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The revival of [The Economy] (thread) and the potential for its coming collapse
Posts
Lampert is just openly and self-awarely Objectivist.
On the positive side, my retirement fund is totally eating shit!
Am I doing this right? It doesn't feel like I'm doing this right.
Eh shares of whatever funds you are invested in will become cheaper and thus you will buy more of them per paycheck and hopefully realize larger gains down the line.
The market eating shit is really largely a problem for those close to retirement and looking to liquidate stocks in the short term.
Come Overwatch with meeeee
Silly SiG. Real capitalists never pay any capital gains tax.
He's also been selling off the various sub-brands Sears owns to... himself...
to pay off debts that Sears owes... to his firm...
Wait...like he sold off Craftsman to Stanley for cash to pay towards his own debt? Can you cite this?
So, you know, I'm not -thrilled- about the markets going into the shitter. And I do not see Trump or Xi backing down, Trump because he's too dumb to know better, Xi because he can weather the storm.
But with Best Buy, I don’t have to worry about fake stuff (huge problem on Amazon because of how they mingle inventory). I can make returns in store. The rewards program is decent. And I if I’m trying it out in person, I’ll buy it then and there even if it’s a few bucks more.
His separate, Hedge Fund has given loans to Sears Holding and the proposed restructuring would benefit that Hedge Fund for completely innocent reasons.
https://www.bloomberg.com/news/articles/2018-09-27/lampert-s-sears-plan-would-hand-lampert-s-hedge-fund-1-billion
And yes. He was going to sell himself Kenmore.
https://www.cnbc.com/amp/2018/08/17/sears-stock-falls-to-record-low-as-ceos-hedge-fund-eyes-kenmore.html
Not sure if that actually happened before the bankruptcy filing.
What fake stuff on Amazon?
more on it:
http://prospect.org/article/how-sears-was-gutted-its-own-ceo
Amazon is flooded with counterfeit goods in some categories. My own experience is primarily with SD cards, lithium-ion batteries, and board games, but I'm sure others have other examples ready at hand. Whether the counterfeits are entirely or mostly limited to third-party sellers is a huge matter of dispute: there are certainly plenty of claims on BoardGameGeek's forums of people who bought games sold by Amazon themselves and still received knock-off copies.
Loooooots of fake reviews and stuff on Amazon
I won't buy anything expensive unless there's a decent standalone site too
You are putting a lot of words in my mouth that I don't believe and didn't say, my dude.
Reply All has an episode about this here.
There's also completely fake sellers on Amazon, where they don't actually exist other than as a way to take money and hope people don't bother getting refunded. (I hit this buying something from a seller that had just showed up a couple of days earlier, which was a rookie move, I guess -- I got my money back because Amazon is good for that, but every single other review of that seller was "never sent my stuff". Any seller that's just shown up very recently is potentially not real like this).
Apple actually sued Amazon while back because up to 90% of the iPhone chargers sold there were fakes
Yup some stuff like TV's and monitors it is nice having a place you can actually go and directly see them. And bestbuy has good local service options and the price is about the same so it generally just makes sense to go to them for things like TV/appliances and what not.
Plus not fussing with shipping for smaller things. When something breaks and you need a replacement the same day, or something.
3DS: 0473-8507-2652
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even then it's not foolproof (but it is easier to get your money back)
This is why if I'm buying anything on Amazon from a company I don't already know, I always use Fakespot to see if the reviews are all crap.
never heard of it!
Because all that 'fullfilled by Amazon' means is that it ships from an Amazon warehouse instead of direct from the seller and that stock is... provided by seller.
the posting market is very volatile and we could well see a 15 to 20 percent decrease in posts by 2pm est!
But Mr. Trump could easily tweet out something that causes a 500% spike, so now is certainly not the time to hedge.
https://www.cnn.com/2018/10/30/investing/ge-dividend-cut-earnings-culp/index.html
That seems ominous.
Jeff Immelt tried to grow GE post 2008 through acquisitions and spent tens of billions buying companies in both Oil and Gas markets and Power markets. He bet big on both oil rising above $70 a barrel and continued global expansion of coal power plants, and lost so badly that he was ousted last year for John Flannery. John did such a bad job that he was barely in the role for a year before also being ousted.
GE last year merged their Oil and Gas division with Baker Hughes to form Baker Hughes, a GE Company. They are in the process of spinning off this division, along with the usual loading up of debt and extraction of cash. GE Capital is still suffering from their losses in The Great Depression.
I work for GE and can tell you it's not getting any better any time soon. The bought the company I worked for and then built a new $100MM+ facility to consolidate four of the products into a single factory mostly to break up the unions, and the loss of talent and drive to low pay has been killing all four of the products. The turnover is incredibly high and is driven from the top down, with executives averaging 1.5 years in a position. There's no consistent direction other than "make more money" which is more dream than plan.