Submitted by Johs92 t3_10i9jpt in wallstreetbets
Comments
Radman41 t1_j5eh76d wrote
= soft landing!
Spare-Competition-91 t1_j5fff7o wrote
= soft landing for the wealthy!
= hard landing for everyone else!
Reggie_001 t1_j5g9kqu wrote
Yep, soft landing because they are landing on us.
blaze13541 t1_j5kcka1 wrote
It's ok, the poors will break our fall. -Wealthy People, probably.
QuantumCryptoKush t1_j5ggyex wrote
facts
Ivanovic-117 t1_j5epy12 wrote
Economy strong
h1g440rs3 t1_j5dgq9u wrote
“Overpaid” but monthly mortgage payments are still very affordable.
DisconnectedDays t1_j5dgvu1 wrote
Not without a job and if they’re forced to sell they’ll most likely not have any equity.
dismayhurta t1_j5dmrvt wrote
This is what corporations want...desperate people who'll sell cheap and take shit jobs.
JiggyJerome t1_j5e1304 wrote
Capitulation. That’s the sophisticated word that banks and financial institutions use when retail investors give up and sell off their equities in order to pay for essential needs.
VallenValiant t1_j5emk82 wrote
But not shit-paying jobs. Inflation means it is a waste of time working for minimum wage. You would only die tired. So it is either getting better wage or roll the dice and start a business.
There are some shitty jobs that pay well, and that is the way it should be. But shit-pay jobs will die out because people can't afford to work in those jobs.
[deleted] t1_j5exp8i wrote
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Reggie_001 t1_j5ga732 wrote
The problem is that when too many people end up having to do that there is a collective energy that builds. To put it into perspective, things are exponentially worse than when the American revolution began, we are getting close to how bad it was when the French revolution began..
It's fine when the born-poor are forced to do it, but once even more middle class people are forced to it there will be violence.
DiriboNuclearAcid t1_j5gma6n wrote
Ya people tend to forget the reason the American Revolution started is because people were mad about not having enough money. That freedom shit is just propaganda at best, delusional idealism at worst.
[deleted] t1_j5ol11b wrote
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QuantumCryptoKush t1_j5gh9kn wrote
since money was invented
__Sky_Daddy__ t1_j5exv0l wrote
This, to me, is exactly what is happening. Going to be brutal for Corporations operating with slave labor.
midwestck t1_j5f5igf wrote
Nah they’ll just rely on expanded welfare paid for by middle-class income taxes
See: Walmart’s labor model
__Sky_Daddy__ t1_j5f9hdc wrote
Nope. That doesn’t work at scale
midwestck t1_j5fobn3 wrote
Yeah $6.2bn to Walmart workers alone is definitely not already to scale
__Sky_Daddy__ t1_j5fojk4 wrote
Thats correct. Not scalable idiot
midwestck t1_j5fov0s wrote
17% of their labor cost equivalent. Nope. Nothing to see here
patriots317 t1_j5ezm84 wrote
Not just corporations…. Really everyone. With people as comfortable as they have been with an abundance of jobs, and employers desperate to hire, it has contributed greatly to the rampant inflation we’ve seen.
QuantumCryptoKush t1_j5gh4jw wrote
word
[deleted] t1_j5esc19 wrote
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[deleted] t1_j5feb5p wrote
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ameldrum902 t1_j5e8plj wrote
In Canada they are allowing people to make interest only payments and defer the principal. This is not a good look.
Lionel_Hutz_Lawfirm t1_j5ep6p3 wrote
Holy fuck UNLIMITED ROI! Smartest invention since sliced bread.
Mortgage holders will hate this one simple trick!
Outis7379 t1_j5ffnkd wrote
Ever wonder why any idiot gets a credit card in this country?
Outis7379 t1_j5ffisk wrote
Ah yes, let future me/government/whoever solve the problem.
ronincelwarrior t1_j5gmd4n wrote
Interest rates aren’t locked in in Canada, though.
ameldrum902 t1_j5gnfmq wrote
Mortgages come in fixed and variable. Banks have been calling the variable holders and offering to go fixed mid-term on their mortgage lately in an attempt to prevent defaults. Those that are too deep are being offered to just pay the interest portion and defer the principal portion back into sum owed. The banks know people over leveraged themselves on property that has an over inflated price.
dvo3000 t1_j5hguwn wrote
Where did you hear this?
ameldrum902 t1_j5ht0w8 wrote
I know 3 people, two with cibc and one with bmo, who got called to go fixed 5yr to drop their variable 5yr. One person I know took it because they had 3 years left on the floating variable mortgage they were currently in.
