Layoff's up?
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Layoff's up? (by MikeA [TX]) Jun 24, 2022 2:47 PM
       Layoff's up? (by Pmh [TX]) Jun 24, 2022 3:54 PM
       Layoff's up? (by Ken [NY]) Jun 24, 2022 6:22 PM
       Layoff's up? (by MAP [NY]) Jun 24, 2022 8:33 PM
       Layoff's up? (by 6x6 [TN]) Jun 24, 2022 9:52 PM
       Layoff's up? (by hubba hubba [CA]) Jun 25, 2022 1:00 AM
       Layoff's up? (by DJ [VA]) Jun 25, 2022 10:13 AM
       Layoff's up? (by MikeA [TX]) Jun 25, 2022 10:54 AM
       Layoff's up? (by S i d [MO]) Jun 26, 2022 1:45 PM
       Layoff's up? (by plenty [MO]) Jun 26, 2022 5:44 PM
       Layoff's up? (by T [IN]) Jun 26, 2022 7:18 PM
       Layoff's up? (by Ray-N-Pa [PA]) Jun 26, 2022 10:23 PM
       Layoff's up? (by Pmh [TX]) Jun 27, 2022 3:36 PM
       Layoff's up? (by Dan [NY]) Jun 29, 2022 2:58 PM
       Layoff's up? (by Pmh [TX]) Jun 29, 2022 5:50 PM
       Layoff's up? (by Dan [NY]) Jun 29, 2022 8:17 PM
       Layoff's up? (by 6x6 [TN]) Jun 29, 2022 8:46 PM
       Layoff's up? (by Dan [NY]) Jun 29, 2022 9:37 PM
       Layoff's up? (by Dan [NY]) Jun 30, 2022 6:20 PM
       Layoff's up? (by Pmh [TX]) Jun 30, 2022 6:26 PM
       Layoff's up? (by Pmh [TX]) Jun 30, 2022 6:32 PM
       Layoff's up? (by Dan [NY]) Jun 30, 2022 6:49 PM
       Layoff's up? (by Dan [NY]) Jun 30, 2022 6:54 PM
       Layoff's up? (by Pmh [TX]) Jun 30, 2022 7:04 PM

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Layoff's up? (by MikeA [TX]) Posted on: Jun 24, 2022 2:47 PM
Message:

I have a web portal set up to serve news from various sources. This morning was the layoff reporting day I guess. Articles each on Tesla, Netflix, a large aluminum producer in KY, Redfin and Compass, and Coinbase. Reading one article occasionally on a layoff is normal, 5 articles in one morning is a first. Makes me wonder if this is the beginning of cracks forming in the market that will become more common as we move forward. Inflation, higher interest, and inflated labor costs converging to make it difficult for companies to survive. Am I being paranoid or are you seeing a trend as well?

--209.205.xxx.xx




Layoff's up? (by Pmh [TX]) Posted on: Jun 24, 2022 3:54 PM
Message:

paranoid…think long term…. --107.120.xx.xx




Layoff's up? (by Ken [NY]) Posted on: Jun 24, 2022 6:22 PM
Message:

I agree with Mike,I believe we have reached the peak of the market for real estate and the economy in general is headed south --74.77.xx.xx




Layoff's up? (by MAP [NY]) Posted on: Jun 24, 2022 8:33 PM
Message:

Another vote for recession and layoffs. Peter Schiff knows what he is talking about. --72.231.xxx.xx




Layoff's up? (by 6x6 [TN]) Posted on: Jun 24, 2022 9:52 PM
Message:

I have been reading of layoffs as well, mainly from the tech sector, from what I understand. --73.120.xx.xxx




Layoff's up? (by hubba hubba [CA]) Posted on: Jun 25, 2022 1:00 AM
Message:

Any industry that is reliant on cheap money is vulnerable now.

--157.131.xxx.xx




Layoff's up? (by DJ [VA]) Posted on: Jun 25, 2022 10:13 AM
Message:

But still, there are "help wanted" signs everywhere. --68.229.xxx.xxx




Layoff's up? (by MikeA [TX]) Posted on: Jun 25, 2022 10:54 AM
Message:

DJ, you are right. What I lived through in the early 80's was certain industries hit hard at first. Back then it was the construction industry which I got caught up in. Then it spread to automotive, service, and then pretty much everywhere. I don't expect this one to be any different other than it may not start in the construction industry. That would be another good indicator of the cancer spread, when you see less and less help wanted signs. --209.205.xxx.xx




