Posted on 01/03/2023 9:28:37 AM PST by Carriage Hill
After the most volatile year for the stock market since 2008, Wedbush Securities managing director Dan Ives warned on "Mornings with Maria" Tuesday that Big Tech companies still need to "rip the Band-Aid off" in terms of layoffs as a "Category 5 storm" threatens the macroeconomic picture for 2023.
(Excerpt) Read more at foxbusiness.com ...
You ain’t seen nothing yet.
I’d much rather see it in ‘24.
It was worse than that for investment in general.
If there must be fantasy and speculation this is much nicer. May as well go out and down with happy thoughts.
https://freerepublic.com/focus/f-chat/4120578/posts
There is a Storm coming, nothing like you've ever seen before
If you like your investments you can keep them. End of quote. end of line.
And that was with the help of the BLS lying to us about the jobs reports. Now that it will be revealed jobs are terrible they will finally declare a recession and probably backdate it so they can claim we are out of it already/sooner.
BidenDepression II 2023
They gotta name it or it doesn’t count. Just sayin’.
“2022 was worst year for the stock market since 2008.”
It was the worst year economically dating back into the 1800s.
Biden is an economic illiterate who signs budgets drafted by generational thieves.
Imagine this occurring under a Republican president.
It was just a common rounding error of 1,000,000.
Happens all the time…
I think the numbers were fudged in ‘22. There were a million fewer jobs than had been reported.
The layoffs have already happened. They happened through closing of job openings.
It’s worse than the public has been lead to believe. It will get worse than that.
Well, I lost $48K in my annuity account this past year. FJB/LGB/ETC.
I lost 20-30% in my Brokerage - 3 IRAs, but moved everything into cash within each account. It didn’t lose anymore, but didn’t make anything, except for the remaining firearms & ammo stocks in the Liquid Brokerage Acc’t.
Yes, 2023 is going to be much worse than 2022.
True. But the rounding error only “helps” democrats when they are in office. And the rounding error goes the other direction when it’s Trump.
Seriously, remember Obama’s reports. They were always monkeyed with. Ever one they released they said they adjusted the previous report (in the negative direction) meanwhile they inflate the current report. Rinse and repeat.
With Trump it was the opposite. They adjusted the previous report in the positive direction and then the current report was deflated to show bad numbers (or numbers not as good as they truly are). Rinse and repeat.
My apologies, I was being a smartass.
It’s an excessive error.
From the News Source (Fox Business Network):
"HOST MARIA BARTIROMO: You've got a number of companies either freezing, hiring or cutting their workforce.
Is that going to continue this year?"
" DAN IVES: Look, a lot of Big Tech, they were spending money like 1980s rockstars. And I think that really shows.
Sometimes they were increasing 15, 20% per year.
I still think it's a 'rip the Band-Aid off,' still some more headcount cuts.
We think potentially another 8 to 10% headcount cuts in Big Tech.
You look at what happened with Meta, and that's a good example. "
"Once Zuckerberg finally read the room, cut in terms of what he needed to, stock ultimately lifted.
I think, be that as a catalyst, I think you will see a continued cutting of heads in Big Tech
because they're getting ready for the Category 5 storm in terms of what we're seeing with the macro."
I know you were joking, but my point is the BLS is just like the fbi/doj and now even the military. They are working against the American people to help the communists take over.
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