A TSUNAMI OF LAYOFFS on the way. Bidenomics in action. You voted for this. Enjoy the destruction!

[prospectheightsresident]

Originally Posted by sholomar

We need a forced recession. I don't really care if people find that opinion unpopular. Belling did bring up a good point yesterday though... the current Fed chairman was appointed by Trump. If democrats really wanted to play the blame game they could have blamed Trump for appointing an inept Fed Chairman, except that Biden gave Jerome another term under his watch.

The fact that they never criticize Fed policy or mention QE much at all within the media shows who's running the show. It's supposed to be the job of central bankers to keep government overspending in check, not enable it by doubling the balance sheet in a single year.

https://www.federalreserve.gov/monet...centtrends.htm

You can see what happens when they try to do any QT... they are unable to continue for long. I can't wait to see what happens here and I hope they actually try to unwind multiple trillions of dollars of these bonds. You can see in late 2019, before covid started, they were forced to stop QT. Covid came along at the perfect time for them.. .gave them an excuse to pump like never before.

IMO, blaming the fed wouldn't even work then as many on that side wanted mass spending that only Sinema and Manchin stopped (due to their refusal to eliminate the filibuster). Had they had their way, we'd be in even worse shape.

[Taratova]

Originally Posted by Goodnight

You don't credit him for the low unemployment rate of 3.6% but you are ready to blame him for layoffs, makes sense.

I guess the president is somehow responsible for layoffs in the tech industry, maybe you can explain.

Besides this is a prediction, let's see how this turns out.

The rest of America is on welfare which the socialists love.

[ukrkoz]

Originally Posted by MJJersey

Let’s hope that Tsunami turns red this November.

Even if it will, it will do nothing as, what is going on in the US is only fraction of the GLOBAL crisis.
It does not matter, who is in the WH, maybe, only what level of deviants is promoted. But, economy wise, all this started in 2008 and never stopped.

Trump was supposed to slow this down and dampen the major damage. Biden was predicted to go into free fall. Meaning - clans, that stand behind either man. As, neither clan has any functional long term plan to salvage the sinking global ship. Just some had better pumps to pump the water out and, maybe, get to safe harbor and save more passengers along the way.
But ship will capsize either way. Will it capsize under rainbow flag or confederate, makes no difference to the laymen.