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.
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
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!!
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.
I suspect it will be more than 175,000 per month losing their jobs by spring. Middle management is going to be the first to go, unlike in other recessions where the lowest wage earners were hit the hardest by lay-offs. When companies start to cut, I believe it will be the D.I.E. departments that suddenly find they are no longer the “untouchables”
There are so many people with normalcy bias that have no idea how “abnormal” things are about to get. Too many think that prices will naturally come down after the supply chain is “back to normal” or the Russia/Ukraine conflict is resolved (it won’t be), or the Biden administration just gives people more money, or everyone switches to wind or solar power.
The fact is, we are being governed by not only idiots, but also corrupt idiots who think that they will emerge from the economic disaster with more power and money. And, that it will be only the “other people” who will really suffer. They are in for a rude awakening.
Ya have to watch this time of year as Biden likes to factor in Retail Christmas help as ...as well as in Dec. Jan when they let all those people go.
This is really really bad. If Democrats manage to fix the midterms we are going to end up in a depression. This insanity by the asshat in office cannot continue. Like a my uncle said “Bidens energy policy is like a farmer who has a million acres of corn ready to harvest but he goes to foreign countries begging for corn” It’s lunatic logic.
And BTW anyone notice they are sending back people from Venezuela? Because they damn well know they won’t vote Democrap, they know what communism is like
I guess Bank of India (er, America) will complete their process of moving all tech jobs to their Mumbai facilities next year.
Orange man was BAD!!! He scared everyone. I am still scared of him. 😟
🤣🤣
The Federal Reserve will soon be forced to pivot just like Japan and Bank of England.
But let’s not call it a recession...ever. Might hurt Brandon’s approval ratings. Haw haw.
