Wednesday, September 6, 2023

"Economic Market Snapshot 9/6/23"

Dan, I Allegedly, 9/6/23
"There’s No Chance of a Recession"
"Goldman Sachs has just issued a statement that there is no longer a risk of recession. It has dropped to only a 15% possibility. Utterly ridiculous. There are more layoffs across the country and businesses closing on a daily basis."
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o
Fulll screen recommended.
The Atlantis Report, 9/6/23
"Massive Layoffs From T-Mobile, Goldman Sachs
 & More, Reporting Huge Job Cuts!"
"T-Mobile's announcement to slash 7% of its workforce, totaling around 5,000 jobs. The company's CEO, Michael Servent, unveiled this decision with a heavy heart, acknowledging the sweeping impact it would have on employees. This is more than just a layoff; it's a seismic shift in the company's structure. While T-Mobile's business strategies are evolving, these layoffs hit closer to home for employees who have dedicated years to the company's growth. The shockwaves reverberating through the workforce have raised questions about the economy's stability, forcing us to confront the unsettling truth – this isn't just a storm; it's a reckoning."
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The Economic Ninja, 9/6/23
"The Banks Worst Nightmare Happening Right Now!"
"Bank of America, JP Morgan Chase Banking groups and more are not willing to take on Signature Bank Commercial Real Estate holdings. The CMBS market is imploding and it will get worse in the next couple of months."
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