Posted on 10/16/2022 6:32:27 PM PDT by RomanSoldier19
The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.
Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.
The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.
(Excerpt) Read more at wishtv.com ...
Totally worth it, now we got no more mean tweets.
> The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.
because, as everyone knows, inflation is caused by unreasonable workers asking for raises.
I thought it was caused by evil gas, meat, and baby formula companies?
The price we are paying for HRC remaining out of jail.
We’ve got at least 30 million people who shouldn’t be in this country. People who have been sucking off of the taxpayers for years. Get them out!
But Biden and all those jobs he created?
Better get your notes out of the banks now.
Banks used to have to keep a certain percentage of deposits in their vaults.
As of March 2020, the percentage required to be reserved on premises was set to zero.
So now you know why banks won’t let you pull all your money out in cash. Why there are banks where the atms are out of money. Why they limit you to a ridiculous small amount withdrawal per day.
BOA agreeing with IMF. Next year will be bad but 2024 will be worse. Seems TPTB cannot stop the decline. The Saudis see the writing on the wall.
I hope all heed the warning signs
Bkmk
I get the feeling that unfortunately for the American public has no real leaders that know what they are doing.
C’mon Sniffer told us the economy is hot as hell
The fed most resembles a drunken driver who over-steers
himself into a multi-fatality accident after he goes
over the center divider.
Woohoo!!!
Depression II!!
Build Depression Back Better!!
Exactly. The US economy is a great ship drifting without a rudder, with a lunatic on the bridge babbling incoherently.
See you at the bill signing! /W
The BOA wants to return to the days of cheap money with artificial low interest rates. The debt servicing costs on the $31 trillion national debt are close to $400 billion a year and will be more than the DOD budget by 2029.
Inflation is the cruelest tax of all. It is a regressive tax that hurts the poor worst. If we don’t get inflation under control, we will go the way of the Weimar Republic or Argentina.
It’s caused by AOC’s Green New Deal.
I get that the controlling rates vary but it must be north of a half-trillion by now.
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