Finance reporting never ceases to read like it's written by sociopaths.
The core of this piece is sound enough: if the US keeps interest rates high while other major markets are easing, investors will leverage the disparity by investing money borrowed from low-interest countries in the US. This surfeit of external cash will then boost US inflation.
But when you end up writing about job growth as a bad thing because it might keep interest rates high? #YouMightBeTheBadGuy
https://www.businessinsider.com/america-economy-recession-stock-market-crash-inflation-interest-rates-2024-6
@MLClark Elon Musk is up for a $45B (U.S.) compensation vote today by #Tesla shareholders.
This #NYTimes article argues that the company has stopped innovating because Elon is more interested in driving up share value than innovation -- a problem typical of many U.S. companies.
"Problem is, the performance was not for making high-quality cars or making affordable cars or making cars at scale. The performance was for pushing Tesla’s stock price up."
https://www.nytimes.com/2024/06/11/opinion/tesla-elon-musk-pay.html
"The board promised Mr. Musk — at his urging — that if he made the board and the shareholders truly wealthy by boosting the stock price, by whatever means, he could have 12 percent of the company. Yet I believe this pay package helped drive his descent from visionary business leader to bizarre carnival barker. And that set of incentives and responses should not be validated."
https://www.nytimes.com/2024/06/11/opinion/tesla-elon-musk-pay.html
@MLClark #Ikea Here's the original #Bloomberg article if you can get past the paywall.
https://www.bloomberg.com/news/features/2024-06-11/how-ikea-keeps-its-store-workers-from-quitting