ouch
Target: 17,600 jobs at risk as retailer leaves Canada
The US discount retailer Target is to shut all of its 133 stores in Canada two years after launching there.www.bbc.com
Recession - 2022 / 2023 / 2024
- Thread starter Hobo Hilton
- Start date
Target: 17,600 jobs at risk as retailer leaves Canada
The US discount retailer Target is to shut all of its 133 stores in Canada two years after launching there.
I did a WTF for a few moments before realizing this article is from 2015.
I did too
www.cnbc.com
I did not see that either. The CEO was talking about profits after 2021 and it seemed that he was leading into 2022 and not 2016...
Why Target Canada was a massive failure
Target entered the Canadian market in 2013. It opened 133 stores before closing them only two years later. In 2014, it took $4.1 billion in after-tax losses.
www.cnbc.com
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the following ties into the aboveSomething Is Rigged: Unexplained, Record 2.7 Million Jobs Gap Emerges In Broken Payrolls Report
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
From Report - Showing this another way, there were 158.458 million employed workers in March 2022... and 158.470 million in November 2022 an increase of just 12,000 over 8 months, a period in which the number of payrolls (which as a reminder is the number the market follows) reportedly increased by 2.7 million!
So what's going on here?
The simple answer: as shocking as this may sound, there has been no change in the number of people actually employed in the past 8 months, but due to deterioration in the economy, more people are losing their higher-paying, full-time jobs, and switching into much lower- paying, benefits-free part-time jobs, which also forces many to work more than one job, a rotation which picked up in earnest some time in March and which has only been captured by the Household survey.
Meanwhile the Establishment survey plows on ahead with its politically-motivated approximations, seasonal adjustments, and other labor market goalseeking meant to make the Biden admin look good and provide the Fed with ammo to keep rates high (thus forcing even more real layoffs, which unfortunately the BLS is incapable of capturing due to political reasons).
I'm gonna be really, really shocked if it turns out that a bunch of people were given car loans that they couldn't afford. Can't wait to watch the effect on the late-model used market, which could then rapidly cascade into a huge hit on new-car values.
LOL definitely.
One of my guys has a 965 dollar payment on an F250, another guy was spending 1200 a month for some sort of Ford SUV that his wife drives. If the rug gets pulled out it'll be apocalyptic.
Yeppers and I'm going to be standing around, cash in hand.
I'm thinking about Real Estate. The room temperature IQ population here (Arizona) is always overextended and upside down so there will be property deals not to mention pickup truck deals.
To those that study history.... This has happened 3 - 4 times during my life.... A big recession and then the fall out occurs..... Those with no debt and some cash always come out on top... History is repeating quicker than most realize.
Hmmm, I am not so sure this time. The crash we may be facing could be the trigger for the digital dollar. The Fed may only credit digital pennies for the paper dollar. It is possibly the way to erase the 32 trillion dollar debt.
Just an angle that is not being considered.
Here is a question for the group:
What will be the "trigger point" for your to shift to your Survival Mode ?
Had a discussion going with OldSalty2 about LeShawndra buying rib eyes with Government free money and me buying hamburger with my fixed income...
At a point the 32 trillion dollar debt means little compared to rib eyes or ground meat. Just one of many examples of "We the People" and their priorities shifting.
Open for discussion.
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Depends on what you think survival mode is.
Cutting down the trees at the end of the driveway and making funnels for anyone entering the property, type survival. Or
Being debt free with a preppers stock of consumables that are replaced when they are on sale. Type survival
Cutting down the trees at the end of the driveway and making funnels for anyone entering the property, type survival. Or
Being debt free with a preppers stock of consumables that are replaced when they are on sale. Type survival
It could be either situation... Or somewhere in between... Perhaps when a man accepts the fact that we can't vote ourselves out of this situation...
Jeff sessions "I recuse myself from all things Russia", Chuck shumer saying that the fauxbi has twenty ways to Sunday to get Trump and Mike Flynn should have been an eye opener for what was to come.
If those didn't trigger you then when the potato exclaimed that they have the best election scam ever should have. Especially after watching how they went after Trump and anyone associated with him.
If those didn't trigger you then when the potato exclaimed that they have the best election scam ever should have. Especially after watching how they went after Trump and anyone associated with him.
Mandated to be a lab rat should have been a closer for anyone on the fence.
I think a lot of people have already shifted to the 2nd one. No idea when you shift gear to the first one. The world's ability to kick the can down the road is impressive.
Slowly turning up the heat is a great plan.
