Stock market tumbling, still no big layoffs news ?
Title TC - 240
All the anxiety about the deeds of the Orangutan and his petty trade war
Stock market was at the highest valuation in 130 years save for 6 months in 1929 and about a year in 1999-2000 (Shiller PE ratio). Sentiment doesn’t necessarily reflect economic reality, particularly when you are coming out of QE for the first time in history. Surprise, assets are worth less when you can earn 2% in a money market account.
This. Bush and Obama benefited from coming out of recessions. QE has inflated bubbles so much that a necessary recession is delayed. Crap and junk doesn't go away without recessions. Crashes eliminate the 'unfit' businesses and practices.
If there’s going to be layoffs that will probably change come January
Every state has a warn notice listing layoffs for companies with 50 plus employees. Here’s California’s. https://www.edd.ca.gov/jobs_and_training/warn/WARN-Report-for-7-1-2017-to-06-30-2018.pdf
Holy shit. Just parsing this document and discussing trends would be a worthy thread.
Through December 2018 https://www.edd.ca.gov/jobs_and_training/warn/WARN-Report-for-7-1-2018-to-12-10-2018.pdf
Wow, surprised to see so many people impacted at Sears and Kmart and Lowe’s 😳 (not)
The recession is not there yet. The stock market is trading on derivatives, not current economic status.
You mean calculus derivatives or financial derivatives?
Winter is coming
Winter is already here
Nope. Not here in Hawaii