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re: The Great Recession of March 3,2025

Posted on 3/5/25 at 11:51 am to
Posted by Tigerfan1274
Member since May 2019
4453 posts
Posted on 3/5/25 at 11:51 am to
quote:

There are no 50 year old boomers.


Correct. 50-year-olds are Gen Xers. the youngest baby boomers were born in 1964.
Posted by el Gaucho
He/They
Member since Dec 2010
58517 posts
Posted on 3/5/25 at 12:20 pm to
quote:

Then you have the occurances of firing people and then having to re-hire them. Case in point, the employees that support nuclear weapons

Sorry but those people deserve to be fired because nobody should get to have a cool job that i have to pay for


I bet the janitors at the nuke place make like 200k


All these feds are complaining about losing their dream jobs, they should put on their brown sack cloth robe and get down in the mud with us tax payers and realize that there’s no such thing as a dream job and all work should be miserable. I’m glad Trump is shutting down the adult day care known as the federal government
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148436 posts
Posted on 3/5/25 at 12:54 pm to
quote:

The NY Times reported

quote:

CharlieTiger

Posted by CharlieTiger
ATL
Member since Jun 2014
935 posts
Posted on 3/5/25 at 1:08 pm to
Laugh all you want, but DOGE removed and corrected many of these claims after the reporting was done.

It's been incredibly rushed and sloppy so far. If you're going to do it, do it right.
Posted by el Gaucho
He/They
Member since Dec 2010
58517 posts
Posted on 3/5/25 at 1:22 pm to
quote:

It's been incredibly rushed and sloppy so far.

Almost like the government


Except the government is slow and sloppy
Posted by Teddy Ruxpin
Member since Oct 2006
40597 posts
Posted on 3/5/25 at 1:31 pm to
quote:

Then you have the occurances of firing people and then having to re-hire them. Case in point, the employees that support nuclear weapons


Pretty standard operating procedure for cost cutting, though, you'd obviously like certain areas to get a bit of a scalpel approach.
Posted by CharlieTiger
ATL
Member since Jun 2014
935 posts
Posted on 3/5/25 at 1:48 pm to
quote:

Pretty standard operating procedure for cost cutting


Cutting jobs sure, but not cutting jobs you don't even realize are critical.

Again, in any actual well run company, these people would likely have been fired for these types of missteps. My stakeholders would be after my head for sloppy reporting and firing people when I don't even know what they do and what they're needed for.
Posted by Jason9782003
Member since Aug 2007
3724 posts
Posted on 3/5/25 at 2:12 pm to
Looks like the Great Recession is over
Posted by NoMercy
Member since Feb 2007
4688 posts
Posted on 3/5/25 at 2:19 pm to
Quickest and greatest of recessions around here folks. We only have the best of recessions.
Posted by Mushroom1968
Member since Jun 2023
5308 posts
Posted on 3/5/25 at 2:37 pm to
quote:

Laugh all you want


Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
46136 posts
Posted on 3/5/25 at 3:03 pm to
I wouldn’t be celebrating just yet
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25000 posts
Posted on 3/5/25 at 3:06 pm to
quote:

I wouldn’t be celebrating just yet


I am still down $67,000 from 2/15, not over yet.
Posted by Teddy Ruxpin
Member since Oct 2006
40597 posts
Posted on 3/5/25 at 3:47 pm to
How do you define "critical?"

This is Elon's (and I assume other owners as well) method. They theorize if you didn't cut someone that has to be rehired, you left meat on the bone, and the company is worse off over time because of that.

I'm not saying you should run your company this way, I'm not even saying it "works" but you shouldn't tell others it's somehow inherently flawed either.
Posted by Diseasefreeforall
Member since Oct 2012
7210 posts
Posted on 3/5/25 at 4:38 pm to
If there's one saying that's never lost any wisdom, it's "measure twice, cut once".
Posted by NoMercy
Member since Feb 2007
4688 posts
Posted on 3/5/25 at 4:42 pm to
I am not celebrating as much as I mocking the doom and gloom over reaction since the market paused going straight up and the end of the world was here. We are 24 hours into end of the world tariffs and basically the day the tariffs got implemented was a wash if not green. No one should be up every single day in the market. That’s not how it works. A small dip does not mean it’s the end times and all policies are garbage the first day of implementation.
This post was edited on 3/5/25 at 6:10 pm
Posted by el Gaucho
He/They
Member since Dec 2010
58517 posts
Posted on 3/5/25 at 5:05 pm to
It’s been a regular trail of tears at the Jewish Indian casino this week
Posted by Diseasefreeforall
Member since Oct 2012
7210 posts
Posted on 3/5/25 at 6:47 pm to
If anybody's got ideas for puts I'd be interested because I'm not seeing any premiums I really like at the moment.
Posted by Bob Sacamano 89
Member since Apr 2023
180 posts
Posted on 3/6/25 at 6:36 am to
Yes Biden had many great ideas. Probably still does. We should as him, oh wait, has anyone seen him???
Posted by corndawg85
MS
Member since Oct 2013
859 posts
Posted on 3/6/25 at 6:52 am to
Could this be the carry trade unwinding?
Posted by bigjoe1
Member since Jan 2024
1493 posts
Posted on 3/6/25 at 7:06 am to
quote:

Could this be the carry trade unwinding?


Do you mean the yen vs dollar denominated assets? I think that got unwound months ago. Remember that 800 pt. drop in Aug? That was the catalyst.
I think uncertainty over tariffs, a weaking economy, massive budget deficit and a report last night from the CBO telling Congress the budget propsal they want isn't possible without Medicaid and Medicare cuts. Throw in rotation out of AI and you got headwinds.
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