Wall Road CEO WARNING: Huge Layoffs are Coming
Wall Road Firms are shedding employees. Yet one more signal that the 2022 Recession, Inventory Crash, and Housing Crash is getting worse.
Firms like Tesla, JP Morgan, and Zillow have introduced layoffs within the final 30 Days. Particularly – the CEOs of the businesses assume the Recession and Market Crash goes to worsen. Elon Musk predicts that: “the US is already in Recession. And that it may final 18 Months”. He additionally thinks a number of corporations will go bankrupt. That might be why Tesla simply introduced layoffs for 10% of its salaried workforce.
Regardless of this surge in layoffs, the US Unemployment Charge continues to be at a close to report low 3.6%, whereas Preliminary Jobless Claims are additionally low. Which means, sadly, that the Inventory/Housing Market backside has not but occurred. And that extra job losses/layoffs will probably be coming in 2022.
Till then – as long as the Inflation Charge stays above the Unemployment Charge – Jerome Powell and the Federal Reserve will seemingly proceed to extend rates of interest and tighten the cash provide. Which is able to seemingly trigger the dueling Asset Bubbles within the Inventory & Housing Market to crash additional.
One other large headwind dealing with the US Financial system is the huge Debt Bubble among the many Authorities, Firms, and Shoppers. Complete Debt to GDP is sort of 300%, which means that future authorities stimulus and cash printing is unlikely.
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