Comment Re: POP! (Score 2) 56
If only. The markets can remain irrational far longer than you might think.
Especially so because official government economic statatistics have been cooked harder than a 4am gas station hot dog since about 2022
If only. The markets can remain irrational far longer than you might think.
Especially so because official government economic statatistics have been cooked harder than a 4am gas station hot dog since about 2022
Doesn't this place the business at the mercy of the shareholder's whims?
Lol hell no. Most shares are owned by ETF indexes. The way the ETF managers vote determines the outcome, and that outcome can be arranged with a bit of bribery.
Now you know wh most public companies are run by incompetant tumors in suits who don't give a damn about the shareholder. They've been tokenized away from any sort of relevance.
Trump put us there.
The war is speeding it up, but the market has been sucking wind since 2023, it's just sucking harder now.
Same pattern as the other recessions I've lived through. First R&D (aka software engineers, etc) gets steady cuts with whatever lie makes the Wall Street cocaine cowboys bonkers hard (Covid over-hiring, AI advances, etc). Then it spreads to the broader economy. Then they throw in the towel and stop lying about the state of the economy when their pet stock market starts melting down, so they have an excuse to fire up the money printer.
"One lawyer can steal more than a hundred men with guns." -- The Godfather