Unemployment will double by the end of the year with an economic hard landing inevitable, strategist says
by FUSeekMe69
Unemployment will double by the end of the year with an economic hard landing inevitable, strategist says
by FUSeekMe69
18 comments
We heard this last year and it didn’t happen …
All the articles and comments about low unmployment rate and dropping inflation rates have been massively upvoted.
Any voice questioning these statistics has been downvoted to negative so no one can see them. This is pure public opinion manipulation.
Does any moderate this sub? There is constant contradictory post every other day.
This article was written to get people that are currently in hard times to click on it and feel fear over the future in an attempt to get them to vote a certain way.
The other side of the coin is the opposite written for people currently doing well.
I really wish we could stop this nonsense.
> In fact, tumbling inflation is exactly what will trigger a souring labor market, he said. As price increases taper, that hits company earnings and profits, which begin to look smaller. In response, companies will stop “labor hoarding” and shed their workforce.
Labor hoarding?? First time I’m hearing of this term—I’ve never heard of any company “hoarding” employees like poker chips.
It’s the first time because it’s bunk information
Further garbage:
> “It’s a profit margin expansion that took place in Covid that gave companies so much profit and allow them to be a bit lazy on cost. So it’s really that kind of unwind, I think.”
Bunk.
That’s not what I read last week.
Who knew that a cash grab of trillions of dollars handed out to anyone who could create a llc and incorporate themselves would keep an artificially inflated economy with record bubble prices in the stock market.
Who Knew ?
No worries. Our government will print more money to avoid the recession and that will push the timeline a little late.
Service in expansion, manufacturing trending towards expansion after a recession… I mean nothing is impossible but I’d say there’s more catalysts for expansion in the mix
I and about 10 other educated tech professionals are about to be laid off where I work. We all worked for years to get these jobs and theyre being snatched away while the people taking them make 5 times what we do.
AI and Automation are rolling out.
It is GOING to be bad.
Service in expansion, manufacturing trending towards expansion after a recession… I mean nothing is impossible but I’d say there’s more catalysts for expansion in the mix
The best thing going for the economy is that everyone hates it and that’s one big reason why Democrats consistently outperform Republicans economically.
It was exactly like this under Obama. All of the suit and tie folks were cautious and conservative because they were at odds with the prevailing political sentiment that ushered in the current status quo. So they didn’t take near as much for granted.
You should be scared when everyone is happy and optimistic when everyone is afraid.
It’s always early predicting recessions. Just look at the big short. They all still made a shit tone of money being early. The markers/indicators start hitting one by one showing it’s coming and unemployment bottoms like it has. Then slowly increases and then some catalyst appears to cause it to spike suddenly. Just the way it goes. Pretty hard to catch perfect timing.
This one is different because we have trillions of excess capital printed in a very short time which has distorted things significantly, making it even harder. How do you accurately predict something that has never before occurred in a similar enough way.
Fed taking too long to switch from QT to QE, the inflation plane is heading down fast, they must switch gears now to prevent crashing.
It’s ironic it’s coming from business insider. They recently had a huge layoff of their staff. Lolol.
It’s ok because I’ll shit gold and save the world.
Why is it news when one person I’ve never heard of shares an opinion/analysis? It’s one person. Tell me what a group of highly regarded economists has to say.
Is that why we just hired 23 people last week alone and we expect 10 percent growth this year and are way ahead of that pace? P.S. I work for a company that does over 1.2 billion in sales per year. We are expecting our best year of growth and profitably in the last 8 years.