Everybody “knows” we are/ will be in a recession, but it should be shallow since all the Fed has to do is pivot and our economy will be fine. This explains the sanguine bond and equity markets. And why consumers are ok with no savings and high credit usage. The narrative makes sense if nothing goes wrong. Any shock can make things go sideways real quick except this time with rates at 4% and inflation not near 0 like the last 10 years, we can’t expect the fed to bail us out.
I agree that the accelerating rate of tech company lay-offs in 2023 strongly mirrors the impetus of the 2007-2010 GFC. However, the elements of cyrptocurrency in conjunction with the 'war in Europe' and the 'scamedic' is fueling a different type of Global Financial Crisis. One whose origins seems to not be the US investment banks, but an elusive international oligarchy?
To justify making a comment one has to act like one has something worth saying.
Hence all the experts.
I don't know enough here to comment on your financial report.
Luckily for me you facilitated a soft comment option.
:)
Everybody “knows” we are/ will be in a recession, but it should be shallow since all the Fed has to do is pivot and our economy will be fine. This explains the sanguine bond and equity markets. And why consumers are ok with no savings and high credit usage. The narrative makes sense if nothing goes wrong. Any shock can make things go sideways real quick except this time with rates at 4% and inflation not near 0 like the last 10 years, we can’t expect the fed to bail us out.
Great assessment 👍
I agree that the accelerating rate of tech company lay-offs in 2023 strongly mirrors the impetus of the 2007-2010 GFC. However, the elements of cyrptocurrency in conjunction with the 'war in Europe' and the 'scamedic' is fueling a different type of Global Financial Crisis. One whose origins seems to not be the US investment banks, but an elusive international oligarchy?
Hmmm 🤔
That’s awful - what industry?
Yikes. Not surprised unfortunately