Re: TNET: Vegas odds on next CFB coach to be fired

It is a collective game. A team game. Only a handful of players on any top team make a difference. College football, regardless of what people think, is about coaching. Coaching is more important than talent. That is objectively provable and history has shown that! Texas A&M as a perfect example. Georgia, Miami, Florida state, it doesn’t matter how much talent you have. If you don’t have coaching you’re not going to win. Wake Forest has a really good team every few years because they develop a lot of fourth and fifth year juniors and seniors and have a cohesive team and great coaching.

Also, it’s basic economics. Regardless of what the Supreme Court said, there is no free market for college athletics. As Dabo have said many times, Less than 2% of college football players will ever see the NFL. There is no alternative market other than the arena football league and these other leagues where people make less than $100,000 a year.

It’s not like the NBA or major league baseball with other leagues, minor leagues, professional leagues in other countries. There’s college and the NFL. Those other leagues do not really for many real competition. And there’s nothing stopping kids from playing in these other leagues instead of college.

And now that we have NIL players are getting paid. The minute we go to players being paid a salary that’s when they start getting W-2s and form unions and totally blow up college football which blows up all of college athletics. It would be the dumbest thing they could ever do but people on the left have been wanting that for decades because it’s a multi billion dollar business that they want to tax!

You blow up college football you blow up all of college athletics. That means tens of thousands of Athletic scholarships that evaporate that primarily go to female and minority athletes allowing them to get an education and pull them in their families for generations out of poverty! The idiots on the far left don’t understand this. They don’t understand that what they want only benefits a sliver of college athletes. Less than 3% of all college athletes. They want to blow it all up and harm the very people they say they care about so a handful of people can make a bunch of money that are going to make a bunch of money anyway.

Then again they like blowing things up. They were that shortsighted and they were that dumb and greedy. Because for them it’s all about power and control and money. They really don’t care about the people they say they care about. That has been proven over and over again! That’s why they love to attack women and people of color that are conservative and successful. They can’t allow those people to get off the plantation because that would destroy their narrative. Same thing with Covid. Same thing with Twitter. It’s all about lies propaganda money and control!

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Everything changed in the 80’s

Nov 6, 2022, 9:09 PM

Following the stock market crash and depression it took until the 80s for the DJIA to reach 2,500.

Going off the gold standard in the 70s changed things. But the biggest change was technology. With cable TV we suddenly had 24 hour news channels including channels focused only on business and the stock market. Then the internet allowed anyone to trade stocks, etc. Plus in the 90s the FED started getting much more involved with manipulating the economy, mostly by creating more liquidity.

All of that led to hyper focus on the stock market by the general public. In the past CEO’s we’re paid a salary and typically held their job for years often decades. But once the stock market started getting all of this focus, running corporations became more about what was happening with the company stock in the market.

That was always a factor but never like it became over the last 30 years. Suddenly the one and only factor on whether a CEO kept his job was if the stock kept going up in value. Well, that’s insane. Because values can’t keep going up and up and up and up! That’s not the way the world works. Some companies, their stock is always going to be stable because they are stable. Think public utilities.

You can’t always grow and grow and grow. But if you don’t keep growing your revenues won’t keep growing and then the only way to increase profits is the cut staff.

So the world became hyper focused on the stock market. So around the 80s and especially in the 90s CEOs started getting paid in stock and stock options in addition to their salary. Their compensation was now directly tied to the company’s stock value. Predictably this was dumb because now the sole focus is stock price. Every decision no matter how big or small became a question of how would it affect the stock value.

It’s sort of like football & basketball coaches at public colleges. They have a base salary as state employees that is relatively small. But they also have this huge compensation package from things like IPTAY. Dabo makes around $9 million. But his base salary is only about maybe 500,000. That is his salary of record as a state employee.

So it took decades for the stock market to reach 2500, but a few decades later it was 36,000. That’s insane! And that’s part of why things have gone very differently in the economy starting in the late 80s early 90s.

A big big big part of the problem was in the 90s particularly under the Clinton administration the FED started pumping liquidity into the market. That causes inflation. If you pull up charts for the M2 money supply, the DJIA, college tuition, healthcare costs, and housing you will see starting around the late 80s early 90s exponential growth and all of those charts match almost perfectly.

The same thing started happening in the housing market. When channels like HGTV came along everybody and their brother thought they could become a house flipper. That along with shifting demographics made certain markets grow exponentially in population and property values.

Here in Charleston even houses that are dumps are going for crazy prices because you have house flippers, many of which are professional companies in the region, as well as hedge funds from Wall Street, competing to buy those properties. But they are no longer renovating those houses and putting them back on the market. They’re turning them into rentals. The combination of that helps force property values up because it contributes to supply not being able to keep up with the man. That’s why in the Charleston area you’re seeing an explosion of apartments being built and for the first time ever people building condos everywhere.

