Friend who used to be CIO at massive firm sent me a hot take: higher interest rates give risk free income to (mostly older) investors who buy bonds. They then put that money back into economy via spending of coupon so it’s not all a “cost” to society.
Fair enough but I’d add:
1. This once again disproportionately benefits wealthy older boomer savers already rich from riding stock bull market and housing gravy trains (aka the “luckiest generation”)
2. Hoses younger and/or lower income borrowers who get crushed on interest costs
Most of the current decision makers in group #1
@jimcramer@SquawkStreet Not surprised by the report from @LEVIS... people have been buying what they needed to replace during COVID whatever it cost, not because they could actually afford these goods.
I wonder who is going to buy any goods or services when companies replace all these employees with AI. It is almost as if people have forgotten that you need customers to have a business. Henry Ford realized this years ago, seems many others haven't.
Surprised it took this long for people on @CNBC@HalftimeReport to start talk about weakening consumer. It feels as if we have finally reached the point where no one can afford anything. Not because they are being more careful, but because they are starting to cut necessities.
When a family of 4 has to:
> Both work to afford to live
> Spend 40% of income on rent
> $50,000 on minivan
> $50 at a fast food place
we've got a problem.
I don't blame these folks for wanting a bigger piece of the pie.
Inflation is real and has a real impact on real families.
https://t.co/DNZVZx4HHn
Favorite quote. Those of us in industry working on treatments for any disease know this brutal truth all too well. It’s why we get on our high horse about reproducibility and data quality.
Our GSK Medicinal Chemistry team is excited to attend @AmerChemSociety’s annual conference this week. The conference emphasizes sharing ideas & collaborating to advance scientific and technical knowledge.
For conference details: https://t.co/YMpzjgtQaU.
#GSKChemistry#ACS2021
@AmericanAir How is it possible that a plane that has been in the air for over 5 hours doesn't have a gate to pull into? Perhaps it you leave a little more slack in your schedule, you wouldn't have these problems.
Meet our #MedicinalChemistry team at @EWOC8 next week. The conference emphasizes the importance of supporting & elevating women in #OrganicChemistry.
Join Paul, VP & Global Head of Medicinal Chemistry, at the “Meet the Sponsor” session on 6/24.
Details: https://t.co/t1Fse3lG4p
Signed up for #MARM2021? These networking sessions are not only awesome but are also the perfect chance to make some new connections! Lots of #GSKChemistry folks thrilled to be hosting and we look forward to seeing you too! @mjeffreys18
@AOC@RepGarbarino@NYGovCuomo Grandma in NY turns 94 this month. She can't cook for herself or consistently get out of a bed or chair. Nassau County has approved her for 24/7 care for 90 days but all NY MLTCs say she only gets 6 hours a day of care through Medicaid. HELP!
@GothamChess Would love to see something on how to punish mistakes. I feel like I can identify when people make a mistake in piece placement or a pawn push, but find it tough to exploit those mistakes. Is it just apply more pressure where the mistake was made?
Interested in what we do in Medchem? Maybe fancy a career in pharma? We have posted 2021 positions for 3 month or one year internships starting this summer. Apply online now and join us in Philly!
https://t.co/EBbNVkZb5f