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Jeff Bezos says we are heading towards recession and to hold off on big purchases

JUB

JUB

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I thought this was interesting that on the news I saw Jeff Bezos will be giving away most of his fortune to charity He gave Dolly Parton foundation 100 million. He also said in his interview you should save your money because we are going into a recession and to hold off on big purchases. I'm pretty shocked the CEO of Amazon would ever say this but hey I'll take it. Meanwhile then I saw another news story that said he was laying off 10,000 workers. If you want to give your money away to charity why not keep the workers and not lay them off? However I am glad he is going money to charity.
 
JUB said:
I thought this was interesting that on the news I saw Jeff Bezos will be giving away most of his fortune to charity He gave Dolly Parton foundation 100 million. He also said in his interview you should save your money because we are going into a recession and to hold off on big purchases. I'm pretty shocked the CEO of Amazon would ever say this but hey I'll take it. Meanwhile then I saw another news story that said he was laying off 10,000 workers. If you want to give your money away to charity why not keep the workers and not lay them off? However I am glad he is going money to charity.
Click to expand...
Everybody has been expecting a great recession for months now. I wonder if it's self fulfilling prophecy at this point or not.
 
Inflation is at a 40-year-high.
Corporate profits are at a historic 70-year-high.
The wealth gap is the highest it has been since 1928, the year before the stock market crash and great depression.

Do you think there might be a connection?
 
Jeff Bezos could stick his dick halfway into a chicken, write "AMAZON SUCKS GO ELSEWHERE" on it, take a picture of it and post it on billboards across the world and he'd still have enough money and power to live ten million extravagant lives but bless his heart for looking out for us all.
 
JUB said:
If you want to give your money away to charity why not keep the workers and not lay them off? However I am glad he is going money to charity.
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He donates to charity to offset his personal tax liability
 
^True, but he could have donated to any charity, but he didn't. Parton's particularly helps the poor, as opposed to giving it to the Met or the Getty.
 
Somebody explain to me, like I'm slow, how some of these charities have existed since last century and have received hundreds of millions in donations but the problems they're supposed to fix are still problems. :confused:

Is the obvious answer the right one, that these charities are mostly performative and done for tax writeoffs?
 
fabulouslyghetto said:
Somebody explain to me, like I'm slow, how some of these charities have existed since last century and have received hundreds of millions in donations but the problems they're supposed to fix are still problems. :confused:

Is the obvious answer the right one, that these charities are mostly performative and done for tax writeoffs?
Click to expand...

^ What charities are you talking about? Do you mean the Red Cross, Heart Association, American Cancer Society, Juvenile Diabetes Research Foundation, UNICEF, Trevor Project, Human Rights Campaign, even ACLU and NAACP are charities, dozens more? They all help the afflicted or work for advancement. It is obvious, from who they are, why they are still needed. Not sure what you mean or to what charities you are referring.
 
And Crypto is one of the things that will trigger the next recession, because of unregulated companies like FTX.

thehill.com

House committee announces hearing into FTX collapse featuring Bankman-Fried

The House Financial Services Committee will hold a hearing next month to investigate the collapse of top crypto exchange FTX, lawmakers announced Wednesday. Reps. Maxine Waters (D-Calif.) and Patri…
thehill.com thehill.com
 
In this interview, the analyst doesn't see a flow through into the rest of the financial system....but all the way up to the day that Lehman and the other financial institutions went bankrupt, no one was anticipating that collapse either.

The recession will come when the big boys with bets on both sides decide that they want to re-set....letting all the Main Street investors take the losses while they cash out on their hedged positions....and then to be able to buy everything they don't already own at fire sale prices.

www.vox.com

Welcome to the crypto ice age

The implosion of the crypto exchange FTX will likely set the industry back years.
www.vox.com www.vox.com
 
NotHardUp1 said:
^True, but he could have donated to any charity, but he didn't. Parton's particularly helps the poor, as opposed to giving it to the Met or the Getty.
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Which would be donating to help the poor of spirit... any way you want to make sense of that.
 
Before finding out I could order photocopies mailed from the BNF, I recently went desperate for a purchase through Amazon (around sixteen years or so after I made my last one, back when it was considered a bookshop), because the book was not listed for sale anywhere else: I am not sure exactly the rationale behind accepting an order you have to cancel afterwards because you can not deliver for reasons you will not share with your client... besides the fact of finding the other items supposedly available, having suddenly appeared a couple of days after your order, then misteriously, suddenly being all off a couple of days before receiving the cancellation notice.

As for the bigger picture supposedly being the main topic of this thread, I never thought of the current big ones as being the big ones of the next decades... and I do not mean just that they would disappear as we know them today.
 
^ The rats are kicking people off the boat... should be obvious enough, despite its lack of concreteness.
 
unloadonme said:
Fuck that. With prices going up at 11%, I'm making any necessary large purchases now before they cost me even more.
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For all the shit coming up/down?

TP1500x844-scaled-e1585835954941.jpg
 
fabulouslyghetto said:
Somebody explain to me, like I'm slow, how some of these charities have existed since last century and have received hundreds of millions in donations but the problems they're supposed to fix are still problems. :confused:

Is the obvious answer the right one, that these charities are mostly performative and done for tax writeoffs?
Click to expand...
Charities are supposed to help. They have no power to fix. It's like expecting religion to fix sin.

JUB said:
I thought this was interesting that on the news I saw Jeff Bezos will be giving away most of his fortune to charity He gave Dolly Parton foundation 100 million. He also said in his interview you should save your money because we are going into a recession and to hold off on big purchases. I'm pretty shocked the CEO of Amazon would ever say this but hey I'll take it. Meanwhile then I saw another news story that said he was laying off 10,000 workers. If you want to give your money away to charity why not keep the workers and not lay them off? However I am glad he is going money to charity.
Click to expand...
Bezos isn't actually in charge. He turned over the reins to a new CEO. Jeff's title is "Executive Chair", not to be confused with the executive chairs that Amazon offers on their website from prices ranging from $72 to $1,349. I wonder if a $1,349 office chair is considered a "big purchase"?

The layoffs are supposedly from their "devices" division which is Alexa and the like. Alexa is nothing but trouble. Good riddance.


NotHardUp1 said:
^True, but he could have donated to any charity, but he didn't. Parton's particularly helps the poor, as opposed to giving it to the Met or the Getty.
Click to expand...
If only it were enough atonement for all of the businesses that Amazon has crushed along the way. Speaking of sin...
 
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