The Challenger, Gray and Christmas job cuts report is out for March and it revealed a year-over-year (YoY) increase in US job cuts of 319%. That is the largest increase in job cuts for a non-recession month. In other words, this feels like a recession.
Where were the job cuts in March? Technology got blasted followed by financial.
As The Fed hikes rates, US GDP has declined in growth to 1.469%, despite trillions of dollars of Federal spending by Biden and Congress. What has all the money gone??
Can we get someone to get Treasury Secretary Janet Yellen to lose HER job? Silly me, of course not!
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