... and what will be an impact on Oracle?
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The probability for recession has definitely increased of late, but nobody can say for certain that it will happen. AFAIK, comp this year will be roughly the same as last year. Next year is anyone's guess.
The People Who Own Us, you know the Fed and all those monetary policy orgs, they are rooting for recession in order to cool the labor market. So all that recession talk? It’s out there for a reason: FUD.
Don’t feed this gigantic troll
As bad as our bonuses have been for this fiscal, next year they will be half this year’s (assuming they don’t drop you, and you are reduced to being a Walmart greeter, or flipping burgers at the Golden Arches)
It's already around the corner! Some companies are now starting to layoff people because their stock price was already cut in half. How can people say there will be no recession??
they will not give us raises and inflation will continue
we'll be paid less
not good for us
good for them
Yes it is coming. We are one quarter away from having one with inflation running out of control (real inflation is close to 15% when you factor energy and food something they do not include in today's figures. See shadowstats.com for the details) and with the fed raising interest rates to try to get it under control and the fed printing yet more money it is all but inevitable.
It will give Oracle plenty of excuse to cut even more, people benefits, you name it.
No I don’t think a recession will happen. Yes there is some inflation. Unemployment is 3% though.
By keeping our wages down during the good years, they can continue to pay us during the lean, like biblical Joseph in Egypt.
No and therefore no