Can amazon be worth 40% of our national GDP??
- Thread starter S2007S
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Likely the job loss would not be as great as you project. Jobs will be lost, but new jobs will appear. This will result in a shift in jobs from local to online and to manufacturing the apparatus of the "new economy." The main cause of permanent job loss will probably remain automation and greater efficiencies. That is, at least theoretically, a very good thing. But the challenge comes from making it so.
"Capital drives out labor." -- Marx.
Yeppppppp just like the ceos who take no salary or a $1. Its means absolutely nothing when they have hundreds of millions of stock options, i laugh everytime i hear a ceo say they are going to take a dollar salary, its fucking dribble, worthless headlines to make you believe oh wow he's Taking a dollar a year salary meanwhile they are worth hundreds of millions and billions of dollars...literally nothing is plausible with a ceo taking a dollar a year salary.
Probably an answer, by another member :
(isn't directed to you personally)
Yup, fascinating, how each time, different story - same formula + fear, and everyone (majority), slips on the same banana.
Why the Black Swan, - because folks thinks that it's an ugly bird/period in time, and afterwards - it turns out into one of the most beautiful birds & longest runs.
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OP - Nice idea, never thought of it, but, it's like comparing oil with water.
Both liquid - different chemistry tho.
In this case you should compere revenue of AMZN with GDP.
Or AMZN value, with the whole value of US, e.g, the real estate market alone, in US, is $13-$14 B.
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Hey and what do you know....this article came out about an hour ago
Twitter CEO Jack Dorsey made a buck and change last year, same as the year before
Published: April 16, 2020 at 12:06 p.m. ET
https://www.marketwatch.com/story/t...-last-year-same-as-the-year-before-2020-04-16
One of those good old word games, e.g ,,is trading a - gambling ?''
Takes a little less of ego to do that, but it is true, that everyone who is not very rich/ultra rich, could be placed in the category of dumb money.
But then, where would be the rationale, to call yourself like that, willingly, if by cognitive ability you score among 1% of the population. Nothing dumb in that. And maybe, you haven't lost a dime during all of this, or even made some (or a lot).
Games of words, egos & fake genius.
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I just spotted this on Twitter: “friend of mine has a gigantic Wealth Management book at a major GSIB... tells me 3 weeks ago all his biggest clients were in total panic.. all they wanted to know was “is my cash fine” all wanted 2 diversify cash.”
So what do you do with cash when you’re terrified of holding it?
So what do you do with cash when you’re terrified of holding it?
What does it mean between the lines,
- they knew about 2016 peak working as support and were afraid/fomo for it ?
Were they literally afraid of something happening to dollar ?
Or by cash they meant already existing positions, prior to all of this ?