Apparently Oracle announced thousands of layoffs today. Siemens as well.
Amazon over 100,000 job cuts.
Google is pondering whether they should cut as well.
It’s going to be a rough summer/fall.
Seems like it. Siemens Garmesa, not Siemens Energy, but still.
I always cringe a little bit when I see the Siemens name
Summer?
Can we all agree it’s such a weird economy?
https://www.wsj.com/amp/livecoverage/stock-market-news-today-08-05-2022-jobs-report
Now the Fed will be looking to raise rates again. How does this end?
Absolutely. I’d add that monetary policy solutions are not linear.
Weird economy, sure. Raising rates isn’t too weird. What was weird was them being way too low for way too long.
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How would you prefer to stifle inflation? You gotz some ruby slippers or somethin’?
At this point I would prefer negative interest rates to high interest rates.
Then you aren’t aware of how inflation works.
Contrary to popular opinion, negative rates don’t necessarily encourage/cause inflation. In many cases they can reduce inflation.
They would also continue to support the credit system in place encouraging more borrowing. Lastly, it would allow our government to actually pay off some fucking debt if they had the will to.
The more you type, the more you show how absolutely clueless you are about basic economics.