Scholarship table
Zaslav is an ass. Remove him and the company has a chance to turn it around.
Personally, I am more concerned about the chance of a recession now than I was back when Dimon and a slew of others were calling it. I just think the Fed has continued to raise rates for too long and the full effects are still working their way into the economy.
Just read today that credit card debt topped $1 trillion for the first time and hardship withdrawals from 401k's is up 36% over a year ago. These are both troubling reports, and sadly, shows how fragile the economy is and what may have been driving the economy over the past year, IMO. I know I am in minority on here, but I firmly believe that this economy has been very fragile since the start of the pandemic and needs to be watched closely. I will add, since it seems like I am the only on here that thinks the economy is currently in a dangerous spot, that I more concerned than I was a year ago on the economy.
No inflation...nothin' ta cee heer, aina?
You can view the credit card debt in several different lenses....consumer spending fuels the economy, so from a macro perspective, there are positives (obviously from a personal finance perspective it is not a good thing). $1 trillion is a big number but inflation adjusted, is it really that much higher than other recent time periods?The 401k stat is much more concerning, and is surprising given how low unemployment is. Why are people with jobs pulling from their 401k for hardships? That one puzzles me a bit.
Another thing no one here said.
Yeah I'm starting to lose the thread on the popular understanding of when profiteering is a feature and when its a bug. Like, we don't have anyone price gouging on bottles of water in a disaster or anything like that right now. So barring monopolistic activity or price fixing, shouldn't everyone be charging as much for whatever they're selling as they can?
Nah, right from the horse's mouth, hey?#GodsavetheQueen
PakuniOk, for some odd reason I thought I was told multiple times that my concern over the economy was unfounded. Glad to hear I was not the only one concerned.
We're doing spectacularly compared to Argentina. Wow....just wow.
+1. To comrade jesmu profiting and profiteering are essentially the same thing.
We're doing spectacularly compared almost all of the rest of the world (but yeah, Argentina is a cluskerunnatural carnal knowledge). But I reiterate my recent concerns that the Fed is overshooting and risking reversing that.
Argentina should be an economic powerhouse. What a terribly sad history there.