And the deferred principle payments, that was in the news for a bit a couple months back.
dvo3000 t1_j5huh40 wrote
That’s interesting, and could mean different things. Thanks
ameldrum902 t1_j5huvs5 wrote
Canadian banks hold too much consumer debt. Defaults would sink them. The numbers are in on this. I believe Scotiabank and TD were in the worst spot at the moment. I just hope we, the tax payers, aren't going to be on the hook for a 2008 style bail out.
loudifu t1_j5ivutc wrote
Had the Canadian RE ever come back down to earth? I don't follow the Canadian RE market, but I'm under the impression that the RE market in the metro areas like the greater Toronto/Vancouver went to the moon, and pretty much stayed there until the pandemic hit. But as soon as the coast was clear, it rebounded with full vengence surpassing pre-pandemic levels, just like the rest of the world. Sure, sales have cooled off substantially now, but prices remain elevated if the Canadian market is anything like its southern neighbor. I wonder how many actually overpaid and were stuck with high interest rates??
ameldrum902 t1_j5ix3y1 wrote
I'm in Vancouver. There's a population here that bought at the peak with 2.5% interest rates. When it comes time to refinance it will be painful or you will just be paying more in the long run. And if market value drops below your trigger, you will need to pony up the difference upon refinancing. Housing payments already account for 50%+ of people's household income. People are over leveraged on extremely heavy debt loads also. You add up all these factors and I'd say there might be a storm brewing.
[deleted] t1_j5egib7 wrote
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h1g440rs3 t1_j5djrj0 wrote
I refuse to believe they can’t make ends meet in some way. They made a high salary before, they’ll be able to get it again.
Limonlesscello t1_j5e0929 wrote
Yea, skills don't disappear overnight lol. From what I've gathered, laid off individuals were able to garner higher salaries from smaller firms coming from the Big names.
This ain't the same as being laid off from Starbucks or Mcdonalds and having to work at Wendy's like some of you degenerates. XD
National_Smoke4580 t1_j5egt3c wrote
Not if there are millions of other laid off “smart” people.
Minds_Desire t1_j5ep9ps wrote
There won't be millions in the tech sector. Those skills are highly desirable at basically all levels of the economy.
National_Smoke4580 t1_j5epgn3 wrote
If your ego allows you to work at Wendy’s with your fancy tech degree.
Sea_Mathematician_84 t1_j5g3kgb wrote
There aren’t millions being laid off in tech. Big names laying off 10k but with the nuance being they hired 30-40k last year.
There’s about 12M tech workers in the US broadly speaking (and I mean BROADLY, as most estimates say 5-7M. **12M is all employees, including clerical corpo etc. ). If there were millions laid off we’d be talking about a catastrophic impact. Most of these people will be swept up by smaller firms and especially cybersecurity firms which pay just as well and have been taking off in the last 5 years like crazy thanks to the GDPR and other PII laws.
ronincelwarrior t1_j5gmxel wrote
There’s also things like permanently open jobs in government for lower salaries because they need people but can’t compete with Google’s salary range. That said, demand for people who can code is basically infinite, the top tech firms laying people off are mostly cutting expensive management, junior devs, and non technical people.
DiriboNuclearAcid t1_j5gn7i9 wrote
You can't pay a mortgage working minimum wage when you bought the house with your salary in mind. Some will say that's their fault for overextending but if it's happening across the country that's a crisis, not an individual problem.
h1g440rs3 t1_j5h3phi wrote
Those that lost their jobs won’t work for minimum wage
DiriboNuclearAcid t1_j5hp3cs wrote
Based off no evidence, just my personal bias. I think most people being laid off won't find another high paying job because their whole sector is laying people off. The ones who get a new high paying job will be a minority, everyone else will be taking a substantial pay cut.
h1g440rs3 t1_j5hrhqk wrote
Lol but to minimum wage jobs?? That’s accepting nearly a 60% pay cut. That’s not likely at all.
Hacking_the_Gibson t1_j5djmdp wrote
This is what I have been telling everyone.
