Has the dead cat finished bouncing?

BananaRepublic

Thrugelmir said:

BananaRepublic said:

Thrugelmir said:

BananaRepublic said:

blue_max_3 said:

Thrugelmir said:

Many will soon be rehired. Such is the hire and fire nature of employment over the pond. 

Probably on less money in more precarious circumstances. 

That is the nature of crashes. It took ages for wages to recover after the last crash.

Thrugelmir said:

blue_max_3 said:

36 million people out of work in America. That's gonna weigh heavily on the markets. That's like a dead weight around the ankles of the economy.

Many will soon be rehired. Such is the hire and fire nature of employment over the pond. 

They will be. But the virus will continue to make an impact for a long while. And the amount of debt we are incurring is big, really really big as Trump might say. The last crisis had so called austerity to pay it off. One or two people weren't happy about that.

The US has a far more fluid job market. Outside of the unionised sectors , employment law doesn't exist as we know it. 

Regarding employment law, you might be surprised at how little we have. 

Changed a lot of the years. My first experience of US culture in the UK was decades ago. When contracts were terminated with dealt with by providing the individual with an extremely large cheque (above statutory limits), the keys to the company car and their P45. Then walking them to the front door of the building. 

It was originally one year of employment before you accrued any real rights but in 2012 it was increased to 2 years. What does surprise me is that the Labour party haven't promised to revert it back to one year. Instead they focus on reinstating the right to secondary picketing etc. The cynic might think they cared more about increasing union power than improving the welfare of workers ... Noooo, surely not!

MinuteNoodles

Bravepants said:

I often wonder what's on earth is it with Musk's self-destructive leanings.

You do know he's a junkie? Yes, that's right Elon does drugs and even did a video interview smoking a spliff. And as with all drug addicts they tend to have a self destructive bent to them and an inability to know when to keep their mouths shut. His recent no doubt drug fuelled twitter rant cost investors $14Bn.

Thrugelmir

LHW99 said:

Thrugelmir said:

BananaRepublic said:

Thrugelmir said:

BananaRepublic said:

blue_max_3 said:

Thrugelmir said:

Many will soon be rehired. Such is the hire and fire nature of employment over the pond. 

Probably on less money in more precarious circumstances. 

That is the nature of crashes. It took ages for wages to recover after the last crash.

Thrugelmir said:

blue_max_3 said:

36 million people out of work in America. That's gonna weigh heavily on the markets. That's like a dead weight around the ankles of the economy.

Many will soon be rehired. Such is the hire and fire nature of employment over the pond. 

They will be. But the virus will continue to make an impact for a long while. And the amount of debt we are incurring is big, really really big as Trump might say. The last crisis had so called austerity to pay it off. One or two people weren't happy about that.

The US has a far more fluid job market. Outside of the unionised sectors , employment law doesn't exist as we know it. 

Regarding employment law, you might be surprised at how little we have. 

Changed a lot of the years. My first experience of US culture in the UK was decades ago. When contracts were terminated with dealt with by providing the individual with an extremely large cheque (above statutory limits), the keys to the company car and their P45. Then walking them to the front door of the building. 

In certain cases not even allowing them to clear their desk.

Desks were cleared for them. No good byes. Remember one divisional sales manager had been with the company 30 years. 

port_of_spain

BananaRepublic said:

Regarding employment law, you might be surprised at how little we have.

...

It was originally one year of employment before you accrued any real rights but in 2012 it was increased to 2 years. What does surprise me is that the Labour party haven't promised to revert it back to one year.

You are badly informed. In their last general election manifesto, they were promising to give employees real rights from day 1 of employment.

MaxiRobriguez

MinuteNoodles said:

Bravepants said:

I often wonder what's on earth is it with Musk's self-destructive leanings.

You do know he's a junkie? Yes, that's right Elon does drugs and even did a video interview smoking a spliff. And as with all drug addicts they tend to have a self destructive bent to them and an inability to know when to keep their mouths shut. His recent no doubt drug fuelled twitter rant cost investors $14Bn.

Yet this self destructive, loudmouthed junkie is significantly more successful and better off than you are. Funny that.

port_of_spain

MaxiRobriguez said:

Yet this self destructive, loudmouthed junkie is significantly more successful and better off than you are. Funny that.

So perhaps there's something very wrong with how success and wealth is doled out? That is what you were implying, right?

kinger101

MinuteNoodles said:

Bravepants said:

I often wonder what's on earth is it with Musk's self-destructive leanings.

You do know he's a junkie? Yes, that's right Elon does drugs and even did a video interview smoking a spliff. And as with all drug addicts they tend to have a self destructive bent to them and an inability to know when to keep their mouths shut. His recent no doubt drug fuelled twitter rant cost investors $14Bn.

I'd hardly call someone a junkie based on smoking a little bit of cannabis.  I don't directly hold Tesla, but I suspect at least 99% of those that do are looking at a fairly spectacular gain since whenever they purchased.

Username999

MinuteNoodles said:

Bravepants said:

I often wonder what's on earth is it with Musk's self-destructive leanings.

You do know he's a junkie? Yes, that's right Elon does drugs and even did a video interview smoking a spliff. And as with all drug addicts they tend to have a self destructive bent to them and an inability to know when to keep their mouths shut. His recent no doubt drug fuelled twitter rant cost investors $14Bn.

You obviously didn't see the video and believe everything you read.
He took one puff and didn't inhale.

https://www.youtube.com/watch?v=kQoxbDOWjf4

kinger101

Username999 said:

MinuteNoodles said:

Bravepants said:

I often wonder what's on earth is it with Musk's self-destructive leanings.

You do know he's a junkie? Yes, that's right Elon does drugs and even did a video interview smoking a spliff. And as with all drug addicts they tend to have a self destructive bent to them and an inability to know when to keep their mouths shut. His recent no doubt drug fuelled twitter rant cost investors $14Bn.

You obviously didn't see the video and believe everything you read.

https://www.youtube.com/watch?v=kQoxbDOWjf4

I hadn't watched it either to be honest (largely because I don't really care).  But I'd hardly call that smoking a spliff. 

MaxiRobriguez

port_of_spain said:

MaxiRobriguez said:

Yet this self destructive, loudmouthed junkie is significantly more successful and better off than you are. Funny that.

So perhaps there's something very wrong with how success and wealth is doled out? That is what you were implying, right?

Or perhaps it's more of suggestion that everyone should do drugs, and become a more successful person.