American Economics Thread
- Thread starter Bernard
- Start date
Ok boomer
Hewlett-Packard plans to lay off 4,000 to 6,000 staffers, equal to 10% of its workforce, over the next three years to save up to USD1.4 billion in operating costs, the Paper reported. Net loss at the world's second-largest PC maker was USD3.1 billion in the quarter ended Oct. 31.. this become a normal routine
what a shocker - printing unsupported money is not a viable long-term economic strategy, who would have known
Interesting that they were worth $30 billion before they collapsed. I wonder how many more big American companies are based on similar fraud?
But the market and Wallstreets will need consistent QE for the stock market to maintain a CARG of 7-9% as has been the case for past 3 decades.
The vast majority are extremely overvalued. I mean just look at tech shares. At the very least it can be said they are overvalued. Now that's just numbers on a screen nonsense - a dynamic thing that most people even the pros have no clue about how it could and should move. This is admittedly an important thing to remember in the context of this conversation but the real value of any thing or person is what they can do.
On that question, many US companies are valuable and have a good stock of exceptional talents working for them, even overseas working in Microsoft offices in China, Boeing offices in Moscow (prior to recent economic war on Russia), Amazon offices in Bangalore etc etc.
HP is an exceptionally valuable company regardless of numbers on a screen. It's not necessarily the market cap of a company but we should also consider what it can do. In this realm, a lot of hurt in numbers on a screen have to befall US tech companies before their genuine true value (what they can do) become degraded to a point they can be regarded as failures. Even ones that are firing 20% of their permanent workers do not mean that much but surely does contribute to their decline and is a symptom of US economic and industrial decline.
