Looks there is some other economic indication that is not visible to the mainstream/street but most companies are cutting back or going through reorg/layoff, from banking sector to manufacturing to technology, and to oil and gas. Wallstreet seems to be doing well, consumer sentiment is upbeat and positive, is there something they are hiding?
5 replies (most recent on top)
Higher (really, normal) interest rates are here to stay. Companies are just re-adjusting to the "new normal" credit market, which is historically the typical "normal". Other than that, don't believe anything you hear on the news, this is a US election year, lots of sugar-coated lies will be promoted to convince you how "good" you have it. US consumers are still spending themselves into credit card oblivion.
Companies are just reacting to current interest rates. Wall Street knows they will drop soon and be back to normal by Christmas, turbocharging growth.
OP have you been under a rock for the last 2-4 years.
It’s going to be the worse since the great depression.
I’d say strong to quite strong.
Fiddling in Davos while Rome burns...
https://www.youtube.com/watch?v=4dK7YzV3kJo