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TheCriticalAmerican t1_j182wmk wrote

>Based on recent data showing continued labor demand and wage increases, Amazon also anticipates a soft landing for the US economy, a term used to describe a slow-growth period that avoids a recession, the internal report said.

Ugh... This is the worst way to make forecasts: just extend a trend line. Seems like this is what Amazon did.

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Expensive-Yellow-104 t1_j18k0xm wrote

They’ve got in-house consultants and basically a whole own investment bank I really doubt this

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aquarain t1_j18nea4 wrote

Also real time streaming hard factual data on global consumer spending second only to Walmart.

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aquarain t1_j18k7sq wrote

Amazon has access to one of the world's largest supercomputer clusters with considerable AI resources. They employ world class financial analysts and economists to help guide their capital investments. I sincerely doubt they're up there in their alien balls pod stretching a graph with a sharpie.

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schrodingerinthehat t1_j18w8ew wrote

Which they used to invest big in Rivian and tank their stock on the reported loss.

I'm not saying what you said isn't true, but that alone does not guarantee making the right bets. Certainly helps, but not guarantees.

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