- Joined
- Jan 26, 2013
- Messages
- 1,660
Totally not trying to be disrespectful here, and definitely not trying to get into it with a mod and end up catching a ban.We don't know if he's "rather correct". Not me, not you. We'll see, and what happens will be what it is. These chart readers are all but useless. Everything and anything could happen in the coming months and years. If CFOs are divulging inside information that they intend to further increase prices or continue gouging based on oil futures (or whatever) they are committing a crime just by telling you. So I'm doubting it. But if it's true, by all means, drop it here (or in the financial section) so we can all make money off it. I have a contact high up in wealth management at JPM, and if he hasn't heard of this, I doubt you have. He meets with CFOs of some of the biggest companies in the world. Amazon, Apple, Google, Pfizer, Exxon, nVidia, Chipotle, all sectors.
Could you/he be correct? Sure. But buying will eventually slow. And prices will then come down or if people keep paying it, they may not. As of now, buying has not slowed a bit. But if they don't come down, and these companies continue to price gouge, at least buy stake in the companies so you can cash in along with them. This is the only way to survive end-stage capitalism. Own what the uber rich own, buy what they buy, sell what they sell.
But to attempt to forecast the next 18 months? Nah.
Here’s what I’ll say: your JPM guy should look at what his CEO Jamie is forecasting.
Some of those logos you mentioned are clients of ours, we are a massive company.
(Quick edit: I’m not claiming to have buddy buddy relationships with CFOs divulging me insider secrets. Rather, I manage some massive accounts that procure most of their technology and datacenter space through us. I see how they’re moving cash, allocating funds, pulling back investments, and preparing for a storm, because I work daily with them and their teams).
Money has been far too cheap and easy. Companies have been KPI’d on growth, not profitability. We are seeing massive waves of layoffs hitting previously tech companies, and entire business capitulating to market forces.
There is pressure in the system.
Supply chains are not improving, and on the 9th may the US government announced that some of the largest microprocessor sub-industry operators can no longer sell to China - meaning that there’s no way to test semiconductor quality, forecast and enhance yields, or shorten time to market for electronics. I am deeply committed in this specific part of tech, amongst others.
You will see inflation coupled with these market forces combine to reduce the value of the USD significantly.
For people that have means or stable, good employment, it won’t hurt too much. However, those on fixed income or with previous safe retirement investments will suddenly find themselves insolvent and unable to make ends meet, as costs rise and purchasing power falls.
We will have a poverty crisis, and the government will respond with programs and cash injections powered by a mix of increased debt (further weakening the dollar), cash supply increases (worsening inflation), and raising taxes (causing further financial pressure in the system). Corporations will begin to offshore and outsource as our corporate rates become unpalatable, further hurting employment.
Just the thoughts of one guy, though, I could be totally wrong. I’d love to be wrong, obviously.