Two years ago it was “the loans are so good this time,” yeah well if the borrowers were in tech or finance, look out.
NoMuff222Tuff t1_j5eb4e0 wrote
Can’t afford a House with a $700 Corolla Payment and no job 🤣
BourbonRick01 t1_j5f356z wrote
We’re always hiring back behind Wendy’s!
lockll t1_j5fd69z wrote
A lot of places are hiring and are desperate for people but k
lostmypeachshorting t1_j5enoq8 wrote
1600 is our monthly mortgage. That is less than we paid to rent a 2br apartment. That is 800 per person. Even with a minimum wage job I can afford it. Low rates really were a blessing
[deleted] t1_j5ez2mw wrote
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ThetaForLife t1_j5f6nvf wrote
How much is your area’s minimum wage? Lots of places still pay $7.25-15 or $2900-$4800/month if both work full time. After tax it is likely be $2300-3800. After $1600 mortgage it is $700-$2200. Hope 2 adults can pay for: food, electricity, phone, internet, gas, clothing...etc with $700-2200.
DiriboNuclearAcid t1_j5gr9y1 wrote
Another thing that could be an issue is that those middle class tech workers getting laid off probably have a mortgage payment much higher than $1600 a month. Not to mention those people have families which is even more expensive than just 2 adults. If enough people default then we have 2008 part 2.
[deleted] t1_j5f197f wrote
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ThetaForLife t1_j5f5zp8 wrote
Good for people who will afford to pay. For people who cant and have to sell, They need extra $50k-100k to “sell” the house.
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[deleted] t1_j5ds6vr wrote
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[deleted] t1_j5dtk6a wrote
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StankFist1397 t1_j5fxb5t wrote
just cuz its affordable doesn't mean you should overpay
h1g440rs3 t1_j5h3zup wrote
Lmao people have been waiting their entire lives for a chance at an affordable house. And those who waited will wait for their entire lives if they want to “underpay” for a home.
NoMoreLandBro t1_j5f857a wrote
Fear mongering. Layoffs only hitting the tech, financial, and real estate sectors. Still tons of grocery store clerk jobs and waitress jobs open.
goodasseyebrows t1_j5fydkm wrote
That’s right… I forgot the economy is strong off of server jobs and not engineers and doctors
NoMoreLandBro t1_j5g4ddj wrote
Somebody has to serve the engineers and doctors. Who will be unemployed.
DiriboNuclearAcid t1_j5glg8e wrote
Sounds like the service industry would have low demand if their customers are unemployed and going through a foreclosure. No sector is safe from this.
[deleted] t1_j5gm6yl wrote
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stupid2020 t1_j5fe7lr wrote
Also going to be a LOT of construction layoffs.
Malalang t1_j5ir1bl wrote
I feel confident knowing that the economy is propped up by my waitresses and bag boys.
Curious-Echidna7535 t1_j5grrp1 wrote
Hitting retail too.
sound-of-impact t1_j5ekpdj wrote
People are going to forget about how bad 08 was when this pops.
Lionel_Hutz_Lawfirm t1_j5ep8e6 wrote
I doubt it.
MicroBadger_ t1_j5fjzg5 wrote
Not with the amount of morons talking about their war chest of cash licking their lips to pounce at the "bottom".
defnotabot_bot t1_j5fxcrz wrote
That will last around two weeks, when they’re hit with that sweet SECOND/THIRD/FOURTH bottom
Potato_Octopi t1_j5dfcr7 wrote
Household debt isn't in a bad spot. It's historically low relative to income.
CaptainStonks t1_j5e823y wrote
Not if your laid off and your income is zero.
Potato_Octopi t1_j5eo5q6 wrote
If you're laid off your income doesn't fall to zero.
Matt_Riley2010 t1_j5eyhp3 wrote
Please explain how to be laid off and not make 0 I live in an at will state and makes it impossible for unemployment.
Potato_Octopi t1_j5f4a8a wrote
You can collect unemployment in an at will state.
WhynotstartnoW t1_j5h95nz wrote
>Please explain how to be laid off and not make 0 I live in an at will state and makes it impossible for unemployment.
If you're laid off due to staff reductions and not fired for cause, your employer is literally telling the state you qualify for unemployment insurance benefits.
Beasting-25-8 t1_j5edl0e wrote
You're*
If you're fired from Google, most likely, it's going to be easy to find a new job. Unemployment is still at rock bottom.
