Thread regarding Cisco Systems Inc. layoffs

Good I hope we have stagflation

🤡🤡 comment. You, really, really, don’t want stagflation. It’s all the worse parts of a nasty recession combined with runaway inflation and very high unemployment.
Under those conditions, buying a house is the last thing you’ll be thinking of.

Isn't this the guy who needed the government to bail him out in 2008 because he couldn't manage his own bank?

The worst outcome would be real capitalism where the debt crisis finally bankrupts everyone and the world economy completely collapses.

Good I hope we have stagflation, housing is way too expensive and it's time for those who bought in during low interest rates to finally feel the heat. Bring down those home prices, they are way out of line

https://fred.stlouisfed.org/series/USSTHPI

You don’t leave a gig like this unless you know another financial crisis is coming in a month or two

https://www.financemagnates.com/trending/jamie-dimon-nears-the-exit-jpmorgans-top-dog-is-planning-ahead/amp/

stagflation for the next 3 to 5 years would mean few if any jobs available

@nxt+1uvkcpNr

No worries, ‘cause you don’t have a family.
Your mother is a man and father is a G0lem

But why is it even a surprise? First they begin rate hikes very, very late & now they will begin rate cuts too early.Two wrong rate cuts & we see a face-ripping inflation with massive unemployment across the Western hemisphere with a bitter taste of stagflation through 2027.

Pretty bad when it makes top headlines in my hometown newspaper in Greece. we lead the world in stagflations !
https://greekcitytimes.com/2024/09/14/jpmorgan-chief-jamie-dimon-warns-us-economy-faces-an-outcome-worse-than-a-recession-daily-mail-reports

Dimon knows what’s coming in a month.
massive downturn

It’s a joke from the movie Caddyshack

Plot twist: 'collies' is what they call Interns over there at JPMorgan

JPMorgan Chase CEO molests collies.

Are you a Trump supporter?

JPMorgan Chase CEO molests collies.

Yup