>There are, it has been said, two types of people in the world. There are those who, when presented with a glass that is exactly half full, say: this glass is half full. And then there are those who say: this glass is half empty.
>The world belongs, however, to those who can look at the glass and say: What’s up with this glass? Excuse me? Excuse me? This is my glass? I don’t think so. My glass was full! And it was a bigger glass! Who’s been pinching my beer?
>And at the other end of the bar the world is full of the other type of person, who has a broken glass, or a glass that has been carelessly knocked over (usually by one of the people calling for a larger glass), or who had no glass at all, because he was at the back of the crowd and had failed to catch the barman’s eye.
What happens if a wage/price spiral hits right as Boomers are moving their retirement savings into less volatile, more liquid investments to live off of?
Could they see the real value of their retirements evaporate en masse?
They are preparing a recall to install immobilizers on the affected models, but it sounds like they're moving too slowly.
The insurance companies might also feel like they have media cover to do this, because how-to videos have become a social media trend. You can hotwire them more easily than a '90s car with ignition wires hanging under the dash, if you know what you're looking for.
Kia in particular might suffer some serious brand damage from this, combined with their multiple recent engine fire recalls.
Isn't the idea behind raising rates to combat inflation that it works to reduce demand by forcing people to tighten their belts?
"We need companies to fire a lot of people so that fewer people can afford nice things" is less politically palatable than, "we are aiming for a soft landing".
Stocks went up previously because the companies believe that with all the layoffs, people were getting desperate enough that the rate hikes would slacken off and they'd be able to start hiring at fire-sale prices. The strong January jobs data makes the companies and Fed alike worry that their workers might start to get uppity and ask for raises or benefits again soon.
It means that you're farming on someone else's land. Since you don't own the source of your income, the landowner could decide to evict you at any time, taking away your revenue.
>The world belongs, however, to those who can look at the glass and say: What’s up with this glass? Excuse me? Excuse me? This is my glass? I don’t think so. My glass was full! And it was a bigger glass! Who’s been pinching my beer?
>And at the other end of the bar the world is full of the other type of person, who has a broken glass, or a glass that has been carelessly knocked over (usually by one of the people calling for a larger glass), or who had no glass at all, because he was at the back of the crowd and had failed to catch the barman’s eye.
- Terry Pratchett, The Truth