WARNING - WARNING - WARNING - Yield curve inverts to its deepest level since 1982!!!!!!

[SAN_Man]

Tech layoffs are really starting to pile up. Doordash just announced they're laying off 6% of their workforce.

62,000 Americans were laid off November. UP from 23,000 in October.
https://layoffstracker.com/united-states/

The economy is not well, inflation has been eating up wage gains, real incomes have been dropping during the Biden presidency (we're getting poorer).

[michiganmoon]

And...the BLS has a 2.7 million jobs gap between their survey and home data survey. The biggest gap ever.

The "apolitical" BLS, which depends on Democrats granting them more and more, keep magically inflating employment numbers during election years when a Democrat is in office.

So weird.

I'm sure it is completely innocent.

https://www.zerohedge.com/markets/so...ayrolls-report

[SAN_Man]

Since Joe's Inauguration, the Nasdaq is DOWN 17%.
The S&P is DOWN 16% in 2022.

If the economy is well and booming like Biden likes to tell us, why are the markets down? Why are layoffs piling up? Why did we have two consecutive quarters in 2022 with negative growth (recession)?

[Igor Blevin]

Originally Posted by Crossfire600

What did they think would happen after pumping what? 8 trillion into the economy in 24 months?

I heard it was $9 trillion, but who is counting? What is a trillion dollars between friends?

A trillion here. A trillion there. He played knick-knack on my shoe.

[Stephan A Smith]

Originally Posted by tipsyguam

Powell doesn't think inflation is transitory anymore?

Nope. He doesn't.

Unfortunately Biden doesn't think there is any inflation at all.

[Retroit]

The investing public has been forewarned. It's still not a terrible time to get out of the market if you missed your best chance a year ago.