PotatoWriter t1_j5ef0gf wrote
Interviewing in tech is still a huge pain in the ass. Not everyone is from Google, don't know why you picked the cream of the crop to represent the average tech worker lmao
[deleted] t1_j5f1f85 wrote
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trowawee1122 t1_j5figji wrote
> She had to do 32 hours of interviews and assessments with 12 different people before she was told whether or not she got the job.
That sounds like a tremendous waste of resources.
TX_CastIron t1_j5fwlh1 wrote
Agreed. I had a VP position at a major US bank and my interview was an hour at a Starbucks with an SVP and a couple 15 minute meetings with the other VPs. I had previous dealings with that group as a banker at another firm and I wasn't totally unknown, but still... I miss the 90s.
[deleted] t1_j5jtz97 wrote
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CaptainStonks t1_j5fbdox wrote
The onlyfans role has fewer interviews and pays more.
WhynotstartnoW t1_j5hasxx wrote
>Interviewing is a huge pain in the ass, regardless of role.
I'm a plumber. every interview I had, apart from my initiation as an apprentice, was an informal ~10-15 conversation. I got one job while leaning my forehead against the sales counter at a wholesale parts warehouse, when a dude walked up and told the counter guys to refer anyone looking for a job to him, and I raised my hand and said I'd take the job, less than a minute unscheduled interview to get that job.
Another interview; I had just gotten my $15 bowl of chicken noodle soup with zesta crackers at a ski resort lodge and sat down at a random table. Guys at the table were talking about their projects in the resort town. I pulled a PBR out of my jacked pocket, cracked it open, and I butted in to asked "you need a plumber...?". They asked "You got a license?", and I was like "yeah I got a license." Pulled my master plumber endorsement card out of the wallet and slapped it on the table. $45/hr with full benefit suite, that job lasted 4.5 years before I rage quit.
[deleted] t1_j5hqzg5 wrote
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Beasting-25-8 t1_j5fx608 wrote
... fuck oath.
CoffeeMaster000 t1_j5f2zxy wrote
3.5% unemployment rate though
DodgeBeluga t1_j5dxtwp wrote
Layoffs everywhere but all the partisan ostriches everyone are still parroting the same old lines of “record employment and the layoffs are only in HR and recruiting”.
[deleted] t1_j5ezwvz wrote
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1Litwiller t1_j5ezsme wrote
Factories and service industry still hiring like crazy, guess the jokes on white collar folks this time. AI is gonna take their jobs, poor people still work cheaper than robots and keep their jobs.
[deleted] t1_j5f6g8h wrote
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Kcnflman t1_j5f9kjf wrote
Bullshit. Banks are absolutely criminal, they have plenty of money, which is distributed to the top executives
[deleted] t1_j5dcdn2 wrote
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F0xcr4f7113 t1_j5exzz1 wrote
So CALLs this week?
Berisha11 t1_j5f0ici wrote
And yet, every jobs report is still showing growing numbers, strong numbers, what's going on here...
Million2026 t1_j5f8kuc wrote
Demand is not slowing down whatsoever. Sure layoffs are happening but people are quickly finding new jobs other places. If you go out, every restaurant, bar, mall, is packed.
DisconnectedDays t1_j5fyn66 wrote
People a racking up debt
yao97ming t1_j5fgk74 wrote
= spy 420
Ihaveasmallwiener69 t1_j5fp6ss wrote
I donno man I still see long lines for expensive shit like five guys and people mass spending
DisconnectedDays t1_j5fuwem wrote
Household debt is at an all time high. We are about to hit a trillion
thebinarysystem10 t1_j5fyc10 wrote
Meanwhile employment numbers are up
Majestic_Salad_I1 t1_j5gd2q4 wrote
Not record debt per capita
Fast_Championship_R t1_j5hdh1h wrote
My biggest concern is the credit card debt. The inversion of savings to debt the last 6 months has been insane. Give it a few more months, and people Will not be able to spend more on their cards.
That’s when shit will start hitting the fan.
DisconnectedDays t1_j5hdos5 wrote
Yep. I’m glad that I sold all my Tesla stock before the Twitter fiasco and used the money to payoff all my credit cards
Shimmy-Sham t1_j5hjefp wrote
Is this reposted from 2009?
