IB offer letters — Goldman return to office — Volatility-trader talent war

Discussion in 'Wall St. News' started by ajacobson, May 9, 2021.

  1. Arnie

    Arnie

    ESG
    Environmental, Social and Governance
     
    #11     May 10, 2021
  2. newwurldmn

    newwurldmn

    there will always be exceptions in every population.
    Look at the statistics. The demographics are telling.

    People think he may be a doer but executive orders aren’t really doing anything and there was plenty of bs publicity shows under trump. How’s that Foxconn plant in Wisconsin coming along? Or America’s trade deficit with China?
     
    #12     May 10, 2021
  3. Gives me the shudders still today by thinking back at the grind, the devastating feeling of rejections, the overjoy of acceptances, the dream job, the bankruptcy of the entire firm, the success of independence. Fuck me. I went through more applications and job volatility than the average Joe in 10 life times. I won't have the energy to do this all over, luckily I don't need to.

     
    #13     May 10, 2021
    cobco likes this.
  4. JSOP

    JSOP

    That's cuz nobody is co-operating with him. Unfortunately he's again, an outsider to Washington DC and he's not a very savvy politician who is good at playing games. He's a bit of a straight arrow and doesn't really know how to be tactical and sauve. He sees a problem and he tries to tackle it head on. Some of his ideas are not wrong. Biden's signed a whole bunch of executive orders reversing some of Trump's policies but those are more slogans than actual orders but the major policies that Trump has implemented such as the trade policies against China and other countries still haven't been changed much by Biden. All of the tariffs implemented by Trump are still there as well as the tariffs implemented against other countries around the world. Biden is also continuing on Trump's initiatives to end reliance on China and diversifying the supply chains to other countries and at the same time strengthening the American manufacturing sector. Trump has reversed the foreign policy stance and warmed up to Russia a bit. Biden did not change that either in any significant sense.
     
    Last edited: May 10, 2021
    #14     May 10, 2021
  5. newwurldmn

    newwurldmn

    trump was right about China but he ended up with nothing meaningful.

    You voted for a doer who didn’t know how to get things done. Because it was really all about race relations.


     
    #15     May 10, 2021
  6. JSOP

    JSOP

    Well if he didn't do anything, it would've been far worse. We would be owned by China by now. He was the one who forced us to actually look at the trade policies based on this concept of "comparative advantage" and say "Wait a minute, something is not right here. Comparative advantage says that USA is supposed to be still making money by producing and selling something that we are more efficient at producing than the other countries while losing by importing goods/services that we are not as efficient as the other countries, how come we are losing on all fronts?"

    Of course we all know the reason why now. It's because China has turned international trade into an absolute advantage while anchoring on the concept of comparative advantage by imposing extremely high tariffs on the goods/services that it's not as efficient in producing from other countries while exporting massively the goods and services it's relatively more efficient in producing so they end up getting all the money and paying for nothing. And when Trump wanted to even the playing field bit, China had the gull to accuse the USA of begging thy neighbours while they have been begging thy neighbours for years.

    The past 30+ years of the "great economic growth" that China has experienced have all been the result of China begging its neighbours, through unfair tariffs and currency manipulations. China is now the 2nd strongest economy in the world surpassing many of the EU countries, WHY is its currency still only 1/6.65 of the US dollar, 1/7.78 of the euro? It's Trump who has pointed out the root cause of the problem while everybody is still trying to figure out why they are so poor? Is it really because the Chinese are more diligent? No. For all the accusation of Trump having his trade policies base on voodoo economics, it's China that has been practising voodoo economics right from the beginning. It's this voodoo economics that skewed the trade curve that's made China rich, nothing else.
     
    #16     May 10, 2021
  7. JSOP

    JSOP

    China was not built in one day. It took them 30 years begging their neighbours to get rich. You can't expect their 30 years' of work to be undone in 4 years. Trump promised to continue and do better now that he's more experienced but he doesn't have this chance anymore because we decided to let go of the forest for the trees and squabble on the little things and vote in an idiot who has no guts to be original and is just good for putting on shows.

    Well we voted in a doer that everybody is just too petty to co-operate with without realizing there are no any other issues only economic issues. There is no "racism" against Meghan Markle, only she felt she wasn't getting enough for what she was expected to do. Her move back to the United States wasn't for emotional reasons; it was for economic reasons despite all her spectacular "suicidal attempts". LOL

    One of the most valuable lessons if not the most valuable lesson that I learned in my Economics class was that if you dig deep enough into every single war through history and in every single corner of the world, no matter how complicated or "inspiring" the cause may be, at the end of the day, it's all about money, putting food on the table and survival, nothing else. It's a shame that we had somebody who had the right idea and was working towards reaching that goal and we had to get rid of him. You know for all the "Russian connections" that they pestered Trump with throughout his entire term, has anybody bothered to investigate or to even probe the connections that Biden has with China? His son's companies in China? Has anybody bothered to even raise any questions about China's undue influence on US' election? Everybody's all focused on this coronavirus thing and vaccination.
     
    Last edited: May 10, 2021
    #17     May 10, 2021


  8. Dude, you literally have the WORST taste in music I've ever seen in my life, ha. By the way, did you see what GME did today? More of that to come, bud. Never doubt my powers!!! :)
     
    #18     May 10, 2021
  9. Overnight

    Overnight

    Well, that is your problem with music. You don't see music, you hear it. Teehee.

    As for GME, no, I did not look. Did it drop below 140?
     
    #19     May 10, 2021

  10. Well, yea, I meant the whole Avatar thing I guess. :)

    Not below 140, but coming soon. But I bought back 10 shares today. Bought back 10 the other day. So I'm slowly lightening the load. But its going to the basement I can 100% guarantee it.
     
    #20     May 10, 2021