Scholarship table
Google usury and Christianity. It was a sin until it was conveniently not a sin.Like a lot of things
Just saw this interesting (and seemingly contradictory) note:A new report by SoFi reveals that despite positive economic indicators and the Federal Reserve's stance, two-thirds of investors believe the U.S. is already in a recession. However, optimism towards the markets remains high, with three-quarters of investors being bullish on their current market outlook.
Goldman Sachs says the Fed will start lowering rates again in Q2 2024, serving as stimulus to the market.https://seekingalpha.com/news/4002183-goldman-now-expects-first-fed-rate-cut-in-second-quarter-2024I have no idea what GS's track record is on predicting such moves, so caveat emptor.
towerCheap labor is the least of their problems. Zombie companies, crazy debt a major real estate bubble likely to pop again are the issues they need to address. Their banking system is facing serious headwinds.
Teal wasn't necessary on that one, tower.
Consumers still buying like crazy, more rate raises in our future.I'm starting to second guess keeping these tech companies in my portfolio. They're early-stage enough growth companies that they're still dependent on debt raises for growth. Way too late to sell them now, I'm going to have to continue weathering this storm.Edit: I'm still buying the full US market with my money, I'm holding very little cash like normal. Just funny watching tech companies get hammered by rate raises.
I think the situation in China is a potentially serious risk to the global economy.
BurrowIt all depends on how much pain people can handle. My belief the pain may be more than people could handle. Onshoring is not going to happen in a big way, IMO. If it did, the cost of goods would make the inflation of the past couple of years look like a walk in the park. That being said, India is going to prove to be a real competitor to China on the manufacturing front over the next few years.
Yep, manufacturing rotation out of China to Africa & S Asia started in earnest during the pandemic (for the companies I was working with).
Which tech companies do you own, Ska?My biggest two are MSFT and AAPL, positions I've held (and built upon) for years. In the last few years I've added GOOGL, AMZN, TSLA and ADBE. Also MA, V and ADP if one considers those tech. Also have a little LRCX in the grandkids' college fund. I did dabble with some "disruptors" when I got a little FOMO in 2021; that didn't turn out well and I bailed when the losses were only small, thankfully. Trying to stay in my lane, which is mostly boring, blue-chip, dividend-growing companies with a handful of large-cap growth thrown in.