We could see a million layoffs or more? Here comes the job market shock
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SpyderCall : as much as i hate to see people lose their job. This could possible slow the Fed's tightening. As J Powell said, the employment numbers are running hot. Wages are increasing at the same time. This is good for growth but bad for our super high inflation. The fed will increase interest rates as long as inflation is not coming down. The increasing interest rates are killing the equity markets. Maybe if we do get a cooling off in the employment numbers it might give j powell some room to skip a rate hike or two. After all employment data a major factor when deciding if we are in the right environment to increase interest rates. I hate layoffs but my long term portfolio needs less rate hikes
Hodog : I'd like to see a similar report for hiring during the same time period.
humanbenchmark : thank you Mr Brandon and Brandon voters.
71625285 : Good insight from a portfolio perspective.
Nothing stops quantitative tightening like wealth reversal. The Fed is not looking for that either.
solo invest humanbenchmark: Hells yea. LETS GO BRANDON!!! I love NASCAR!
MoneyComesMoneyStays humanbenchmark: seek professional help
humanbenchmark MoneyComesMoneyStays: I'm not a Brandon voter, but if you are, you need to seek help not me lol
Revelation 6 MoneyComesMoneyStays: Biden needs professional help. And toilet training and an audit of his finances. And a padded room with bars on the windows.
Genesid : Good insights
iamiam : these are all tech companies (even the ones listed as real estate, grocery and auto are all tech versions) The FED told you they were going to KILL tech, most just didnt listen or believe. The US economy has become stagnant and lazy and no one is willing or capable to really work and build things, the FED told you that needed to change. They will also kill the financial sector, they also told you this, every bank not a direct dealer with the FED is insolvent or will be. They are intentionally shrinking the economy so we can grow, we had peaked and had no where to go. We became a country that made nothing- we sell debt and promises. The great reset is real, and if you don't understand what is happening this will all be a shock to you. Those that think this economy is coming back and this is a temporary bear market are mistaken, the economy will only come back when the FED decides to prop it up again, and they will never be able to print like they had been because inflation is out of the bag, and can not be put back.
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