Layoff's up? (by S i d [MO]) Posted on: Jun 26, 2022 1:45 PM
Message:

A lot of help wanted signs I see are for lower paying jobs. Fast food, retail sales, etc. --184.4.xx.xx




Layoff's up? (by plenty [MO]) Posted on: Jun 26, 2022 5:44 PM
Message:

And I have applied for some of those jobs and not been hired, so I concur the jobs don't exist. Or their sales are not yet up to the level to afford to hire, yet they lack employees and service. Just an observation. --172.56.xx.xxx




Layoff's up? (by T [IN]) Posted on: Jun 26, 2022 7:18 PM
Message:

yep. locally, all counties and surrounding counties were up .5% on unemployment. This isn't 2008/9... but it has started. The economy is cooling... somethings are still inflating in price... but others are coming down (lumber).

My take: 1970's again, there was really high inflation year 8-10%. The next year, 1%. Then 0... then 8% again. Employment tracked that too... --76.77.xxx.xxx




Layoff's up? (by Ray-N-Pa [PA]) Posted on: Jun 26, 2022 10:23 PM
Message:

How bad the slow down will be on Main Street is an unknown and many CEOs are playing the downsize game ahead of time. The real impact on real estate market place values will not be for another six months......but leg one is dropping as I called it. The stock market is in bear territory.

Interest Rates are raising to control inflation but they are not specifically targeting CORE inflation causes. So things are not looking so rosy short term for real estate. --24.101.xxx.xxx




Layoff's up? (by Pmh [TX]) Posted on: Jun 27, 2022 3:36 PM
Message:

Mike: TX employment rates are now as high as they have ever been. and again we have more cos moving here. look at where the layoffs are happening. not here. I wish I had more $ to buy more houses….. --107.120.xx.xx




Layoff's up? (by Dan [NY]) Posted on: Jun 29, 2022 2:58 PM
Message:

I follow macroeconomics a lot these days. The Federal reserve is under pressure to fight inflation, and they know that we're past due for a market crash. They want to be able to lower rates in the future to respond to the next crash, but rates were already too low to go much lower.

So the Fed doubled the rates over the course of the last year. That means the same amount of purchases made on credit cost way more, because the interest payments are doubled. In turn this means that people and companies relying on debt to finance spending have to spend way less.

So how do they do that? They cut out all the spending they don't need. They cut Netflix subscriptions. They cut Airbnb rentals. Then companies that supply those luxuries have to lay off half their workforce, and the people laid off have to cut their expenses too.

People sell off investments to pay bills, and that drops the price of stocks. Then people who bought stock on margin get margin calls, and their selling off drops the price even lower.

The U.S. economy is already in recession, but the recession hasn't been announced yet. When people are more worried about the recession than they are about inflation, rate cuts and stimulus spending will happen again, but these measures will cause more inflation, and may not be enough to reverse the recession. Also watch out for the effects of more "food shortages" this fall, which will drive up the price of food, and thus cut discretionary spending even more.

Got it? --67.87.xx.xxx




Layoff's up? (by Pmh [TX]) Posted on: Jun 29, 2022 5:50 PM
Message:

Dan: feds raising rates bc want to quash inflation. then again the feds have never got it right. they are not looking to raise rates now so they can lower later. they are doing knee jerk reactions. meanwhile we all remember last year WH declaration that July 4th bbq cost was less than 2021…by 16 cents. this year up $10 yoy. f j b --107.120.xx.xx




Layoff's up? (by Dan [NY]) Posted on: Jun 29, 2022 8:17 PM
Message:

"they are not looking to raise rates now so they can lower later"

Really? You live in Texas. Did you ever tour the Federal Reserve museum at 2200 N Pearl St, in Dallas? They have an exhibit in the museum on using interest rates to influence the economy.

The point of the exhibit is to teach that the Fed has to constantly adjust rates to keep economic activity from getting either too hot or too cold without overshooting the mark. It has a clear plastic pneumatic tube, and the public is invited to adjust the airflow in the tube to keep an object levitating in the center without overshooting in either direction.

For years the Fed was toying with the idea of negative interest rates, but one of the problems with negative rates is that people can just take their money out and store it as cash. Switching to CDBC will be a way to cure this, and the Fed is now pushing CDBC.

