Forget all the noise you hear from the politicans….
America, and other places have a Recession ALREADY running along side a Inflation problem…
Things ARE gonna get worst as the Fed digs the hole deeper….
Higher interest rates lead to lower inflation because they cool the economy by raising borrowing costs for consumers and companies. That can lead companies to rethink spending plans or lay off employees, and eventually a restricted economy can become a shrinking economy.
With U.S. inflation running so high, at 8.2 percent in the year through September, it may take some time before it falls in line with the Fed’s target of 2 percent. As a result, once inflation has returned to a more comfortable level, the economy may be suffering and the Fed will need to lower interest rates to stimulate growth again.
That’s why longer-dated Treasury yields are below short-dated yields at the moment. “There is an expectation that interest rates will reach a restrictive level, beyond what the economy can sustain long term, slowing the economy,” said Mark Cabana, an interest rate strategist at Bank of America. “It’s a signal that we are likely heading for a recession.”…
In Recession’s people get laidn off from their jobs….
THAT is ALREADY occurring….
It’s a brutal, fearful time for American media — with companies scrambling to cut costs and secure cash in a scenario reminiscent of the early pandemic.
Driving the news: New data from Challenger, Gray & Christmas finds that news media layoffs are beginning to tick up again after a relatively stable summer.
- So far, nearly 3,000 media jobs have been cut this year, with more than one-third (1100) coming from the news media industry.
- BDG, Recount, Gannett, Recurrent, CNN, Netflix, Acast, Future, Warner Bros. Discovery, G4, and more have all announced layoffs in the past two months…..
Earlier this week, Microsoft reportedly let go of nearly 1,000 employees, including those working in Xbox console gaming, Microsoft Strategic Missions and Technology organization, and other divisions. And it wasn’t alone. Data from Crunchbase suggests that by October 2022, more than 44,000 U.S-based tech workers have been laid off by their employers. Hirect also found that the ongoing layoffs in tech have so far impacted 14,000 highly skilled employees from U.S.-based tech startups alone….