Plunge prevention has been engaged as the economy continues to drop with jobs data, layoffs, credit card dependance, all pointing towards economic turmoil.
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The latest economic news has left many experts and analysts with a feeling of unease, as things just got worse than expected on several fronts. The jobs numbers released this week have been particularly worrying, raising concerns about the state of the economy and the future of employment in the US.
According to the latest data from the Bureau of Labor Statistics, the US economy added only 194,000 jobs in September, falling short of the expected 500,000. This disappointing figure has sparked fears of a slowdown in the job market recovery, especially as the country continues to grapple with the lingering effects of the COVID-19 pandemic.
In addition to the disappointing jobs numbers, financial giant Citigroup has announced plans to lay off a significant number of its employees in the coming months. While the exact number of layoffs has not been confirmed, sources close to the matter suggest that the cuts will affect thousands of workers across the company. These layoffs are seen as a response to the changing dynamics of the banking industry and the need for Citigroup to streamline its operations in the face of increasing competition and technological advancements.
The news of Citigroup’s layoffs has sent shockwaves through the financial sector, raising concerns about the stability of the industry and the potential ripple effects on the broader economy. The layoffs at Citigroup come at a time when many other major banks and financial institutions are also reassessing their workforce needs, leading to increased uncertainty and anxiety among employees in the industry.
Furthermore, market watchers have been closely monitoring the actions of the “plunge protection team,” a colloquial term used to refer to the President’s Working Group on Financial Markets. The team is tasked with stabilizing the markets during times of extreme volatility and crisis, and there has been growing speculation about their involvement in recent market fluctuations.
The recent market turbulence has led to heightened speculation about the role of the plunge protection team in propping up the markets and preventing a potential collapse. While the exact details of their involvement remain murky, the mere fact that their actions are under scrutiny has added an additional layer of apprehension to an already uneasy market environment.
The convergence of these troubling developments has left many observers feeling anxious about the state of the economy and the trajectory of the financial markets. The disappointing jobs numbers, coupled with the uncertainty surrounding Citigroup’s layoffs and the speculation surrounding the plunge protection team, have created a sense of unease that has further shaken confidence in the economic recovery.
As the economy continues to navigate the challenges posed by the ongoing pandemic and the evolving dynamics of the financial sector, it is clear that there are no easy answers or quick fixes to the issues at hand. The road ahead is fraught with uncertainty, and it will require careful analysis and decisive action to steer the economy back on track.
In the meantime, individuals and businesses alike are advised to remain vigilant and stay informed about the latest developments in the economy and the financial markets. By staying abreast of the changing landscape and adapting to the new realities, we can better position ourselves to navigate the challenges and capitalize on the opportunities that lie ahead.
Sorry to break it to you, no stock market crash, and no real estate crash is coming. The government will keep propping up the stock market if it does crash.
If you lose your job, go start a business. If you lose your car walk, run, or get a bicycle. It's that simple. : )
nice change in lighting. glad it worked out for you
Do they count 1099 people, and what about the people who have used all their unemployment? Are they counted still?
Yellowstone is streaming on Peacock.
The single biggest new hire employer is Government.
Get ready to lose ur job folks.
You do look a bit like the guy from Yellowstone.
It’s good news
Peter Schiff podcast said that
I see so many people in the grocery store using credit cards. Its really disturbing.
I lost my job in October of 2023 and still unemployed. I have two degrees. I have 2 notebooks filled with who I applied too.
Nahhh i don't think that guy looks like you. The closest I could come up with, most famous person, that resembles you a lil bit is Woody Harrelson.
Even if these 40% get their housing crash they won’t be able to afford the new property taxes and hone insurance rates.
Same goes for cars .
Not Yellowstone.
I would say that JJ looks like Ron Howard.
Debt and overpopulation and lethal combination!
Jobs higher then expected while Citi Group lays off 20,000. It's a great time to buy a house!!
Remember during the holidays they hire extra help then when holiday is over they are let go
no credit, no debt. I interesting formula. Sound finances, ( no debt) equals no opportunity to finance
Johnsville sausage plant in Johnsville to shut down in wis
JJ, definitely Woody Harrelson!!!
People are so far in debt were all going down
Health insurance down? Weird that premiums went up in the last benefits period.
Btc to 10 mill
Without stating the percentages or factoring in yhe total number of employees in the company, it's too vague.
Do. today, the total # of employees in Citigroup is. ..240,000.
Planned USA reduction. :. -20,000.
Planned Mexico reduction:.-40,000
THEN, the new "total of Citigroup" will be
180,000.employees.
With credit card interest at 30 a.p.r the only ones that are suffering is “we the people” or suckers.
Whoever said you look like ol boy was smoking crack
Oh NO..not again..lol
time doesnt exist. you exist in the same moment for all eternity, as the universe changes and forms around your conscience. so it doesnt matter really.