I have to be honest here: the more we’re told that everyone is fine and things are great, the more nervous I become. Because what consequences do any of these commentators or politicians actually face if they make a “bad judgment call” to the public? Basically nothing. Read...
[buzzsprout episode='11058329' player='true'] Key topics: ✔️ ICYMI news, 7/31 - 8/5. ✔️ Apparently, August 2nd was the day we were allowed to know that more people are relying on credit cards and debt is crazy-high. But hey: remember when we were constantly told that people are doing great and have plenty in...
On Friday, 7/29, Yahoo Finance published this article, which you can find here: https://finance.yahoo.com/news/recession-economy-chart-explains-july-2022-153839171.html From said article: "U.S. economic output has contracted for the last two quarters, though a new report from economists at Bank of America (BofA) Global Research explains why this back-to-back drop in GDP...
[buzzsprout episode='11034023' player='true'] Last summer, I talked about people like Teddy the Tailgate Negotiator and Ned the Needy. In this episode, I add a couple of new ones to my Hall of Infamy: Tammy the Tattletale and Blaine the Blame Gamer. Key topics: ✔️ Here's an uncomfortable reality...
Ya know how I've repeatedly said not to wait until you've been "officially" told to think ahead? This is but one reason why. 3 weeks ago: things'r doin' great. 1 day ago: umm, ruh-roh. In trying to click on the actual Reuters article, I received an error that...
Wow. You can find that article in its entirety here: https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/ Does this give anyone else a flashback to the Wayne Pankratz situation about high gas prices and its impact on workers? Allegedly, it was Machiavelli who first observed, "Never waste an opportunity offered by a good...
[buzzsprout episode='11044511' player='true'] In this bonus episode, I want to tackle the question: what do I mean when I say, "There are some people IMO who aren't gonna make it" through whatever economic situation is a'brewing? Key topics: ✔️ Disclaimer here: this is not advice. I cannot tell...
I saw early cracks in the foundation before the general public did because I am in the job market every single day. It is the bellwether I use because I know it so well. And when I saw hiring managers beginning to pull back, become...
[buzzsprout episode='11015146' player='true'] Saturday broadcast, 7/23 - 7/29. Key topics: ✔️ ICYMI news. ✔️On June 30th, one of my job market predictions was that we would see more zombie companies propped up by hot air, debt, and VC money going under. That's already happening. ✔️More layoffs & hiring freezes. ✔️ Cannibalism, new "definitions"...
I suppose that is better than "labor shortage" over and over again like a bad parrot. 🦜 On Wednesday, CNN published this article, which you can find here: https://www.cnn.com/2022/07/26/economy/nightcap-economy-recession-earnings-fed/index.html In this article, three "themes" are explored: "Theme 1: Pandemic fortunes are reversing." "Theme 2: Consumers are fed...