Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Grim Warning to America: Jobs Have Completely Stopped Hiring" video.

  1. You forgot allegedly. No determination has been made yet.
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  2. No; they can't because the game has to appear fair. A quick recession won't change the fact that the asset wealthy have almost a complete monopoly on wealth. Anyone who relies on a job to get by is vulnerable, and the end game is winner takes all. And if people no longer believe they can win, they will stop playing the game. That's why work participation rates are falling year on year. And why they ration education. It's not a meritocracy at all. Rich kids do fine, whether they're bright or not. Just wait until AI is really ready for opening night. And employers jump on the band wagon.
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  3. Jeff is speaking as a big perspective macreconomist. From that perspective, it's churn. But as a human being, he understands your question really well, but as his knowledge is his only asset, and as he can't rewrite the rules of the game, he's sticking to that. And I can't blame him for that. I dunno if you watched Succession, but there's a quote from Season 1 that has stayed with me. And it's something like, "America was created as a factory to turn suffering into gold." Historically, that is absolutely correct for the 16th Century, where Europe began colonising the world. And the American Dream was erected over bones of who suffered to create its foundation. But despite everything, the suffering of new people and new generations over time, always seeped into its fabric. The Dream was just that. A dream, not a guarantee, or a social contract. And that's a bitter pill to swallow. But it might be good medicine nevertheless. Why? Perhaps a stakeholder democracy might be better than one based on a failing meritocracy. One where we ensure everyone has the basics and if you make more you can keep as much as is possible. We support each other and we try not to be divided. We look after our communities, where we live and work, and we don't tolerate throwing each other under the bus,and we take money out of politics. But hey, that just might be a dream itself. But we don't know until we try.
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  4. No; a mere recession won't change the distribution of asset wealth in the US economy, or any economy for that matter. That's what is wrecking the game. It's like playing Monopoly when one player owns all the highest valued properties on that side of the board all full of hotels. It's inevitable that they will bankrupt the other players in time. And that's exactly what has been happening over nearly 5 decades or so. Why? For the very same reason asset bubbles like house prices and the stock market keep on growing despite the fundamentals not supporting the valuations. The asset wealthy are competing against each other, because the asset-limited middle class, and the assetless working class can't pay those inflated prices. In a situation like that, in time the asset wealthy will own everything.
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  5. Perhaps you shouldha'e bought an ETF that you didn't understand the underlying asset. A clue is in the name of the ETF - iShares 20+ treasuries. Do you understand how long-term treasuries provide a profit and to whom? Certainly not retail buyers, because they trade over the short-term and at most the medium term. Long-term treasuries - those whose maturity is 10 years or more - is for institutional lenders who use them to structure their long-term liabilities, like insurance companies, pension funds, and mutual funds, or long maturity trust funds. You as a retail investor, have shown in all your posts in this channel no knowledge of this. That's why $61bn went into TLT just last week. And it's not retail buyers going into TLT. And you show no knowledge of that. So, I suspect your client is at fault. You know nothing about the asset. You don't even understand the trading patterns, which are for an asset that will payoff over years down the line. That's why you're claiming fraud, when you, a mere pawn in the middle, are just following orders, right? Mr Van Metre's business has only one complaint, and an investigation takes 6 months, and he's still trading. No-one has shut his business down to date. I suggest you tell your client to wait until the decision has been made on their claim. If he has proof, and it's credible, then he will get his compensation. Until then, he innocent until proven guilty. Happy Holidays!
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  6. It's the Beveridge Curve.
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  7. Yeah, but Lord Beveridge stayed sober long enough to layout the plan for the British Welfare State after World War II, as well as devise the Beveridge Curve macroeconomic tool. A different generation or what?
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  8. Perhaps he's not interested in anything you have to say?
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