Wednesday Forum: June 3, 2020

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2,029 Responses to Wednesday Forum: June 3, 2020

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  1. Infidel Tiger King

    If Trump wins the Dow is going to 50,000.

  2. Now JC

    Compare the after tax disposable income of folks back then, as well as imputed taxation on their goods.

    We’ve also got a potentially worse problem, we subsidise the wrong type of food (starch, sugar) at the expense of proteins & fats and we also incentivise people to have generational welfare dependence.

    At least Gin Alley was cheap and did not suffer Australian levels of excise tax.

    (Also – we tax housing as though it is a sin tax – utter bloody madness).

  3. Tel

    They’ve thrown the kitchen sink at Trump and now this.

    I’ve often said we are victims of our own success, a little bit of adversity is a healthy thing.

    Subject any people to an easy life and they will fall apart … this is why government handouts do so much damage.

  4. Hi all,

    I have a friend who wants to do an MBA, I’ve tried to talk him out of it and to no avail.

    I did ask around and I did hear of one success story.

    But really, “buy an MBA from us and we’ll tell you god’s secrets and you can work at McKinsey”

    Hmm. Sounds like the Xenu religion, the MBA is the final 80k AUD donation you need to be totally “clear”.

  5. JC

    I don’t know if they are real but these job numbers must be making the Dems sick.

    Of course they’re real. A real as they were when they were going down.

    The web is great. As an original, deep thinking person I am I still get the occasional idea from the web. An economist made a presentation arguing the shape of the return would be straight up at 90 degree angle. he examined the economic return of places in the US devastated by acts of God. The places dramatically recover.

  6. Tel

    I have a friend who wants to do an MBA, I’ve tried to talk him out of it and to no avail.

    Talk him into at least doing it in the USA where they have some idea about how management operates.

    Even Singapore if he wants to be closer at home … Australia is a great place for some things, but as a rule our management class is terrible.

  7. Top Ender

    Is it true anyone posting on the Cat at 12 midnight turns to st……

  8. stackja

    Democrats have tried many times to get Trump. Less than five months to go. Can Biden last another month? Or does MSM keep pretending Biden is credible? USA voters will decide. Of course, Democrats hope to have more “voters” but Electoral College votes the problem again. HRC “won” and lost.

  9. stackja

    TE – Time will tell.

  10. JC

    Trump needs to do something here. Wait so a month or so and then make a delicate speech where he very nearly makes an apology to the punters (but not quite) without actually really apologizing by implying he’s learnt a lot and could be softer at times if only the Demonics gave him an inch of room. If he just showed the tiny bit of humility just once for the punters he’d carry 60 states.

    Something along the lines of…

    You know maybe I shouldn’t have tweeted Morning Joe killed the office girl back in 93 and should be investigated even though I think he should. I’ve learned a lot over the past couple of months.

  11. JC

    I have a friend who wants to do an MBA, I’ve tried to talk him out of it and to no avail.

    My kid’s doing one next year starting in January now. I’ve said here before that I’m treating it as a form of dowry hoping she meets the right dude so she then gets really started and makes some kids. Depends how you look at it.

  12. Nursing school is finishing school for ambitious women, marriage is retirement for women.

    Women have options, men have options too. Men can work or go to gaol.

  13. Infidel Tiger King

    Name one job on earth that needs an MBA?

  14. *Needed for C-suite….”

    Yeah in Sydney. Total flakes!

  15. JC

    Now JC

    Compare the after tax disposable income of folks back then, as well as imputed taxation on their goods.

    We’ve also got a potentially worse problem, we subsidise the wrong type of food (starch, sugar) at the expense of proteins & fats and we also incentivise people to have generational welfare dependence.

    At least Gin Alley was cheap and did not suffer Australian levels of excise tax.

    (Also – we tax housing as though it is a sin tax – utter bloody madness).

    Sure, but all the things you point out are examples of the decadence of big government. Libertarians have been arguing this for ever and yet we get the big government types here saying how evil libertarians are.

    The point is that our productive capacity in the present day is one of abundance in a relative sense.

    Just think, we had a toilet paper panic a few months ago. They didn’t have toilet paper in the early 1800s. Imagine living in those hellish conditions.

    Paper became widely available in the 15th century, but in the Western world, modern commercially available toilet paper didn’t originate until 1857, when Joseph Gayetty of New York marketed a “Medicated Paper, for the Water-Closet,” sold in packages of 500 sheets for 50 cents.

    Multiply the cost (50 cents) x 83 times. Toilet paper cost ~40 bucks a roll then.

  16. JC

    Name one job on earth that needs an MBA?

    Consulting.

  17. Tel

    Men can work or go to gaol.

    Come on … think outside the box … recently looting has been showing a lot of upside (this is not financial advice!!)

