Word I heard today is that the feeling is that Schwab will indeed have another round of layoffs in Q1 or Q2 unless the rates magically rise. Given the climate, that seems impossible. Schwab hitched their wagon to the idea that rates will normalize. How they didn't see the looming debt crisis (public and private) and the bond bubble is beyond me. We've been living off of near zero interest rates for almost a decade during this "recovery".
things about to get ugly.
Found this post from @117vHXUX-rgx on another thread, where it was posted as a reply. I was hoping to get some thoughts on these claims?