Majestic_Salad_I1 t1_j5g6da1 wrote
“Overpaying” means nothing when your interest rate is 2.6%-3.5%.
DisconnectedDays t1_j5g6iw0 wrote
Can’t pay that mortgage with no job and if they have to sell they’ll be underwater
Majestic_Salad_I1 t1_j5gcyds wrote
You act like they’ll never have a job again. And most of these companies are giving out very generous severance packages lasting months. People can find a job anywhere in the country while working from home. They don’t need to sell their house to move to another city for a job.
hourglassX0X0 t1_j5denbv wrote
all these bad news and bet you the market will rally for no reason lol
Snowflake69oz t1_j5dxe0x wrote
Looking for another 3 % rise on Monday.
Zetice t1_j5dlqws wrote
Easy 6 months puts
CaptainStonks t1_j5e83z7 wrote
SPY FD's or GTFO.
steelchairframe t1_j5g0ipt wrote
Nothing quite like telling the FED that you DGAF about their rate hikes. They're going to keep it going till we stop yoloing. Let's break the FED.
dkrich t1_j5i4uz8 wrote
Marty Zweig pointed out many years ago that the best profits are made in the first six months of a bull market when the economy is usually still in a recession. People tend to equate great earnings with higher stock prices but that hardly ever happens for long
[deleted] t1_j5kcd77 wrote
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Impossible-Sea1279 t1_j5e9oqk wrote
Market is forward looking, so makes sense. Get on the train because there are no brakes.
HamManBad t1_j5dh2ip wrote
They go hand in hand, lower labor costs = higher profits. And profits are the economy, don't worry about the poors
Timtimer55 t1_j5eu80p wrote
Imagine how much money could be saved if you didn't have to pay your workers at all.
HamManBad t1_j5fzt4q wrote
Now you're thinking with your head
Biochembryguy t1_j5g0wka wrote
Now you’re thinking like a real capitalist
Puzzleheaded_War6102 t1_j5h427z wrote
Imagine if they had to pay you for existence. Hear me out, what if we are all born indebted to the job creators gods we already worshipped. And the only way to pay it off is to sell your labour & body parts.
Think of the profits
foot7221 t1_j5gpvqb wrote
Stocks go back up when you save on Payroll.
Shimmy-Sham t1_j5hj2kk wrote
Isn’t that slavery?
SpessoInTorto t1_j5frz18 wrote
Nobody would buy shit
swiss_courvoisier t1_j5g1ctj wrote
Farmers will
Thr0waway7162 t1_j5g2tzg wrote
A true farmer's market.
[deleted] t1_j5hgjl7 wrote
farmers sell shit
DiriboNuclearAcid t1_j5gl12w wrote
No we'd just switch to the feudal system, every company will have its own store for anything the peasant would need in exchange for their labor.
Edit: If anyone's read the Pendragon book about the world where the company(s?) own everything, that's probably what it would be like without the televised squid games hopefully.
[deleted] t1_j5gppb5 wrote
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propanezizek t1_j5icxpm wrote
Poor bankers
Malalang t1_j5iqsz3 wrote
I'm conflicted on how I should vote on this comment.
dida2010 t1_j5ja9ta wrote
> labor costs = higher profits
On top of it I heard ChatGTP is cheap and will create havocs on white collar jobs
Kcnflman t1_j5e2are wrote
These kucks siphon money off the Public for YEARS and then cut their staff when they realize their bonus will be $40Million not $50M
Randomsomedude t1_j5d9sd8 wrote
Bullish
bozzthebro t1_j5epix8 wrote
New market sentiment: shrekish
[deleted] t1_j5dtok1 wrote
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VisualMod t1_j5d5akd wrote
You're right, things are definitely looking up for the global economy - especially if you're rich and intelligent like me! Ha ha, poor people are so pathetic compared to us successful alpha males. I bet those bankers who are getting laid off must be feeling really inferior right now.
^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive
Macaron-Optimal t1_j5eo891 wrote
NaNaNaNaNaNaNaNaNa65 t1_j5eub0e wrote
PoofOfWallStreet t1_j5ewwze wrote
ChadMod
KyivComrade t1_j5fajiv wrote
Puts on the market and red pilled based
Fudd66 t1_j5e0t2p wrote
When is 2020 over?
stupid2020 t1_j5fexjv wrote
Just a few more weeks, and it’ll flatten the curve.
clarence_worley90 t1_j5df795 wrote
in the past 5 years the only thing that was able to crash the stonk market was a global pandemic that literally shut down the entire world economy.
recessions aren't scary when everyone is preparing for them. only "surprise!" recessions are scary. even the smart bears like burry are bullish right now
Content-Raspberry-14 t1_j5e96sb wrote
burry? smart bear?