I also don't know what the trigger is for going to the first plan. But not having a plan for when that time comes is a plan for failure.
The people that have not shifted to the 2nd one are the ones that will be begging for the government to be their savior. The size of that group was just exposed with the plandemic. Was it a litmus test?
I also don't know what the trigger is for going to the first plan. But not having a plan for when that time comes is a plan for failure.
The people that have not shifted to the 2nd one are the ones that will be begging for the government to be their savior. The size of that group was just exposed with the plandemic. Was it a litmus test?
Anarchy is 3 meals away. aka Katrina, and the clusterfuk that the mayor and governor of LA caused.
I didn't see this posted yet...
www.dailymail.co.uk
average monthly payment for a new car jumps 26% in three years
Vehicle repossessions rocket amid high monthly payments and inflation
A growing number of Americans are falling behind on their car payments as the lowest-income residents struggle to meet their monthly debts.
Recession in 2023 or 2024? Maybe both?
www.theepochtimes.com
Recession Coming in 2024: Economic Forecaster
American industry will slow down next year, then fall into a recession the year after, according to ITR ...
www.theepochtimes.com
Unfortunate the markets will write off 2023, even before it arrives. Too much free money and a FED that acted to late and did too little.
www.foxbusiness.com
Bear market likely to last in 2023 as Fed raises interest rates higher
The Federal Reserve is likely to trigger a recession in 2023, further rattling the U.S. stock market and sending equities lower, according to one analyst.
www.foxbusiness.com
Fox Business News: "The average IRA balance was $101,900 in the third quarter of 2022, down 24.9% from the third quarter of 2021, according to the report. The average 401(k) balance also decreased to $97,200 in the third quarter, down 22.9% from the year before. Fidelity also noted that the average 403(b) account balance dropped to $87,400, down 21% from the previous year. "
Going to be hard to retire. "Who" talked all these companies into destroying the pensions so that people could invest their own money for retirement?
Going to be hard to retire. "Who" talked all these companies into destroying the pensions so that people could invest their own money for retirement?
The result of "The Government" dabbling in the operations of private businesses.... A wake up call to the young people.
The rules will be changing as you move towards retirement.
those numbers are pretty fuk'n accurate.
- Keep pumping money into it, it'll come up. (say some)
- Never throw good money after bad and expect a different outcome. (say others)
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I ran the numbers a year ago or so... I've already pumped WAY more money into SS than I will EVER get back out and that's considering ZERO interest in gains over my lifetime. The only people coming out ahead are people that didn't put much in.
Side note, my sister-in-law is disabled now, but they won't give her any SS because they say she waited too long to apply so her 'earnings' are "too old". They say she needs to wait until shes 62+. Fuck them.
P.S. Fuck all the illegal aliens getting welfare that didn't pay a dime into it.
In fact, “You’ll own nothing. And you’ll be happy” actually originates, verbatim, from the WEF’s “8 Predictions for the World in 2030,” which was published in 2016 and is still on the WEF Agenda blog at the time of this publication.
WEF Director Claims 'You'll Own Nothing & Be Happy' Is 'Focus of Disinformation Campaign'
The unelected globalists at the WEF are labeling critiques against elements of their great reset agenda as ‘disinformation’: perspective
sociable.co
FedEx Earnings Drop Highlights a Slowing Economy
The company delivers packages for businesses and consumers all over the globe. It's commentary isn't good news.
www.marketwatch.com
BNPL........ $26.6 billion (£22.0 billion)
Worldwide
oilprice.com
Worldwide
UK Breaks November Borrowing Record In Attempt To Ease Energy Bills | OilPrice.com
The UK posted the highest November borrowing rate on record this year as it attempted to ease soaring energy bills
oilprice.com
Surprise !
www.cnbc.com
'Young adults are particularly vulnerable to delinquencies' — 1 in 5 have debt in collections, new report finds
With little to no safety net, lower wages and shorter credit histories, young adults are struggling to manage high-interest debt, according to a new report.
LOL... I guess it depends on your "perspective" as to how 2023 looks.
www.marketwatch.com
www.cnbc.com
Consumer confidence jumps to eight-month high as recession worries fade
A survey of consumer confidence jumped to a eight-month high in December, reflecting a drop in gas prices and more optimism about the jobs and the economy.
www.marketwatch.com
As the cost of living skyrockets, nearly 1 in 3 adults rely on their parents for financial support
Amid sky-high inflation, many young adults see their parents as a financial safety net. Some live with their parents, and others get help with their bills.