    Yesterday there was discussion of that porn knobbler with the magic toad dust … he had options! Was that yesterday? I’ve lost track … my COVID hair is like Justin Trudeau … hey wait a moment there’s an option … be a good looking chancer who pretends to get into causes … that gets you right away from the concept of work.

  18. Fisky

    We MUST get m0nty over here at once!

    m0nster, do you believe that BLM protests are exempt from social distancing and the threat of COVID-19?? Yes or no?

    Answer at once, doughboy, and no fudging!

  19. NoFixedAddress

    Infidel Tiger King
    #3475892, posted on June 6, 2020 at 12:12 am

    Name one job on earth that needs an MBA?

    Master Brewing Artisan

  20. The one good story I heard of was going to the more expensive MBA shops here and going from finance to consulting; 80k to 90 k in a year, then 110k then 180k then working for a client for over 280k.

    Something like that. Under 3/4 years maybe?

    The bloke probably made more as a trader though.

    The advantage he got was networking. Let’s be honest, the finance grad with decent maths and IT skills would be better than an MBA as an employee.

    Let’s be blunt: it’s a social proof of IQ. It’s like r/iamverysmart was not ironic.

  21. Tel

    The advantage he got was networking. Let’s be honest, the finance grad with decent maths and IT skills would be better than an MBA as an employee.

    Yeah obviously the MBA is planning to be the employer.

  22. JC

    Frank

    Have you ever tried a sample GMAT test. Getting a decent score is hard. A decent score may not show raw intelligence, but it could indicate aptitude and that’s what corps generally look for. If you’re a minority from a top school, every large corp is looking to hire you and bid you up. That’s wacism.

    No kidding, if you graduate from a great school in the US and you’re black, the world is at your feet.

  23. Bruce in WA

    Normans take it up the arse.

    My heritage is Viking –> Norman –> English.

    Don’t make me angry. You wouldn’t like it when I’m angry.

  24. JC

    That little fag (Drudge) has shown the bottom header for 48 hours now with different versions.

    FORTRESS 1600
    TRUMP ISOLATED
    FORMER CHIEF OF STAFF CALLS ‘NASTY’ AND ‘CONFUSED’

    He deserves a decent hiding.

  25. JC

    Barrons

    This is how bad virtue signaling has been and will become. Get used to it.

    Companies Must Disclose Racial Diversity and Pay Equity, Calvert Funds Says

    Calvert Research & Management, a prominent sustainable-investing shop owned by Eaton Vance, will call for companies to “accurately assess their racial diversity” and make it public, provide pay equity disclosure across race and gender, and ask companies to publicly state what they are doing to combat racism and police brutality.

    As the nation grappled with civil unrest in the aftermath of the Memorial Day death of George Floyd while in Minneapolis police custody, John Streur, Calvert’s CEO, wrote in a blog post Tuesday: “Ending racism in America is a responsibility of corporations, and corporations must recognize that their current efforts to promote their core values, and diversity and inclusion programs, fall far short of what is needed today.”

    In addition, Streur said that racism “is an ESG problem. Responsible investors have come to trust environmental, social and governance (ESG) research and investment strategies to avoid investing in corporations that are lagging on taking needed action to address human rights violations and to take real action to drive needed change.”

    Calvert, as it engages with companies it invests in, will ask them to provide information about racial diversity and pay-equity disclosure. In addition, it will ask companies to “make clear to local, state and federal governments that they must address police brutality against blacks; companies enjoy the benefits of law enforcement and must act to assure that police forces behave responsibly. Obviously, failures are occurring and must be addressed.”

    Companies “should publicly state what they are doing to combat racism and police brutality,” Streur said, as well as “take action to address systemic failures in our education system.”

    Investors need this information to see what companies are accomplishing through diversity and inclusion efforts, he said.

    There is a strong business case for gender, ethnic, and cultural diversity in corporate leadership, according to a recent McKinsey study. The most diverse companies outperform less diverse peers on profitability. Companies in the top quartile for gender diversity on executive teams were 25% more likely to have above-average profitability than companies in the fourth quartile. The findings were equally compelling in the case of ethnic and cultural diversity.

    ESG investing is one of the fastest-growing corners of asset management, with inflows into ESG exchange-traded funds accounting for 28% of total equity ETF inflows year to date, according to DataTrek. In addition, 80% of all ESG ETF inflows over the past three years have occurred in 2020.

    “The ESG theme has certainly found its stride and recent events mean there’s still plenty of runway to go,” DataTrek wrote today in a newsletter to investors.

  26. Ƶĩppʯ (ȊꞪꞨV)

    Ridiculous. The Chicoms must be holding WHO staff families captive somewhere. How did WHO even consider TCM as a valid inclusion in the ICD?

    ah aldi you’ve done it again

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