My uninformed take is that the market loves this because it’s pricing in how much lower pay and benefits will be offered when rehiring all these workers when things “reopen.”
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Nothing made sense at the height of the .com era either. There’s a reason Buffett isn’t buying.
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Yeah, but he also just posted losses of $50B, so maybe he's not the greatest role model
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The markets always reward layoffs. We’re winning like never before!
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See you on the sourdough line
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The steady 3ish million new claims a week makes me think that’s just the max threshold for processing and the actual number is still much higher.
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