Bob; Do you not mean AAPL has a large bank balance? Lesser cos would be deat meat by this time. They had $$ to weather the storm. Too bad they did nothing.
I think we are in a creeping readjustment, where funds are getting cash rich and biding their time. There is so much money out there that bonds will not rise too much, as excess funds at the bids will keep them down. But there is no doubt we have a peak that must fall, must it? As long as the fed keeps a forward interest cap to head off inflation every time it reasr, we seem to be well enough fine tuned. Remember before they held off the rate hikes until it was too late and we were well into the cycle. Now they start fast with negative feedback, and the prosperity runs seem to be longer, and the troughs not to hard. We must watch for Stagflation. A stagnant economy and inflation, caued by greedy ones. I think the UPS settlement will be coslty to the teamsters as the law of unintended consequences will strike, and UPS will abandon some business to others, instead of lteeing costs get out of hand. All those laid of workers will think twice anout the union next time, as they have seen how much the senior workers care for the low seniority ones.
We will see this fall as the UPS workers go away and roadway etc hire more, but not the same ones. It has gotten so bad here in Toronto that they have refence checkers to see if you actualy worked where you say you did. If you were union, you are not hired, as you will either quit in a second if recalled, or agitate the workers at the new place to get organised.(or so they feel at the company)
So you lie on your resume, and the reference checkers look at you in fine detail, as it is common to try to get into Wallmart with a false one.
Bill |