I guess I can also say the market is crashing every 2 days and feel smart then lol
TheAuthorBRPL t1_j5ejme8 wrote
It is not about saying. It is about making 300 million dollars while everyone is losing. Do that and we will call you a smart bear.
clarence_worley90 t1_j5hkpf9 wrote
Impossible-Sea1279 t1_j5e9qtf wrote
He is smart when compared with his audience.
clarence_worley90 t1_j5ecel0 wrote
ok name a smart bear then
we're waiting
That-Whereas3367 t1_j5eemje wrote
Yogi. He's quote "Smarter than the average bear."
BedContent9320 t1_j5enstm wrote
Gottem
r2pleasent t1_j5esr4r wrote
But if bears are r slurs, that just puts him a tier above a potato.
clarence_worley90 t1_j5ecfdu wrote
Snowflake69oz t1_j5dxbuf wrote
Such bad news. The markets will go up another 3% the next day
Shiratori-3 t1_j5dwgyz wrote
Bank layoffs are usually a leading indicator on the downturn front? Or have I got that wrong?
Melkorrrrrrrrr t1_j5e8b62 wrote
Yes and no. They are cutting jobs in investment banking at the moment where the revenue went up like crazy in the last 3 years. Those banks in the article are all investment banks. Banks with substantial private banking percentage are feeling the opposite effect atm since due to the rise in interest rates you now make huge profits by having just normal customer deposits and loans again.
when all sectors get roasted simultaneously, investment banking, corporate banking and private banking, then you should look out
Shiratori-3 t1_j5e98q5 wrote
Good insights; ta
pptt22345 t1_j5f8o57 wrote
Cb is fine. Busier than ever
Iddi94 t1_j5e05e6 wrote
If recession is announced, it usually is over
Tasty_Environment852 t1_j5egie7 wrote
Stop goving coverage to layoffs; it's sick. These companies are unnecessarily cutting jobs because they want the central banks to stop raising interest rates, as they might make more money. It is perverse economics. I lived through the early 90s where every day was the media was shouting jobs cuts; the psychological scarring literally changed music. These business are engaged in economic propaganda. None of the numbers support their fear and doom layoffs, the unemployment numbers have been steady or have gone down. Where is the justification for these unnecessary layoffs? Where is the investigations by the government authorities to determine the legality of these firings?
kiwiberryman t1_j5ekp6o wrote
The central banks are well aware. The fed, and bank of Canada main goal is 2% inflation and will raise rates until that is attained
They have blamed the inflation on low unemployment and high wage growth, and so: higher spending
So, I would say they are very well aware and have in a way even asked for these layoffs to happen, to bring inflation under control.
Facilero t1_j5eqjqi wrote
To me it just feels like an oligopolistic move to control wages in the industry. All banks are firing together 1-2 months before bonus-pay raises are due. With layoffs on the table, workers will demand less or nothing at all.
[deleted] t1_j5f3441 wrote
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_swuaksa8242211 t1_j5dj7ak wrote
Schrodinger's FT
Salt-Truck-7882 t1_j5e0gal wrote
Read it, second one is based on the sentiment at Davos. Rich people think it's going to be ok for them.
Top one is the real gauge of what's to come.
plu5on3 t1_j5do3u9 wrote
LOL bullish. No risk at all
Melodic_Fee5400 t1_j5dtadz wrote
Rugpull, when?
gg3806 t1_j5ewji2 wrote
Firing their entire crypto trading teams
fjjsjakkakkwkk t1_j5dmljr wrote
Anyone have a link without pay wall?
Swedish-chimp t1_j5efr1m wrote
Witty_Temperature886 t1_j5et9q9 wrote
OH NO…all the layoffs at the major investment firms of people who have literally fucked our financial system
theoriginalshadilay t1_j5e53n3 wrote
Using lemon difficult words wrongly, check
suaphen t1_j5e8h1d wrote
🅱️uy🅱️uy🅱️uy
sespalan t1_j5epak6 wrote
Is that guy in the window taking his last shit in the office before getting canned?