Also do you follow investor Michael Burry's predictions about the Fed Funds Rate? He made money betting on the 2008 mortgage crisis before it happened, he made money betting on the recent rate hikes before they happened, and he's saying that the Fed is raising rates to get "dry powder" for dropping rates again in the future. --67.87.xx.xxx




Layoff's up? (by 6x6 [TN]) Posted on: Jun 29, 2022 8:46 PM
Message:

CDBC ? --73.120.xx.xxx




Layoff's up? (by Dan [NY]) Posted on: Jun 29, 2022 9:37 PM
Message:

Typo. I put the letters in the wrong order.

CBDC = Central Bank Digital Currency

It would use the same kind of blockchain technology as Bitcoin, but would be issued by Central Banks and be a replacement for existing currencies. In the case of the United States, a CBDC would be issued by the Federal Reserve, and be a replacement for the dollar.

"Advantages" are that:

* The money could not exist outside of computers, and therefore pulling your money out of the system and storing it under your mattress would be impossible. That means no avoiding negative interest rates.

* Transactions are only possible trough updating distributed legers, and therefore no transactions that the government can't see.

* No counterfeiting.

* No irreversible or untraceable wire transfers.

* No employing someone off the books and hiding payments from the government if they're paid with CBDC.

* No selling a used boat and taking a payment for $4,500 but writing $1,000 on the bill of sale to cut taxes.

* The central government giving money to people, taking it away, or freezing assets can be done almost instantly from a computer terminal in Washington no matter where in the world the target is.

If you watched what happened with funds sent to the "Freedom Convoy" in Ottawa, or what happened with the Russian Government and payments through SWIFT (Society for Worldwide Interbank Financial Telecommunications), you can see that CDBC solves a great number of problems for the U.S. Government.

Before someone says the Fed isn't working on this: newsflash, they already wrote the software and tested it. They plan to roll it out, but are giving people a while to get used to the ideal. Less than two weeks ago Fed Chairman Jerome Powell announced:

"Looking forward: Rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future. Most major economies already have, or are in the process of developing, instant 24/7 payments. Our own FedNow service will be coming online in 2023. And in light of the tremendous growth in crypto assets and stable coins, we are examining whether a U.S. central bank digital currency would improve upon what is an already a safe and efficient domestic payment system. As our white paper on this topic notes a USCBDC could also help maintain the dollar's international standing." --67.87.xx.xxx




Layoff's up? (by Dan [NY]) Posted on: Jun 30, 2022 6:20 PM
Message:

Let's start a betting pool on when a recession will be announced. I'm putting my dollar on tomorrow: 7/1/2022. --67.87.xx.xxx




Layoff's up? (by Pmh [TX]) Posted on: Jun 30, 2022 6:26 PM
Message:

Dan: I don’t need to visit the museum. if you want to learn about recent history perhaps compare what Powell said last year & is now saying this year…on a side note Yellens mea culpa is entertaining…not. --107.120.xx.xx




Layoff's up? (by Pmh [TX]) Posted on: Jun 30, 2022 6:32 PM
Message:

and as a follow up:Dan: I suggest you quit drinking the kool aid. look at BTC closing price today. see how many stable coin cos have gone belly up the last 3 weeks. I think Colombia is now regretting it’s move… --107.120.xx.xx




Layoff's up? (by Dan [NY]) Posted on: Jun 30, 2022 6:49 PM
Message:

You really think they were stupid enough to believe that inflation would be "transitory"?

First inflation wasn't happening, then it was transitory, then it was caused by COVID, then it was a good thing that we should all welcome, then it was caused by Putin. If a tenant comes up with five totally different and contradictory reasons for not paying rent, do you think they're confused about where the rent money went, or do you think they're trying to bs you?

You think that no economist working for these people mentioned to them that suddenly doubling the number of dollars in existence would have an effect on the purchasing power of individual dollars? --67.87.xx.xxx




Layoff's up? (by Dan [NY]) Posted on: Jun 30, 2022 6:54 PM
Message:

Do you think crypto-currency ponzi schemes make it harder for the Fed to foist CBDC on the public? I think the bursting of the ponzi schemes, and plummeting prices for Bitcoin gives them an opportunity.

Gee did your crypto wallet company go belly up and take all your money? How would you like a new crypto wallet guaranteed by the Federal Reserve? We'll give it to you for free, just download this app. --67.87.xx.xxx




Layoff's up? (by Pmh [TX]) Posted on: Jun 30, 2022 7:04 PM
Message:

danny boy: reread my comment about powell & understand my comment. all rational persons knew inflation was not going to be “transitory” and no matter how much current inflation is blamed on putin we all know that is hogwash. we are in the same page. I think my son did lose $25 on doge…now he knows better. Lol. I can’t wait till Nov. go joe… --107.120.xx.xx



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