Meta and Salesforce are looking to re-hire some workers they just laid off

Re:Meta and Salesforce are looking to re-hire some workers t... by MilStdJunkie on Monday September 25, 2023 @01:48PM (#37647809)

Financialization. The capability to create "today money" from "tomorrow money" at extremely low levels of perceived risk. Sometimes we dip our webbed flippers into the idea of negative risk, with predictable - but extremely today-dollar-rific - results.

Offtopic, but this magical money-generation capability is commonly perceived as a standin for any value-generation capability, from aerodynamics to materials science. Go wander the C-Suite of a major aerospace firm and count the engineering degrees, then go back and count the MBAs. It's every bit as absurd as late-stage Soviet Russia injecting "Socialism" into fields like fluid dynamics.

If this disagrees with anyone's ideology, I preemptively apologize. Go ahead and throw stuff at the monitor.

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Re:Meta and Salesforce are looking to re-hire some workers t... by throwaway19423 on Tuesday September 26, 2023 @09:55AM (#37659372)

I missed out on the property boom at a personal level because I was not taught the value of debt. So I get your point. We didn't purchase a home because it always seemed like a bubble that simply could not inflate further. All the while, property prices went up, up and up. (referring to Canadian housing)

So mistake made, lesson learned. In a world where money is expensive (fed rate sets the lowerbound), where are the opportunities?

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Re:Meta and Salesforce are looking to re-hire some workers t... by MilStdJunkie on Wednesday September 27, 2023 @01:35PM (#37678164)

I am not an investing genius or even a decent layman - I am prone to episodes of terrible personal injury - but the obvious answer seems to be "destroy the future, short the present".

Here's a trick, though: if you don't believe in the future, how do you cash out of the present, or out of anything? Now we move into the shadow realm of metaphor and ideology. This has been a pretty big deal since at least 1972, and more urgently since 2008, when all kinds of super-weird-ass money tricks were spawned.

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