OT 401k

Discussion in 'Blazers OT Forum' started by MickZagger, Dec 29, 2023.

  1. crandc

    crandc Well-Known Member

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    Republicans blocked passage of a border bill that gave them almost everything they wanted because Moscow Mitch did not want to give Biden a win. Definitely not saying the bill would have solved everything but when Republicans refuse to pass anything so Trump can run on border, Biden's options are limited.
     
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  2. Hoopguru

    Hoopguru Well-Known Member

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    I thought you were referring to anything while Joe is in office. My apologies...
     
  3. Phatguysrule

    Phatguysrule Well-Known Member

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    No problem. These are worth having a discussion about, and we have, but I was just hoping to get some actual evidence of these claims by @jonnyboy.
     
  4. HailBlazers

    HailBlazers RipCity

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    I work in staffing/recruitment (10 years) and this is by far the worst employment situation for white collar workers I've experienced. Colleagues with double my years in the industry echo the sentiment.
     
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  5. Phatguysrule

    Phatguysrule Well-Known Member

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    I certainly hear that. My wife has been looking for a step up for a while and it's tough.
     
  6. oldfisherman

    oldfisherman Unicorn Wrangler

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    According to this expert. It does not matter who the president is. The corporate overlords control the stock market, not the president.

    My take, the corporate overlords are controlled by the very large private equity funds. They own so much of a companies stock, they have a seat on the board of directors. And decide who runs the day to day operations of the company, and dictate policy.
     
  7. Phatguysrule

    Phatguysrule Well-Known Member

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    Yep. I would agree with pretty much everything in your post. The corporate overlords and private equity funds are the same.

    With the exception that I don't think I ever said they control the stock market, nor do I believe that. They have, however positioned themselves to profit handsomely regardless of what the stock market does.

    Like Neo. They don't need to dodge those bullets.


    Thanks.
     
  8. oldfisherman

    oldfisherman Unicorn Wrangler

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    Many factors control the stock market. It is believed by many, the #1 factor is interest rates.

    The higher the interest rates, the greater the expense to operate a company, lowering profits.

    Interest rates are the highest they have been in decades. So why are profits higher?

    Inflation. The highest inflation rate in 40 years as allowed companies to raise prices higher than the inflation rate. Generating higher profits.

    I have no idea how or when this cycle ends. But, it maybe a hard landing.

    PS, having trouble typing, forgive any errors.
     
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  9. Phatguysrule

    Phatguysrule Well-Known Member

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    Yep, I don't have disagreements with any of that either.
     

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