HSBC Warns 35,000 MORE Job Cuts! Janet Yellen Said Fed Should Buy Stocks When Market Crashes!

So let’s recap. Financial companies (That keep getting bailouts), have fired a lot of people recently, even at the biggest establishments. The Fed will most likely buy stocks next time around. And the ECB is basically financing the purchase of Tiffany for LVMH. This system is entirely corrupt. You can’t see that? Check your eyes. Wake up. WAKE UP!

While mass layoffs in the financial industry continue, we watch the continuous bailouts of Wall St amplify the bubble. The mega corporations always have a way out since they are interconnected at levels we cannot see on the surface. The central banks have one very specific goal and that is to ensure the elite establishments are well taken care of and this must come at the expense of the average person. They must do this in order to persist. The middle class is evaporating and that is absolutely not a coincidence. Here we go.

 

HSBC to slash investment bank, 35,000 jobs in strategy overhaul – Reuters

www.reuters.com/article/us-hsbc-hldg-results/hsbc-to-shed-assets-worth-100-billion-and-slash-35000-jobs-over-three-years-idUSKBN20C0BF

Announcement – HSBC Holdings plc Annual Results 2019

www.hsbc.com/media/media-releases/2020/hsbc-holdings-plc-annual-results-2019

HSBC To Slash 10,000 More Jobs As Ax Falls On “Project Oak” | Zero Hedge

www.zerohedge.com/markets/hsbc-slash-10000-more-jobs-ax-falls-project-oak

Banks Celebrate Record High Stocks With Most Layoffs Since 2015 | Zero Hedge

www.zerohedge.com/markets/banks-celebrate-record-high-stocks-most-layoffs-2015

banks firing_1.jpg (800×440)

www.zerohedge.com/s3/files/inline-images/banks%20firing_1.jpg?itok=DPAm2Xrv

Yellen says Fed purchases of stocks, corporate bonds could help in a downturn – Reuters

www.reuters.com/article/usa-fed-yellen-purchases-idUSW1N17W016

Bernanke Washington Post Op Ed

www.federalreserve.gov/newsevents/files/bernanke_post_op_ed_20101104.pdf

UPDATE 1-LVMH set to raise $10 bln-plus from bond markets for Tiffany deal – Reuters

www.reuters.com/article/lvmh-bonds/update-1-lvmh-set-to-raise-10-bln-plus-from-bond-markets-for-tiffany-deal-idUSL8N2A55HA

Asset purchase programmes

www.ecb.europa.eu/mopo/implement/omt/html/index.en.html#cspp

France’s Richest Man Gets a Free Lunch From the ECB – BNN Bloomberg

www.bnnbloomberg.ca/france-s-richest-man-gets-a-free-lunch-from-the-ecb-1.1386479

supply chains at risk.jpg (1280×668)

www.zerohedge.com/s3/files/inline-images/supply%20chains%20at%20risk.jpg?itok=KUiRhFH4

most crowded trade feb 2020.jpg (950×932)

www.zerohedge.com/s3/files/inline-images/most%20crowded%20trade%20feb%202020.jpg?itok=wQuF4_sB

most corwded trade listing feb 2020.jpg (746×420)

www.zerohedge.com/s3/files/inline-images/most%20corwded%20trade%20listing%20feb%202020.jpg?itok=ODx4UEkw

global tech allocation.jpg (751×403)

www.zerohedge.com/s3/files/inline-images/global%20tech%20allocation.jpg?itok=GFXM9jcL

Labor force participation rate for workers age 75 and older projected to be over 10 percent by 2026 : The Economics Daily: U.S. Bureau of Labor Statistics

www.bls.gov/opub/ted/2019/labor-force-participation-rate-for-workers-age-75-and-older-projected-to-be-over-10-percent-by-2026.htm