This is week 34 of our reporting the long trend-line of layoffs that signal recession in a country near you. To illustrate the depth and range of the layoff trend we note that Recruit Holdings, owner of online job placement service Indeed, is laying off about 2,200 workers or about 15 percent of its staff.
Logistics companies had hoped for increased business in the last half of this year, but retailers are cautious about placing orders after being overstocked for months last year and earlier in this one, The Wall Street Journal reported.
In February we warned Trends Journal subscribers to prepare for “March Economic and Equity Market Madness.” We also provided proactive measures to consider taking.
The U.S. Federal Reserve added a quarter point to its key interest rate last week, lifting the yield it pays on deposits to 4.75 percent and the rate it charges borrowing banks to 5 percent.
In The Bronx, we used to say, “Bullshit has its own sound.” Let’s look at the facts... just the facts.
As forecast last month, we warned Trends Journal subscribers to prepare for an equity market crash.
As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply, has indeed peaked. Indeed, they “slowed to a trickle”... and here are the latest “trickles.”
All the mainstream media, as illustrated in this week’s Trends Journal cover, are whores. Nothing more than Presstitutes who get paid to put out by their corporate pimps and government whore masters.
As we have long noted, by the facts, Wall Street and Main Street are worlds apart and have no interrelationship.
Remember the big news that the U.S. Labor Department claimed over 500,000 jobs were created in January, which we reported was merely a government analysis estimate and the number was contrary to the declining economic fundamentals. Among them is the fact that some 35,000 temporary employees were fired during the height of the Christmas shopping season.