Independent thinking for complex markets and current events
Challenger, Gray & Christmas said layoff plans totaled 71,321 in November, a step down from the massive cuts announced in October but still enough to bring the 2025 total up to 1.17 million. The most-cited reason for the month was restructuring, followed by closings and market or economic conditions. Announced job cuts from U.S. employers …
“The Fed playing God with the US economy and trying things they weren’t sure would work,” says Chris Whalen, chairman of Whelan Global Advisors. In today’s interview with Daniela Cambone, Whalen criticizes the Fed’s unconventional monetary policies—particularly the low interest rates and quantitative easing implemented during COVID. Now, the Fed is reversing some of that …
https://twitter.com/leadlagreport/status/1902876318506619021
https://www.cnbc.com/2023/11/15/japan-q3-economy-shrinks-far-more-than-expected.html Japan’s economy shrank way more than expected in the July-September period, provisional government data showed Wednesday, amid slowing global demand and rising domestic inflation. Provisional gross domestic product fell 2.1% in the third quarter compared to a year ago, after expanding 4.8% in April-June. This was a bigger contraction than the expected 0.6% decline …
Canada’s housing market is causing alarm bells, and with more homes listed, many folks just aren’t buying. The Bank of Canada’s financial review highlights debt worries and younger homeowners taking a step back from the market. https://t.co/IqveoD5lGS Harsh new reality for homeowners as listings rise and buyer-pool shrinksIn its 2023 Financial System Review, The Bank …