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by distortionfield 485 days ago
That assumes that the corporations would be on the wrong side of the uncertainty.

To me, it seems that the political environment in the US is the most corporate -friendly it’s maybe ever been, so maybe the market priced that in but for the other direction.

2 comments

To me, it seems that the political environment in the US is the most corporate -friendly it’s maybe ever been

I agree with this notion. Which is why it's so strange to see so many very large companies shedding thousands of employees right now.

   Chevron: 2,000
   Southwest Airlines: 1,500
Those two just off the top of my head, but there have been more recently.

I know that there is an adage that "Wall Street hates uncertainty," but I feel like some businesspeople in very high places are very worried about the near future.

Which concrete corporate-friendly actions have taken place?
A corporate overlord, the richest person in the world is the acting president.

All of the Magnificent 7 have kissed the ring and paid their indulgence, earning unlimited favor.

The federal agencies are being gutted left and right, regulations, where they still exist, have no one to enforce them.

Maybe it's me but that actually doesn't sound very corporate at all. Sounds very Godfather.
Which concrete corporate-friendly actions have taken place?

Just a few examples: A number of environmental regulations have been, or are in the process of being rolled back. There's pledges in Washington to open up more land for mineral exploration. "Drill, baby drill" is back in fashion. Lots of politicians talking about selling off millions of acres of BLM land for private development. Talk in Washington about selling off public land that was recently made into national monuments.

There are literally hundreds more.

If you haven't seen any, you haven't tried. It's not even every day. It's almost every hour.

As a PhD new graduate, industry is a far better place than academia under this current government. Academia is suffering heavily from the funding cuts.