Sounds like an example of the market distortion caused by the FED pumping cash into the equity (and other) markets. Bad (zombies) companies need to die to prevent further damage (like this) and free resources for productive use.
I finally heard a simple explanation of "quantitative easing". QE is simply monetizing the deficit, i.e. the FED "prints" new currency to cover the deficit. -----Original Message----- From: Mercedes On Behalf Of Jim Cathey via Mercedes Sent: Tuesday, July 20, 2021 9:55 AM To: Mercedes Discussion List <mercedes@okiebenz.com> Cc: Jim Cathey <jim.cathey...@gmail.com> Subject: Re: [MBZ] It's hitting the fan Our company was bought, and really _was_ a valuable acquisition in that our products, added to their line, were highly successful. Yet, there were multiple layoffs. We were continually told that we were valued by corporate, and not to worry. That is, until they decided to close the office (what remained of our original company) altogether and move all support to India. (Useless, as we'd 'trained' them several times, but nobody stayed there long enough to remember/retain the training. All real fixes were still done by us.) _Our_ engineering staff was, IMHO, world-class. India's was just.... world market. This is the same company that had decided to 'save' money by moving our extensive (and expensive) test lab, housed in an _owned_ building, from eastern WA to silicon valley --- where space, labor, and power (significant) are _so_ much cheaper! They got rid of the building altogether, basically giving it away, and moved the remaining engineering staff to rented space. Fools. A (very) few were offered work-from-home status, including me. I decided that if I was going to work from home, a _different_ offer I had on the table, in a different industry, was far better. A nice family-run business instead of lying corporate asshats. Screw them. Now I work for a theme park rather than the telecomm industry. Good luck, you'll probably need it. -- Jim _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
