Folks, don’t worry or take stress. World is not stopping. It’s just until elections all these layoffs will happen. After that again the economy will grow and companies will start hiring. Enjoy the time with family and friends. Don’t think much.. it will spoil your health unnecessarily.
15 replies (most recent on top)
40 years of layoffs across virtually every industry to the contrary.
Real capitalists have been charging what the market will bear and it's become apparent that most large organizations have a lot of unnecessary people, so layoffs mean even more profit. The NASDAQ is up 41% over 11 months and the S&P500 is up 37% over the same time period, and the various predictions I've seen for real GDP growth over 2024 (which accounts for inflation) average around 2.7% which is still good.
Oil: Biden's administration has averaged 500 rigs, compared to 666 under Trump. Smaller supply = higher prices.
I know dude, I read those charts as well.
US imports more crude than it exports. Reverse is true for natural gas, liquids and some other refined petroleum products.
From:
https://www.eia.gov/energyexplained/us-energy-facts/imports-and-exports.php
The first graph validates "In terms of overall energy the US produces more energy than it consumes and it exports more energy than it imports."
Google isn't coughing up the article I used yesterday with the same first graph but numbers on what they called "oil" in another part of the article were probably for "petroleum products," the exports of which more than offset the imports of crude oil in terms of BTUs. Crude oil is the only source shown in the second graph where the US is still importing more than it exports. "Petroleum products" are differentiated from "natural gas" and "coal and coal coke." In both graphs the turning point started around 2004/2005 and accelerated considerably.
US imports more crude than it exports. Reverse is true for natural gas, liquids and some other refined petroleum products.
Dude, please don't "ki-l yourself" if you get laid off; your family would rather have you than the money.
Your delusional if you think layoffs stop after the election.
You must have moved on from Cisco by now to recognize that what's been happening for 40 years in industry overall is likely to continue.
Make sure you have gold and crypto.
In 2008 I was looking at recommendations from other countries that had economic and currency collapses. In those conditions gold isn't worth any more than gold plated trinkets because the people you trade with won't be able to tell the difference.
If we end up in conflict with those making "just in time" replacement parts for technology and we can't get replacements many of the 25,000 kinds of crypto currency may become difficult to use.
The most effective things to have are outside the bounds of this site, but plenty of conservatives at Cisco can explain it to you, although they seem overly optimistic about what happens when they encounter like minded people in the apocalypse.
Brace for something far worse than recession: welcome to the 70s and stagflation
"There is no political solution at this point to the recession that’s coming. Neither trump or the current admin is gonna save you. Make sure you have gold and crypto."
Agree. Except also add in shelf stable food and ammo. I won't trade either for gold or crypto if it gets real bad.
FYI, rumor is that there is huge longshoreman strike on the way. That will cripple supply chains.
Most people really have no clue how bad things really are. Unfortunate.
There is no political solution at this point to the recession that’s coming. Neither trump or the current admin is gonna save you. Make sure you have gold and crypto.
No recession now that there’s no way Trump will win
The Feds are expected to lower interest rates. This will curb unemployment, but it also means we'll have a bit more inflation
Love the clueless and desperate spin in on this website. Read about the 1970s. It’s back.
The Feds are expected to lower interest rates. This will curb unemployment, but it also means we'll have a bit more inflation.
Your delusional if you think layoffs stop after the election. You might want to read the financial analysis that shows the exact opposite. The recession has begun