Screwball

The interest paid on debt?

Jesus h christ This all started when I brought up corporate debt, and the cost of servicing it. Which goes to the bottom line as a loss against revenue. Which is part of the bigger picture known as EBITDA of a particular company. This should be obvious, but when interest rates go up, so does the cost of servicing it. Since the 55 million seems to be a metric, and should be ignored, and people even fired over it, if I understood things correctly, fine. But the companies I worked for would fire my ass in a heartbeat if that happened. And maybe look at it this way; how many jobs would 55 million create? Doesn't matter, they are trimming fat because they are losing money, or at least the current investment community thinks so (bunch of downgrades today). Penny smart, dollar stupid. Should be corporate America's motto.

That's funny. You must be from the Paul Krugman "debt is good" school. These 4 Measures Indicate That FedEx (NYSE:FDX) Is Using Debt Extensively FTA: Debt load is part of (EBITDA).

Congress Stock-Trade Tracking Funds NANC and KRUZ Are On Way - Bloomberg Who held defense stocks while making national security policy?

Oh please. 55 million is not chump change in any corp, but keep jerking that chicken.

You said "Will increasing authoritarianism begin to rot the Chinese economy the way it has the Russian?." This sounds like you are blaming them for our own self destruction. It goes back further than 2009. My point still stands. Our problems are self induced.

The hits keep coming;

Our problems are self induced. Quit blaming everyone in the rest of the world and look in the fucking mirror. And it didn't start in 2016 either.

What's 1% of 22 billion? It matters.

Because corporate debt doesn't matter? Go ask FedEx.

I think the keyword is "here." Other places not so much. From the CEO of FedEx; FedEx CEO says he expects the economy to enter a ‘worldwide recession’ Coming from a large global shipper, and this isn't about housing.

I just realized this; on this date in 2008 which I call "Lehman Bros. Day" I told my place of work to shove it - because I was fed up with them - and them of me. Cool. Watching the upcoming mess seemed like a lot more fun than working for idiots, so I took a year off and took in the entertainment, then went back to work. Happy Lehman day! *** Don't read the baseball stuff, but I haven't read anything from Tiger Lee. He usually posts here. Hope all is well.

Funny, if you can't buy a house, you can rent one - maybe. Talked to a guy today who told me a 2 bedroom house with one bath here in Cornhole (read cheap in comparison to national averages) was getting 950 a month.

FDX They are getting crushed around 15% after hours due to forward guidance. FedEx issues ominous warning about the global economy, shares tumble

That thing was a POS. It seemed every year they were replacing the grating on the road. It got stuck and would not close many times. What was usually a 1 hour commute turned into 2 1/2 - 3 when that happened.

Yep, Phillips. Thanks. I used to eat at Inky's quite a bit. Not bad. Ate at Rudy's quite often too. But the best was Ideal Hot dog Chili Mac. I have to go up there at least once a summer and get one of those, and take one home as well.

Toledo was a parking lot many summers. Products going to the automakers in Detroit coming from the East under Lake Erie was using 280 because it was the shortest route - depending on the day and time. I finally started taking 20 to 75 thru downtown and get off close to Bennett. Can't remember the road. I watched 18 wheelers intentionally run into each other. Others liked to sit back a quarter of a mile and block both lanes so nobody could get by. They would run you off the road. Some cheated (not trucks, but cars) and tried to get on at Summit, just off the bridge going North, but the South ramp. A guy ran into me there once - didn't stop, neither did I and I wasn't going to - hence my shit car. I got stuck one night in the very first spot when the bridge went up and got to watch a big boat go by. That was kind of cool. Then it wouldn't go down. That wasn't so cool.

This conversation reminds me of my commute back in the 90s coming from the South to Bennett Rd. in Toledo and across the I-280 drawbridge for 10 years - 8 of which was one lane in the summer (or close). Backed up for miles at peak times - and then when you thought it couldn't be worse - the bridge wouldn't go down. It was like Mad Max.

This was fun to watch. 100 S&P futures points gone in seconds;

Proof?

Saudi Arabia And Iran Held Secret Meetings To Bolster Collaboration - Oilprice.com

And they will, while creating new alliances with other things as well. It will be like a giant middle finger to the US. This is self induced stupidity by the EU leadership and the West. Example: “Lehman Event” Looms For Europe As Energy Companies Face $1.5 Trillion in Margin Calls This is what happens when we act like a bunch of dumb fucks.

To expand on the above... To make a long story short some of us here in Cornhole (rural Ohio - not a buckeye fan) figured out that our internet provider which used to be Time Warner, now Spectrum, has upgraded their service. The same guy who went "mesh" above, got a sales pitch email from Spectrum but mentioned his 300Mps service...What? We didn't know that. Of course they didn't tell us either, and us old guys watch that stuff. Or maybe not... We also find out there is also a deal where you can get some help if you qualify. I will add the link below. This was sent to me from Spectrum, and has a .gov extension, so I'm confident it is legit. The Affordable Connectivity Program This can save you $30 a month if you qualify. Technology is like getting on a train going 300 miles an hour, and if you get off, you get left behind. By design. But I love the new speed. Digital horsepower. Too bad you can't smell it. *** Next time at the home store get a little tube of plumbers putty.

It's bigger than CS and IT. It is management in general. There are too many dickwads in positions they shouldn't be in, and more dickwads hiring people who have no business in the positions they put them in. A self licking ice cream cone of ineptness, stupidity, and arrogance. I have had more e-mails from headhunters looking for engineers/CAD people in the last year than I had over the last 10. They can't find people, I get that. I applied for a couple, but I never get past the first phone interview. Why? Cause I'm too fucking old. I am at the age I can collect SS and make all the money I want - I would go back and make a killing - but it would have to be the right deal. They don't care about hiring "good, competent" people, as they don't want to pay the price for a guy me, they know I'm too old to be turned into a ass-kissing yes man, and I might actually question something. I don't feel sorry for them. Eat your own stupidity.