With 10 million illegals here, already..... Jerome Powell is saying we need more. Time to send Jerome for a "psych eval"............
Stop the flow of free money.
____________________
Federal Reserve chief Jerome Powell showed last week that he’s thinking about how recent lower immigration has factored into the ongoing U.S. labor shortage, but he said it’s not appropriate for the Fed to call for increased legal immigration to help alleviate the shortage.
Could his remarks, careful as they were, somehow move the needle on immigration policy?
His comments came as one new bipartisan proposal for immigration reform flopped in Congress, and some analysts say they aren’t optimistic about progress on immigration next year in a divided Washington. Still, others see Powell’s remarks having a small effect.
“Our labor force should be three and a half million more than it is,” the Fed chairman said in response to a question from MarketWatch during his Dec. 14 news conference, which followed the central bank’s latest interest-rate hike as it tries to tame inflation.
www.marketwatch.com
Stop the flow of free money.
____________________
Federal Reserve chief Jerome Powell showed last week that he’s thinking about how recent lower immigration has factored into the ongoing U.S. labor shortage, but he said it’s not appropriate for the Fed to call for increased legal immigration to help alleviate the shortage.
Could his remarks, careful as they were, somehow move the needle on immigration policy?
His comments came as one new bipartisan proposal for immigration reform flopped in Congress, and some analysts say they aren’t optimistic about progress on immigration next year in a divided Washington. Still, others see Powell’s remarks having a small effect.
“Our labor force should be three and a half million more than it is,” the Fed chairman said in response to a question from MarketWatch during his Dec. 14 news conference, which followed the central bank’s latest interest-rate hike as it tries to tame inflation.
‘We need more people,’ says Fed’s Powell. What does that mean for immigration reform?
Fed chief Jerome Powell shows he's thinking about how lower immigration factors into the U.S. labor shortage but stops short of pushing Congress to act.
www.marketwatch.com
Pretty sure everybody has given up that lie and admitted it's more likely well over 25 million. Shit, we got over 5 million under Brandon alone.
Powell is raising rates, which is causing layoffs. thus a reduced workforce and a cooler economy where not as many are needed. Cant have it both ways.With 10 million illegals here, already..... Jerome Powell is saying we need more. Time to send Jerome for a "psych eval"............
Stop the flow of free money.
____________________
Federal Reserve chief Jerome Powell showed last week that he’s thinking about how recent lower immigration has factored into the ongoing U.S. labor shortage, but he said it’s not appropriate for the Fed to call for increased legal immigration to help alleviate the shortage.
Could his remarks, careful as they were, somehow move the needle on immigration policy?
His comments came as one new bipartisan proposal for immigration reform flopped in Congress, and some analysts say they aren’t optimistic about progress on immigration next year in a divided Washington. Still, others see Powell’s remarks having a small effect.
“Our labor force should be three and a half million more than it is,” the Fed chairman said in response to a question from MarketWatch during his Dec. 14 news conference, which followed the central bank’s latest interest-rate hike as it tries to tame inflation.
‘We need more people,’ says Fed’s Powell. What does that mean for immigration reform?
Fed chief Jerome Powell shows he's thinking about how lower immigration factors into the U.S. labor shortage but stops short of pushing Congress to act.
That why I label Powell as having been "Politicized"...... He is talking out of both sides of his mouth..... He should run for President.... Just one more career politician that did not have to run for election.....
I'm not a fan of Jerome..... There are other's on the FED Reserve Board who could do a better job... They have not been "bought and paid for".
Bro its a nominated position. Everyone that gets it is compromised. Thats why he is towing the party line (my opinion only).
And just look at how many "Nonimated Positions" are flying by the seat of their pants, pulling "rules" out of thin air while building an enviable pension, stock options and other perks. Incest
Need more workers? Stop all the government safety nets and people will go back to work. Look at the labor participation rate - how many are sitting on the sidelines? How many left corporate America, medical jobs, government, jobs, etc. due to the vax requirements?With 10 million illegals here, already..... Jerome Powell is saying we need more. Time to send Jerome for a "psych eval"............
Stop the flow of free money.
____________________
Federal Reserve chief Jerome Powell showed last week that he’s thinking about how recent lower immigration has factored into the ongoing U.S. labor shortage, but he said it’s not appropriate for the Fed to call for increased legal immigration to help alleviate the shortage.
Could his remarks, careful as they were, somehow move the needle on immigration policy?
