All Of The Elements Are In Place For An Economic Crisis Of Staggering Proportions

The Economic Collapse Blog ^ | 2/15/24 | Michael Snyder

[chopperk]

It will take Trump’s dynamic genius to prevent total destruction of the Dollar and the Economy.

[sunny bonobo]

Economics is called the dismal science for good reason. Economists have predicted 11 of the past 3 recessions.
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I see what you did there. LOL

[Alas Babylon!]

At some point after Trump is (re)elected, we’ve got to repeal the 22nd amendment. I’m not kidding. Four years won’t be enough time to save the country.

[plain talk]

Yes good advice. Decrease stock market exposure and risk with age. Now with bond rates rising one can get hammered there thus I supplement bond funds with lots of cash unfortunately.

[DesertRhino]

And the 19th…

[Chode]

[griswold3]

I’m from Missouri. The numbers have been bad for a long time. Yet, here we still are.

[crusty old prospector]

Ha ha.

[ncfool]

How much is enough?
Have a big stock portfolio…. Don’t want to liquidate it as it’s very taxable.
How much is enough for a 66 year old to have to make it to age 90?

[ncfool]

Layoff’s are just beginning …..

In early 2024, we have also seen large employers ruthlessly slash payrolls all over the nation.

The following summary of some of the most shocking layoffs that we have seen recently comes from Zero Hedge…

1. Twitch: 35% of workforce
2. Roomba: 31% of workforce
3. Hasbro: 20% of workforce
4. LA Times: 20% of workforce
5. Spotify: 17% of workforce
6. Levi’s: 15% of workforce
7. Xerox: 15% of workforce
8. Qualtrics: 14% of workforce
9. Wayfair: 13% of workforce
10. Duolingo: 10% of workforce
11. Washington Post: 10% of workforce
12: Snap: 10% of workforce
13. eBay: 9% of workforce
14. Business Insider: 8% of workforce
15. Paypal: 7% of workforce
16. Okta: 7% of workforce
17. Charles Schwab: 6% of workforce
18. Docusign: 6% of workforce
19: CISCO: 5% of workforce
20. UPS: 2% of workforce
21. Blackrock: 3% of workforce
22. Paramount: 3% of workforce
23. Citigroup: 20,000 employees
24. Pixar: 1,300 employees

[ncfool]

Layoff’s are just beginning …..

In early 2024, we have also seen large employers ruthlessly slash payrolls all over the nation.

The following summary of some of the most shocking layoffs that we have seen recently comes from Zero Hedge…

1. Twitch: 35% of workforce
2. Roomba: 31% of workforce
3. Hasbro: 20% of workforce
4. LA Times: 20% of workforce
5. Spotify: 17% of workforce
6. Levi’s: 15% of workforce
7. Xerox: 15% of workforce
8. Qualtrics: 14% of workforce
9. Wayfair: 13% of workforce
10. Duolingo: 10% of workforce
11. Washington Post: 10% of workforce
12: Snap: 10% of workforce
13. eBay: 9% of workforce
14. Business Insider: 8% of workforce
15. Paypal: 7% of workforce
16. Okta: 7% of workforce
17. Charles Schwab: 6% of workforce
18. Docusign: 6% of workforce
19: CISCO: 5% of workforce
20. UPS: 2% of workforce
21. Blackrock: 3% of workforce
22. Paramount: 3% of workforce
23. Citigroup: 20,000 employees
24. Pixar: 1,300 employees

[hinckley buzzard]

We’ve been hearing warnings about “the final reckoning” for 30-40 years now. Yes the economy is sick, but these bears have cried wolf once too often. Bad times ahead for sure, we’re in bad times now. Apocalypse no.