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michael
Eurodollar University
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Comments by "michael" (@michaeld4861) on "Eurodollar University" channel.
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Announcing $110 billion in new stock buybacks (plus dividends) while also firing tens of thousands of workers is insane. These monopolies are destroying the economy, jacking up prices, destroying jobs and halting innovation.
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Rate cuts aren't going to help anything until we get to the bottom of the rate cuts because why would you take out a big loan right now if you know rates are going to be lower next month? And then lower the month after and lower the month after that. You'd wait until rates bottomed out to take out a loan.
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@kevinherrlin1772 Ah yes, even bigger monopolies, that's the answer.
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That's free-market ideology for ya. Let's give all the money to billionaires and hope they are generous enough to rain jobs and raises down on us.
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The Fed's unemployment numbers are bs anyways. It only counts people literally on unemployment and not actually people that are unemployed looking for a job or unemployed and have given up because there are no jobs. And the jobs numbers don't take into account the quality/pay of a job, no differentiating min wage jobs from full time fair pay jobs.
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