Gobig666
voted
US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
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Gobig666
voted
ColumnsBullish or Bearish?
$Bitcoin(BTC.CC$
Bitcoin has been stuck in a massive range with swings as low as $28,800 up to as high as about $71,000. Currently the price is approaching this long term range’s support level it has not dropped below since the beginning of 2021. If you were bullish on BTC then this support level might be a good place to enter. If you were bearish on BTC then you might want to wait to see if this level gets broken before entering into any short positions on bitcoin relat...
Bitcoin has been stuck in a massive range with swings as low as $28,800 up to as high as about $71,000. Currently the price is approaching this long term range’s support level it has not dropped below since the beginning of 2021. If you were bullish on BTC then this support level might be a good place to enter. If you were bearish on BTC then you might want to wait to see if this level gets broken before entering into any short positions on bitcoin relat...
+1
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Gobig666
commented on
Dear mooers,
Apple's Q2 2022 Earnings Conference call is to be released on April 28 afterhours! As the world's most valuable publicly-traded company, its earnings update is important for investors to check.
IOS devices are boosted on the return to work and reopening of the U.S. economy. While we are now moving to a post-Covid-19 pandemic recovery era, the supply chain constraint could be a vital factor to consider....
Apple's Q2 2022 Earnings Conference call is to be released on April 28 afterhours! As the world's most valuable publicly-traded company, its earnings update is important for investors to check.
IOS devices are boosted on the return to work and reopening of the U.S. economy. While we are now moving to a post-Covid-19 pandemic recovery era, the supply chain constraint could be a vital factor to consider....
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Gobig666
liked
$Peloton Interactive(PTON.US$
Peloton's Q1 results were decidedly lackluster, missing key points like revenue, margins, losses and cash flow, and slashing its annual outlook, which means management told investors that the company would not do well for the entire 2022 fiscal year. The U.S. stock market is more focused on expectations than a-shares. It also caused Peloton to sell off more than 30% after hours. On the other hand, Peloton's fundamentals haven't changed much, and it's expected to be profitable in FY2023, so the 30% panic sell-off after the bell was a bit excessive. Another reason Q1 missed expectations was that the company's previous guidance was too high, which led to a major deviation. The sharp reduction in guidance also means that management is more cautious after learning lessons, but also a responsibility to investors, a one-time fall in place is better than a slow overcast fall.
Peloton's Q1 results were decidedly lackluster, missing key points like revenue, margins, losses and cash flow, and slashing its annual outlook, which means management told investors that the company would not do well for the entire 2022 fiscal year. The U.S. stock market is more focused on expectations than a-shares. It also caused Peloton to sell off more than 30% after hours. On the other hand, Peloton's fundamentals haven't changed much, and it's expected to be profitable in FY2023, so the 30% panic sell-off after the bell was a bit excessive. Another reason Q1 missed expectations was that the company's previous guidance was too high, which led to a major deviation. The sharp reduction in guidance also means that management is more cautious after learning lessons, but also a responsibility to investors, a one-time fall in place is better than a slow overcast fall.
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