Bloomberg Technology
Layoffs Will Be “Shocking” For Technology Sector
Activant Capital Founder and Partner Steve Sarracino joins Emily Chang to talk about the rout in tech stocks. He says millions of tech workers could be laid off within the next couple of years.
Charles Brightman
May 11, 2022 at 11:09 pm
Lessons learned: US FED:
The US Fed has a goal, I repeat ‘goal’, of 2% annual inflation. And this is on top of all the 2%’s that came before it, which turns out to be an exponential amount of inflation over time.
Most people do not have wages and benefits that keep up with the true cost of inflation, which causes many social and economic problems in this nation and in this world. Zero income is sill zero income and zero pay raises are still zero pay raises. This is also a NATIONAL SECURITY item as many nations in the world stop utilizing America’s currency as a reserve currency due to in part America’s currency being weaker in this world. America has less influence in this world, which allows other nations in this world to take the lead.
Higher inflation:
* Obviously higher prices.
* Also at times lower quantity.
* Also at times lower quality.
(And if not lower quantity and/or lower quality, then that much more higher prices).
Many rich people and large corporations have taken America’s wealth and hid it in out of country bank accounts and/or invested that wealth in other nations for various reasons. This has the net effect of basically stealing America’s wealth from America.
Now also, rich people and certain businesses operate on huge debt, and even the US Government operates on huge debt. These entities love higher inflation because it helps to wipe out their debt, as they pay back their debt with currency that is worth less (worthless). Additionally, things like saving’s account’s get next to nothing for ‘normal’ people trying to save money for future expenses. Those that are operating on debt get rewarded and those trying to be more financially responsible are getting punished.
America’s currency system is broken and needs to be fixed.
In part, a law needs to be passed that the US Fed has to have a ‘goal’ of 0% (zero percent) inflation. Sure, this is going to piss off those who game the financial system, but it would help with curing some of societies’ issues as well as strengthening US currency thereby strengthening America’s position in this world as more nations would want to utilize the US Dollar as a reserve currency. Inflation is still going to occur due to various reasons, but we don’t have to automatically have a goal of increasing inflation.
And for any entity that thinks economic inflation is a ‘good’ thing, then you must also be okay with many of life’s social and economic issues as well as a nation becoming weaker in this world as it’s currency eventually loses value in this world.
Charles Brightman
May 12, 2022 at 1:26 am
@Gold Tau The US Dollar that become more ‘worth less’ by the day. (Due to economic inflation).
Maya Maya
May 11, 2022 at 11:20 pm
Felicidades, es un buen ejemplo. 4 sentadillas son unos CUMPUSSYY.Uno muchas y un buen ejercicio. Se deja ver que hay muy buenos resultados 😍👍 Saludos desde la Cd.. de world 🌹😉💖 los mortalesx abian apreciado tan hermosa mujer.k
Googlebanmetoomuch 2
May 11, 2022 at 11:55 pm
America in decline