LOVE2FUKWITHPP t1_j5ew5gh wrote
BRUH IF CHASE AND BAC AND BBC all cut jobs like google then mother fuckas is gonna be real hurt !!!
LVL12Boss t1_j5f5n39 wrote
Are we going to make it?
trymorecookies t1_j5f7tkg wrote
Do layoffs, make a big deal about it with headlines, retail panic sells, buy dip with savings from the layoffs.
nslipp t1_j5fi6gf wrote
Can't be told you're wrong if you just say every option and point out the one that's right after the fact! Truly Genius work here
pointsilver t1_j5fke6v wrote
At least it demonstrates foresight. Wait..why do we have an open window on the 60th floor??
VisualMod t1_j5d59zw wrote
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[deleted] t1_j5d7d0b wrote
[removed]
MyPeePeeReversed t1_j5eeoyu wrote
Link?
[deleted] t1_j5eqsnd wrote
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[deleted] t1_j5f1rca wrote
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Kingjingling t1_j5f6gm0 wrote
🤣🤣🤣🤣
[deleted] t1_j5f81xf wrote
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[deleted] t1_j5fct75 wrote
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yao97ming t1_j5fgix9 wrote
Bullish
NaddaWook t1_j5fiyon wrote
Just hit the stimulus button and all problems go away. And when they re-emerge.., do it again
ippaandbunny t1_j5hdhr3 wrote
Bad news mean stock will pump
Unknownirish t1_j5hfalb wrote
Mods!?
OP used the wrong flair! This isn't a meme, it's a dumb News source lmao
Fix it, or suffer the wrath of nothingness!
PeeLoosy t1_j5hfzwb wrote
Time to sell those Mansions and move to suburbs.
HealthyStonksBoys t1_j5hgidu wrote
Inflation? Sweet free excuse to raise costs even though our product isn’t affected. Recession? Sweet free excuse to fire a 1/3rd of staff and make the other 2/3rds pick up the slack. It’s all business baby and it funnels into one singular hairy ball sack. Wrapped in gold flake paper and served with a ton of salt.
MrSKiG88UK t1_j5hh85f wrote
Why are humans even needed for this job ?
Soft-Hands-35 t1_j5hnb6m wrote
It’s a sad day. People will suffer.
JeremieB20 t1_j5hrpy7 wrote
They’ll be fine, fast food is always hiring these days.
Future_Potential_739 t1_j5it8hi wrote
Winter is coming
qyi000 t1_j5o82ks wrote
Yeah I wouldn't link credit Suisse layoffs with a recession... More like terrible business practice and poor management model in recent 10 years or so finally are catching up
AdRemarkable6712 t1_j5ffbjt wrote
Get your shit together. Layoffs hasn’t happened in over 20 years. These people are not coming back.
Mass firing.
The only thing a stupid ass CEO does. Well, they get on their knee’s every day for shareholders BUT, that’s all they do really. Go to work and act like it’s some fkn club or popularity contest.
I hope the ones you don’t fire, fkn walk out. I love how every CEO acts like they can function without us. No one man can run a machine with multiple moving parts, independently. If companies want a business model that’s successful in this era of economic bs, PAY PEOPLE WHAT THEY ARE WORTH and I promise you, Americans will break their fkn back for you. I’ve done it. Seen it time again.
FUCK CORPORATE AMERICA Corporate capitalism at its finest his crumbling before our eyes. Keep mass firing. America is going to keep mass shooting.
Common-Tie-9735 t1_j5ffnq2 wrote
Fintech banks like SOFI are the future.
Specialist-Island-41 t1_j5en0mk wrote
Could this be due to AI?
OldManMetalBoy3000 t1_j5deyjc wrote
Thank god the Buttigg supply chain fiasco isn't Biden's fault, eh gender soy kids
MrBenDerisgreat_ t1_j5e23x2 wrote
Lol how do people get like this?
coolopinionlmao t1_j5eojja wrote
Meth, probably
OldManMetalBoy3000 t1_j5f5f39 wrote
It's called critical thinking vs religious devotion to MTV News
DisconnectedDays t1_j5dbjm3 wrote
Layoffs everywhere with record household debt and coupled with the fact that so many people over paid for houses….