Don’t worry, we’ll just print some more $$$
Everything will be cool
Would something called The Economic Collapse Blog say anything different?
bfl
Overtime used to be normal with my company. We are now being told to keep our time to strictly 40 hours a week.
With the exception of 2000 and 2008 which each have their own sorid stories the market has generally been in positive territory for presidential election years in recent times.
Of course anything can happen with the market. Better to invest in diversified funds over decades.
Just don’t let it happen after the Dems win the House, Senate and Presidency in November, 2024.
I want people grumpy and pessimistic about the Dems in November.
Not “Did you see? Gas is down three cents from last week.”
“They said on the internet news on my phone that the GOP is going to get wiped out.”
When you only look at government numbers (e.g., BLS, FED, etc.) you are already at least a year behind the real event. Anyone dealing with numbers from Biden needs to spend a few hours at the grocery store every week. [and track utility bills, taxes, fees, gas, etc.]
Oh what the hell. Bring it on.
Michael Snyder has elevated the situation to “Staggering Proportions”. We’re all in trouble now.
It will take Trump’s dynamic genius to prevent total destruction of the Dollar and the Economy.
At some point after Trump is (re)elected, we’ve got to repeal the 22nd amendment. I’m not kidding. Four years won’t be enough time to save the country.
I’m from Missouri. The numbers have been bad for a long time. Yet, here we still are.
Layoff’s are just beginning …..
In early 2024, we have also seen large employers ruthlessly slash payrolls all over the nation.
The following summary of some of the most shocking layoffs that we have seen recently comes from Zero Hedge…
1. Twitch: 35% of workforce
2. Roomba: 31% of workforce
3. Hasbro: 20% of workforce
4. LA Times: 20% of workforce
5. Spotify: 17% of workforce
6. Levi’s: 15% of workforce
7. Xerox: 15% of workforce
8. Qualtrics: 14% of workforce
9. Wayfair: 13% of workforce
10. Duolingo: 10% of workforce
11. Washington Post: 10% of workforce
12: Snap: 10% of workforce
13. eBay: 9% of workforce
14. Business Insider: 8% of workforce
15. Paypal: 7% of workforce
16. Okta: 7% of workforce
17. Charles Schwab: 6% of workforce
18. Docusign: 6% of workforce
19: CISCO: 5% of workforce
20. UPS: 2% of workforce
21. Blackrock: 3% of workforce
22. Paramount: 3% of workforce
23. Citigroup: 20,000 employees
24. Pixar: 1,300 employees
Layoff’s are just beginning …..
In early 2024, we have also seen large employers ruthlessly slash payrolls all over the nation.
The following summary of some of the most shocking layoffs that we have seen recently comes from Zero Hedge…
1. Twitch: 35% of workforce
2. Roomba: 31% of workforce
3. Hasbro: 20% of workforce
4. LA Times: 20% of workforce
5. Spotify: 17% of workforce
6. Levi’s: 15% of workforce
7. Xerox: 15% of workforce
8. Qualtrics: 14% of workforce
9. Wayfair: 13% of workforce
10. Duolingo: 10% of workforce
11. Washington Post: 10% of workforce
12: Snap: 10% of workforce
13. eBay: 9% of workforce
14. Business Insider: 8% of workforce
15. Paypal: 7% of workforce
16. Okta: 7% of workforce
17. Charles Schwab: 6% of workforce
18. Docusign: 6% of workforce
19: CISCO: 5% of workforce
20. UPS: 2% of workforce
21. Blackrock: 3% of workforce
22. Paramount: 3% of workforce
23. Citigroup: 20,000 employees
24. Pixar: 1,300 employees
We’ve been hearing warnings about “the final reckoning” for 30-40 years now. Yes the economy is sick, but these bears have cried wolf once too often. Bad times ahead for sure, we’re in bad times now. Apocalypse no.