Investing Thread

[Herman Cain]

Zaslav is an ass. Remove him and the company has a chance to turn it around.

Story on Quarterly Earnings. Barbie will kick in next quarter.
https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-streaming-profit-subscribers-cost-savings-debt-1235548582/amp/

[Uncle Rico]

Bad news.  JP Morgan says no recession coming

[TSmith34, Inc.]

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.

[MU82]

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.

I like the contrarian take.

[Coleman]

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.

BGWOAF, BFWOAG

[Herman Cain]

Barbie passes $1Billion worldwide also WBD to offer sports streaming  tier.

https://www.cnbc.com/amp/2023/08/07/warner-bros-discovery-targets-max-streaming-sports-tier-for-october.html

[Goose]

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.

[Pakuni]

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.

Huh?
Virtually everyone believes the economy has been fragile since the start of the pandemic and needs to be watched closely.

[4everwarriors]

No inflation...nothin' ta cee heer, aina?

[Pakuni]

No inflation...nothin' ta cee heer, aina?

Another thing no one here said.

[Coleman]

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.

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.

[MuggsyB]

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.

Because true wages are down when adjusted for inflation?

[4everwarriors]

Another thing no one here said.

Nah, right from the horse's mouth, hey?

#GodsavetheQueen

[Lennys Tap]

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?

+1. To comrade jesmu profiting and profiteering are essentially the same thing.

[BLM4EVA]

Nah, right from the horse's mouth, hey?

#GodsavetheQueen

No inflation, cancer cured, I LOVE BIDENOMICS!!! Gimme more

[Goose]

Pakuni

Ok, 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.

[Skatastrophy]

Pakuni

Ok, 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.

The economy is still overheating. Inflation over the past 1-2 years was higher for longer than you'd like and unemployment is back to being too low. That's why the Fed is raising rates. We're finally getting GDP YoY growth back down to normal levels.

[Pakuni]

Pakuni

Ok, 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.

I recall plenty of discussion and differing opinions on the severity of the economic downturn, the long-term impacts of inflation and the pandemic, the likelihood of recession, the proper response from the government and the Fed, etc.
I recall no one saying "The economy is fine. No need to even pay attention."
If I'm wrong, I'm sure you can dig up the receipts.

[MuggsyB]

We're doing spectacularly compared to Argentina.  Wow....just wow.

[Skatastrophy]

We're doing spectacularly compared to Argentina.  Wow....just wow.

We're doing well vs the field. Check this out if you missed it a couple of days ago - https://www.ft.com/content/088d3368-bb8b-4ff3-9df7-a7680d4d81b2

[TSmith34, Inc.]

We're doing spectacularly compared to Argentina.  Wow....just wow.

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.

[jesmu84]

+1. To comrade jesmu profiting and profiteering are essentially the same thing.

Source?

[jesmu84]

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.

Economy for the bottom 50% is teetering on calamity.

At least the stocks are up!

[MuggsyB]

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. 

[jesmu84]

Argentina should be an economic powerhouse.  What a terribly sad history there.

At least we didn't contribute to that sad history