JPMorgan says the U.S. is probably headed for a recession
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Re: JPMorgan says the U.S. is probably headed for a recession
#2And this is news? Hasn’t that been completely obvious since the fed was forced to hike interest rates?
Nothing in life is free, and the easy money we had, especially post COVID craziness, at some point has to have a cost.
Re: JPMorgan says the U.S. is probably headed for a recession
#3And this is news? Hasn’t that been completely obvious since the fed was forced to hike interest rates? Nothing in life is free, and the easy money we had, especially post COVID craziness, at some point has to have a cost.
What really sucks though is how much those who happened to acquire assets at the right time will do ok, and those who didn’t are SOL.
Re: JPMorgan says the U.S. is probably headed for a recession
#4I just leaned that employers are required by law to report layoffs in advance to the state and you can see the list here:
https://edd.ca.gov/en/jobs_and_training/Layoff_Services_WARN
Salesforce, Atlassian, Truepill, Waymo, Zoom, Rivian, Impossible foods, etc
Re: JPMorgan says the U.S. is probably headed for a recession
#5This is gonna be a bumpy ride. Glad I have saved up a nest egg.
Though if the US dies it is not gonna save me either way.
Re: JPMorgan says the U.S. is probably headed for a recession
#6Already has been, just the stock market is catching up to the real economy. This is the logical conclusion to the K-type recovery from helicopter money.
Re: JPMorgan says the U.S. is probably headed for a recession
#7And this is news? Hasn’t that been completely obvious since the fed was forced to hike interest rates? Nothing in life is free, and the easy money we had, especially post COVID craziness, at some point has to have a cost.
What really sucks though is how much those who happened to acquire assets at the right time will do ok, and those who didn’t are SOL.
Replace "happened to" with "had literally any ability to". This'll be yet another slap in the face for millennials after several previous rounds of being slapped before the ladder was pulled up each time.
Re: JPMorgan says the U.S. is probably headed for a recession
#8This is gonna be a bumpy ride. Glad I have saved up a nest egg. Though if the US dies it is not gonna save me either way.
The US has a recessions about twice a decade; its also had several depressions, though not for quite a while.
They do not mean “the US dies”.
Re: JPMorgan says the U.S. is probably headed for a recession
#9I just leaned that employers are required by law to report layoffs in advance to the state and you can see the list here: https://edd.ca.gov/en/jobs_and_training/Layoff_Services_WARN Salesforce, Atlassian, Truepill, Waymo, Zoom, Rivian, Impossible foods, etc
Multiple states have a similar law but it gets worked around. They usually work around this by providing a “severance” that covers the legal period of time before they have to notify their employees; and they only have to do any of this above a certain threshold of how many employees are getting laid off.
So if the law says you have to notify 2 months in advance, they’ll instead give you at least 2 months severance, lay people off first, then announce through here.
I felt I had extra information when I found out about WARN of NYC, but shortly after learned about the work around above. I think the same workaround is used in other states but not 100% certain.
Re: JPMorgan says the U.S. is probably headed for a recession
#10This is gonna be a bumpy ride. Glad I have saved up a nest egg. Though if the US dies it is not gonna save me either way.
The US has a recessions about twice a decade; its also had several depressions, though not for quite a while. They do not mean “the US dies”.
There's a little over $200 billion dollars left in the US treasury right now, we have higher debt-to-GDP than Greece did at the beginning of their sovereign debt crisis, AND we have persistent high inflation. Something has to give. You can't fight inflation and pursue monetary easing at the same time.