Meanwhile, in our “booming economic recovery” (cough), the layoffs are starting to add up. Will it extend to Congress next week?

Layoffs announced in the last day: – Lyft 13% of workers– Opendoor 18%– Stripe 14%– Chime 12%– Twitter 50%– Morgan Stanley (% unknown) — Genevieve Roch-Decter, CFA (@GRDecter) November 3, 2022 https://twitter.com/TheLayoff?t=_Elw5alB0WH8dP0ytQH_7w&s=09 There are more resurfacing with more #s… Twitter …

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Economic Apocalypse May Be Just Starting

The Debt Fueled Economic Apocalypse People Have Been Predicting for Decades May Be Just Starting People have been talking about the potential consequences of our nation’s irresponsible accumulation of debt for almost as long as I’ve been alive. Every person …

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With Housing Bubble 2.0 starting to crater and the Fed poised to trigger a new Great Financial Crisis, this Irishman’s epic rant from 2008 is more timely and relevant than ever

by  Boo_Randy The Fed’s balance sheet unwinding will accelerate to $95 billion per month at an unprecedented rate, and market liquidity is already dwindling. Will Fed be able to stick to their QT plan without causing a global crash?   …

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Margin Call! Mortgage Lenders Are Starting to Go Broke as Loan Volumes Plunge (Fed Chasing Inflation Crushing Mortgage Industry As Mortgage Purchase Applications Are DOWN -41.5% Under Biden While Mortgage Rates Are UP 96%)

by confoundedinterest17 Under President Biden, inflation has soared and The Federal Reserve claims that they want to extinguish the inflation fire by tightening monetary policy … resulting in rising mortgage rates. Under Biden, mortgage purchase applications are DOWN -41.5% while …

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