CEOs used to keep their jobs sometimes for decades. Now CEOs are being hired and fired the same way college coaches are. It’s perform now or you get fired! Well it’s not that easy to take a large corporation and make it stop go higher and keep going higher and higher and higher!

And when you tie compensation to stock performance you create the wrong incentive. Also, because major corporations hold a ton of their own stock, which has been diluted over the years because of repetitive stock splits, it’s a lot easier to pay a CEO with stock options rather than a huge salary. It also makes it easier to fire someone and hire someone else because it doesn’t affect the bottom line. And you have tons of stock.

People like Bezos and Elon Musk aren’t really billionaires. They started companies so they owned massive amounts of stock in those corporations and because of this insane artificial liquidity inflation over the last 20 years their stock values have exploded but they’re not really worth that much money. Their stock is worth that much money. If the stock market blows up tomorrow their wealth evaporates. Elon didn’t buy Twitter with cash. He bought it with stock.

Unlike most billionaires that have almost all of their wealth tied to stock, Elon really is rich. He used his stock in Tesla to create Starlink and SpaceX, which are private companies that he owns 100%.

So it’s rather complex but it really boils down to a few things. Going off the gold standard, cable TV and the Internet creating a hyper focus on the stock market by millions and millions of people compared to before that when it was only professionals, and of course the federal government and exploding spending since the 80s, running huge inflationary deficits, and of course the FED exploding liquidity by way of money policies like low interest rates and quantitative easing.

Interesting, three of the four primary factors in where we are today, The mess that we are in today, are the government! Just another reason why smaller government is always best and why the founding fathers created federalism, whereby the overwhelming majority of power in the constitution was given to the states. Not the federal government! We are where we are today because of a handful of presidents that have crapped all over the constitution and illegally put more and more power into the hands of the federal government. Unfortunately that has been upheld by progressive courts that have been stacked by those same imperialist presidents.

And actually you can blame the government and the growing government and military industrial complex on the fourth component of this equation. Because cable TV and the Internet would not exist without a growing military industrial complex because everything from antibiotics to microwaves to the Internet GPS, cable TV, Flatscreen TVs, cell phones, every bit of that exists today because of the American taxpayer dollars funneled into military research and development. Basically everything since 1930 that has been developed is directly or indirectly tied to military research and development by the American government with the American taxpayer dollar. The entire modern global economy belongs to the American taxpayer! Just another of many reasons why income taxes should’ve been nipped in the bud 100 years ago.

Sales tax is property taxes those things are needed. The income tax has led to nothing good!

The interstate highway system is another thing that I could make a very good argument is the worst thing the government ever did. Urban sprawl, the depth of inner cities that created what we have today, are both a product of the interstate highway system. As well as the destruction of small towns and cities all across America. Drive through any small town or city near the interstate. Their main street is like a ghost town. And it happened almost overnight after the interstate opened. This is where the government doesn’t learn from history. The same thing happened with the railroads. But the interstate did it 1000x!

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TNET: Vegas odds on next CFB coach to be fired

Can A&M really afford to fire Jimbo?***

Probably can afford it, but seems like a financial ...

Not to mention any assistants who have guaranteed contracts***

Re: Can A&M really afford to fire Jimbo?***

I love how all these billionaires & schools think they have

Re: I love how all these billionaires & schools think they have

Re: Can A&M really afford to fire Jimbo?***

Re: Can A&M really afford to fire Jimbo?***

Re: Can A&M really afford to fire Jimbo?***

For very good reasons. Very few college athletes are worth a big money.

Re: Can A&M really afford to fire Jimbo?***

Don’t know anything about it.

Re: Can A&M really afford to fire Jimbo?***

Everything changed in the 80’s

Re: Can A&M really afford to fire Jimbo?***

I have been saying for years coaching is more important than talent.

IMHO. Texas would be fools to get rid of Steve Sarkisian

Re: IMHO. Texas would be fools to get rid of Steve Sarkisian

Re: IMHO. Texas would be fools to get rid of Steve Sarkisian

They'll look like fools monetarily if they do.

Re: They'll look like fools monetarily if they do.

Took the Biggest Grifter award from Willy Taggert . . .***

Cristobal?? That’s interesting.

Re: Cristobal?? That’s interesting.

Re: Cristobal?? That’s interesting.

crazy, it just reinforces the idea that PRIME TIME will

Elephant

Re: Elephant

Re: Elephant

if venables doesnt pan out at oklahoma