The Great 2022 and Beyond Recession Thread

#402
#402
norrislakevol said:
With more interest rate hikes to come. This will be a snowball effect. Get ready to see hundreds of millions in bailouts from the feds, because you know......"too big to fail".
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This is playing out exactly like 2009.

How bout this beaut:

There’s no systemic meltdown coming this time around, because there hasn’t been the same level of lending excesses and because many of the biggest banks pulled back from mortgages after the financial crisis.
 
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#403
#403
norrislakevol said:
With more interest rate hikes to come. This will be a snowball effect. Get ready to see hundreds of millions in bailouts from the feds, because you know......"too big to fail".
Click to expand...

Based on what was reported Thursday, it looks like there will only be a 50bps hike instead of 75bps. The Fed is thinking there is lag in their numbers.

No **** morans. There was lag in your inflation numbers as well. Should have increased rates 25-50 bps starting in Q2 2021 for each quarter until now. That way you don’t shock the market.
 
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#404
#404
Fun coupon VOL said:
Based on what was reported Thursday, it looks like there will only be a 50bps hike instead of 75bps. The Fed is thinking there is lag in their numbers.

No **** morans. There was lag in your inflation numbers as well. Should have increased rates 25-50 bps starting in Q2 2021 for each quarter until now. That way you don’t shock the market.
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Right. This is shaping up to be just like a Mexican stand off. They are increasing interest rates to curb inflation. Meanwhile, they are going to bankrupt some very large institutions. They'll never let them fail, they will spend hundreds of billions to bail them out.....aaaaaaand printing more money will add to inflation. A very dangerous game they are playing.
 
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#405
#405
norrislakevol said:
Right. This is shaping up to be just like a Mexican stand off. They are increasing interest rates to curb inflation. Meanwhile, they are going to bankrupt some very large institutions. They'll never let them fail, they will spend hundreds of billions to bail them out.....aaaaaaand printing more money will add to inflation. A very dangerous game they are playing.
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Shouldn't the interest rate pretty much be at the inflation rate,,maybe minus acceptable 3-4% inflation?
If accurate, then it will take 6-8 more Quarters at 50 bps to be where they need to be.

Just think...our purchasing power just took Trillions of dollars haircut. and prices will never go back down.
 
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#408
#408
Orangeburst said:
Shouldn't the interest rate pretty much be at the inflation rate,,maybe minus acceptable 3-4% inflation?
If accurate, then it will take 6-8 more Quarters at 50 bps to be where they need to be.

Just think...our purchasing power just took Trillions of dollars haircut. and prices will never go back down.
Click to expand...

The system doesn't have an infinite lifespan, everyday gets a little closer to the end. Interest rates can't be allowed to go up for too long as the whole engine would stop. The federal government wouldn't even be able to service the interest. The whole budget would be interest payments at some point. Corporations won't be able to refinance lower which is where all the juice was coming from for 40 years.

Whether we are talking financial or geopolitical, we seem to be heading to reset.

The gig appears to be up on many fronts.
 
#409
#409
LSU-SIU said:
The system doesn't have an infinite lifespan, everyday gets a little closer to the end. Interest rates can't be allowed to go up for too long as the whole engine would stop. The federal government wouldn't even be able to service the interest. The whole budget would be interest payments at some point. Corporations won't be able to refinance lower which is where all the juice was coming from for 40 years.

Whether we are talking financial or geopolitical, we seem to be heading to reset.

The gig appears to be up on many fronts.
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Corporate debt is an elephant in the room that a lot aren't talking about.
 
#413
#413
85SugarVol said:
Yes, they are.
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Hearing thru the grape vine that my old company is still hiring but they’re being a lot more selective and not just checking for a pulse anymore. But this isn’t a new thing on engineers tech companies are always hiring engineers these days. Last state of the union I heard in June before retirement they stated out line that even with aggressive hiring net tech employee head count was still declining due to retirees and quitting.
 
#415
#415
NorthDallas40 said:
Hearing thru the grape vine that my old company is still hiring but they’re being a lot more selective and not just checking for a pulse anymore. But this isn’t a new thing on engineers tech companies are always hiring engineers these days. Last state of the union I heard in June before retirement they stated out line that even with aggressive hiring net tech employee head count was still declining due to retirees and quitting.
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Hiring has slowed considerably.
 
#417
#417
NorthDallas40 said:
Hearing thru the grape vine that my old company is still hiring but they’re being a lot more selective and not just checking for a pulse anymore. But this isn’t a new thing on engineers tech companies are always hiring engineers these days. Last state of the union I heard in June before retirement they stated out line that even with aggressive hiring net tech employee head count was still declining due to retirees and quitting.
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If your company was anything like mine, they made a conscientious effort to not hire anyone for nearly 20 years other than a few to keep their "minority" tech staff numbers up. Now that everyone that was hired in the normal hiring days has jumped or soon will, they're royally F'ed.
 
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#418
#418
VolStrom said:
If your company was anything like mine, they made a conscientious effort to not hire anyone for nearly 20 years other than a few to keep their "minority" tech staff numbers up. Now that everyone that was hired in the normal hiring days has jumped or soon will, they're royally F'ed.
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My singular group alone had a couple of hundred engineers easy. Our site easily employees 1500-2000 engineers if all disciplines. They’re always hiring qualified candidates even in lean times. Always have. It’s just been the last couple of years the number of applicants were considerably less than the number of openings. There was serious talk at some point on removing the requirement of a BSxE degree on some engineering positions which went over like a turd I’m the punch bowl to all of the engineering groups as they informed talent acquisition (the new fancy name for hiring HR) that they had no interest in non degreed engineers.
 
#419
#419
NorthDallas40 said:
My singular group alone had a couple of hundred engineers easy. Our site easily employees 1500-2000 engineers if all disciplines. They’re always hiring qualified candidates even in lean times. Always have. It’s just been the last couple of years the number of applicants were considerably less than the number of openings. There was serious talk at some point on removing the requirement of a BSxE degree on some engineering positions which went over like a turd I’m the punch bowl to all of the engineering groups as they informed talent acquisition (the new fancy name for hiring HR) that they had no interest in non degreed engineers.
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Wow, 1500-2000 engineers in one place must have been a government operation. When I started working, we had about 200 engineers across all disciplines, but most were EE's or ME's. By the time I retired, we had at most 50 engineers, and about half of them were worthless idiots and kids looking to move on, leaving the work to old timers and contractors.
 
#421
#421
VolStrom said:
Wow, 1500-2000 engineers in one place must have been a government operation. When I started working, we had about 200 engineers across all disciplines, but most were EE's or ME's. By the time I retired, we had at most 50 engineers, and about half of them were worthless idiots and kids looking to move on, leaving the work to old timers and contractors.
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The site I worked at has grown in recent years with consolidation of other sites into there. The factory runs 24/7 and you have ops engineers keeping that humming along. Then you have us design weenies as well as a bunch of other disciplines to support the whole product life cycle.

But yeah remember DoD contractor… inefficiency is expected and actually rewarded 😂
 
#423
#423
NorthDallas40 said:
The site I worked at has grown in recent years with consolidation of other sites into there. The factory runs 24/7 and you have ops engineers keeping that humming along. Then you have us design weenies as well as a bunch of other disciplines to support the whole product life cycle.

But yeah remember DoD contractor… inefficiency is expected and actually rewarded 😂
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Back in my early days, I recall my boss thanking coworkers for spending a lot of money because that determined next year's budget. By the time I left, the department manager had to approve every single dime of spending, down to a battery ordered from the storeroom. When I got questioned about a purchase, I would just say, okay, don't approve it then.
 
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