Submitted by itsonlyeva t3_10lh5m5 in technology
Chupacabra_Ag t1_j5ylk65 wrote
Reply to comment by CooksAndLives in IBM Cuts 3,900 Jobs In Latest Tech Layoffs by itsonlyeva
This is what happens when the federal reserve adds too much money into the market. They printed trillions during Covid in an effort to fight the pandemic issues which caused inflation. Today we are feeling the effects of the supply chain issues and fuel prices/commodity prices from the last 18 months so no one can spend money, so to fight the inflation the federal reserve drastically increased the interest rates. Most businesses have to borrow money to operate throughout the year and the price of that money has tripled. It takes a while for the full effects of the pandemic decisions to completely trickle down. So yes in a way it has all been fabricated.
And as someone who is on the production side of our nations food supply I will warn you now, buckle up. This year will likely be worse than last.
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