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Analyst: Wall St. layoffs ahead
New York Post ^ | 08/13/2013 | MARK DECAMBRE

Posted on 08/13/2013 12:26:06 PM PDT by SeekAndFind

Edited on 08/13/2013 12:32:18 PM PDT by Admin Moderator. [history]

If Wall Street thinks things are bad now, just wait

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: layoffs; meredithwhitney; wallstreet

1 posted on 08/13/2013 12:26:07 PM PDT by SeekAndFind
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To: SeekAndFind

All is well!

The BLS told me so.


2 posted on 08/13/2013 12:27:50 PM PDT by headstamp 2 (What would Scooby do?)
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To: SeekAndFind

He he he... They voted for it.


3 posted on 08/13/2013 12:30:09 PM PDT by Resolute Conservative
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To: SeekAndFind

What was that movie??

Oh yeah, Margin Call. Sucks to be them.


4 posted on 08/13/2013 12:33:50 PM PDT by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
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To: SeekAndFind

Turn those machines back on! TURN THOSE MACHINES BACK ON!


5 posted on 08/13/2013 12:36:28 PM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: SeekAndFind

Another 100,000 people who won’t be able to afford cheap imports.


6 posted on 08/13/2013 12:41:35 PM PDT by DannyTN
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To: SeekAndFind

Another 100,000 people who won’t be able to afford cheap imports.


7 posted on 08/13/2013 12:41:36 PM PDT by DannyTN
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To: Resolute Conservative
Many of the people on Wall Street who have lost, or soon will lose, their jobs did not vote for Obama. Pro-Obama Wall Street people boasted about that, but the ones voting for Romney had to keep their mouths shuts or risk being called racists.
8 posted on 08/13/2013 12:52:55 PM PDT by utahagen
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To: Resolute Conservative

Absolutely. Couldn’t happen to a better set of lunes.


9 posted on 08/13/2013 12:53:58 PM PDT by ZULU ((See: http://gatesofvienna.net/) Obama, do you hear me?)
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To: DannyTN

Why, they can always retrain for new jobs constantly and hope to make enough to make car payments in their next McJob.../sarc


10 posted on 08/13/2013 12:55:31 PM PDT by GenXteacher (You have chosen dishonor to avoid war; you shall have war also.)
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To: SeekAndFind
...with a global contraction and a sluggish economic recovery in the US...

The US is not in a "sluggish economic recovery". It is in a Depression!

11 posted on 08/13/2013 1:00:28 PM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: SeekAndFind
Not good.

We used be an Ag economy, became a manufacturing economy, and then a service economy (finance).

As that dies, what comes next? Serfdom?

12 posted on 08/13/2013 1:14:15 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: ZULU

Lunes = loons

“lunes” refers to the borders/outline/shadow of the moon

/pet peeve


13 posted on 08/13/2013 1:16:51 PM PDT by warchild9
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To: SeekAndFind

Not that I think everything is hunky-dory, but Meredith Whitney is wrong almost as much as Paul Krugman.


14 posted on 08/13/2013 2:45:53 PM PDT by jdsteel (Give me freedom, not more government.)
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To: SeekAndFind
"The US financial sector is facing an epic round of layoffs that could hit 100,000 workers as the big banks wrestle with a global contraction and a sluggish economic recovery in the US"

The stock market is at an all-time high, so why is this happening? I don't get it. Can someone with an economics or financial background explain?
15 posted on 08/13/2013 3:15:21 PM PDT by Steve_Seattle
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To: redgolum

Yes, for the vast majority of Americans the future holds nothing but a declining standard of living. We’re now a printing press economy.


16 posted on 08/13/2013 3:24:34 PM PDT by Trod Upon (Every penny given to film and TV media companies goes right into enemy coffers. Starve them out!)
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To: Steve_Seattle

The stock market is at an all time high because the FED has maintained zero percent $90 billion dollars a month infusions into the Wall St. financial houses for the last few years. They use that money to buy stocks and drive up the prices so the corporate media can convince consumers to start borrowing and spending again.

The volume of the market is close to the volume in the early eighties, with retail investors cashing out more than they deposit because they need the money to pay the bills. Without massive churn, the banks and financial firms need to lay off people as the only game in town is front running the FED and pocketing the spread. Which is why the FED is trapped and cannot quit QE.


17 posted on 08/13/2013 4:22:20 PM PDT by Gen-X-Dad
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To: Steve_Seattle

“The stock market is at an all-time high, so why is this happening? I don’t get it. Can someone with an economics or financial background explain?”

Sure. One of the best ways to drive up the value of a company’s stock is to replace the American workers with Asian coolies. Whenever companies announce layoffs their stock rises.


18 posted on 08/13/2013 7:41:00 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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