike.
Markets now price an 83% chance of a December hike.
A hike means higher costs for mortgages, car loans and credit cards, while incomes are already falling behind prices.
The next big numbers are the October jobs report on November 6 and October CPI on November 10.
Anyone heard the term of ozempic penis or vagina yet ?
Well your about too 🤣 please lose weight through diet and workouts there are about to be so many mental issues cause of these pills
What ever high horse you on well we all go through same process but the cream always rises to the top
Yield is the only target
The US affordability crisis is worsening:
Food prices have surged +34.5% since December 2019, now at their highest level on record.
Rent and grocery prices have risen +33.3% and +30.0%, respectively.
Furthermore, motor vehicle maintenance and repair prices have soared +55.2% over the same period.
Meanwhile, prices for services excluding rent, including medical care, transportation, education, communication, and recreation, have increased +29.2% since December 2019.
As a result, the Consumer Price Index (CPI) has risen +30.4%.
Basic necessities are becoming increasingly unaffordable in the US.
PeasPorgeHot retweeted
Trump: We have a deal with Iran. We don’t have a deal with Iran. We have a deal with Iran. We don’t have a deal with Iran.
Markets:
Bad news bears for the win 🤘
Michael Bloomberg is worth $106 billion. He sat next to Warren Buffett and the CEO of Goldman Sachs and told them exactly who he'd hire.
Not someone from Harvard. Not Yale. Not Princeton.
The kid whose father never existed. Whose mother is a convicted drug dealer. Who worked three shifts at McDonald's to take care of his siblings.
"That's the kind of kid I want. With an ethic of taking care of his family. Because then he'll take care of others."
Bloomberg himself went to Harvard Business School. Class of '66.
He got hired at Salomon Brothers. $9,000 a year. Worked there 15 years. Made partner. Then got fired.
They handed him $10 million for his equity. He showed up to work the next morning. Different building. His own company.
He had two rules for building it.
Don't hire your relative. Don't hire your friend. Unless you absolutely have to.
And one rule for the office: rip down the walls.
No private offices. Not for executives. Not for managers. Not for him.
His desk is the same size as everyone else's.
"I'm not the smartest guy in the room. But nobody's going to outwork me."
Bloomberg LP. 20,000 employees. $15 billion in revenue. Zero private offices.
$106 billion. The man who told Goldman Sachs to stop hiring from the Ivy League.