His comments came as one new bipartisan proposal for immigration reform flopped in Congress, and some analysts say they aren’t optimistic about progress on immigration next year in a divided Washington. Still, others see Powell’s remarks having a small effect.
“Our labor force should be three and a half million more than it is,” the Fed chairman said in response to a question from MarketWatch during his Dec. 14 news conference, which followed the central bank’s latest interest-rate hike as it tries to tame inflation.
‘We need more people,’ says Fed’s Powell. What does that mean for immigration reform?
Fed chief Jerome Powell shows he's thinking about how lower immigration factors into the U.S. labor shortage but stops short of pushing Congress to act.
The FED is a private cartel/organization.
They play pretend with a benevolent series of interactions with the regular crooks(our government).
In truth they will always favor the banking cartel as that is their employer.
They just deliver a line of bullshit to confuse the masses.
R
They play pretend with a benevolent series of interactions with the regular crooks(our government).
In truth they will always favor the banking cartel as that is their employer.
They just deliver a line of bullshit to confuse the masses.
R
Also quit playing mask and jab games. It is still going on sporadically.
Catch phrase :
“We are sadly parting ways with some incredibly talented people whom we have grown to cherish as friends and colleagues over the years. We will do our best to support them through the transition to find their next opportunities.”
2023 =
evertiq.com
“We are sadly parting ways with some incredibly talented people whom we have grown to cherish as friends and colleagues over the years. We will do our best to support them through the transition to find their next opportunities.”
2023 =
Evertiq - Micron to cut 10% of jobs in 2023 due to 'supply-demand m...
Chipmaker Micron Technology is taking significant steps to reduce costs and operating expenses. This will include select product program reductions and job cuts.
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“As Pluralsight’s co-founder and CEO, I have had to share some difficult news at various points in our company’s history. What I am sharing today is one of the toughest messages that I’ve ever delivered.
I’ve spoken to all of you this year about the challenging economic environment we’re operating in and how it has affected our business performance. Unfortunately, these challenges have only accelerated in Q4 and, as a result, today we are restructuring and reducing the size of our team, impacting roughly 20% of our team members. As your CEO, I own this outcome and take full responsibility for the decisions that got us here.”
layoffstracker.com
I’ve spoken to all of you this year about the challenging economic environment we’re operating in and how it has affected our business performance. Unfortunately, these challenges have only accelerated in Q4 and, as a result, today we are restructuring and reducing the size of our team, impacting roughly 20% of our team members. As your CEO, I own this outcome and take full responsibility for the decisions that got us here.”
Pluralsight lays off 400 Employees – 20% Workforce - LayoffsTracker
Utah-based learning platform for IT professionals, Pluralsight is letting go 20% of its overall workforce ~ 400 employees of its overall headcount.Company's CEO Aaron Skonnard in an email to the employees - did share the news of the layoffs."As Pluralsight’s co-founder and CEO, I have had to...
layoffstracker.com
As more Americans than ever applied for credit cards in 2022, credit card balances have also ballooned in record numbers.
“We expect to see those card balances exceed $900 billion by the end of the year this year,” says Paul Siegfried, senior vice president and credit card business leader at TransUnion. “Now, that’s a level that we have never really seen.”
www.cnbc.com
“We expect to see those card balances exceed $900 billion by the end of the year this year,” says Paul Siegfried, senior vice president and credit card business leader at TransUnion. “Now, that’s a level that we have never really seen.”
More debt and fewer rewards: Credit card trends to watch in 2023
Analysts share their predictions on what credit card holders can expect in 2023.
....... It’s a problem that arises at the onset of every historic financial crisis – Mainstream economists and commentators lie to the public about the chances of recovery, constantly giving false reassurances and lulling people back to sleep.
alt-market.us
Major Economic Contraction Coming In 2023 – Followed By Even More Inflation - Alt-Market.us
This article was written by Brandon Smith and originally published at Birch Gold Group The signs are already present and...
alt-market.us
Worldwide:
The term “polycrisis” refers to crises that occur in multiple global systems and become entangled in such a way that they produce harms greater than those crises would in aggregate.
“Not only is our planet sick from continued growth scenarios, because we have gone way beyond a healthy use of natural resources, but our people are getting increasingly sick, and our young people are making less and less money,” Dixson-Declève said.
www.cnbc.com
The term “polycrisis” refers to crises that occur in multiple global systems and become entangled in such a way that they produce harms greater than those crises would in aggregate.
“Not only is our planet sick from continued growth scenarios, because we have gone way beyond a healthy use of natural resources, but our people are getting increasingly sick, and our young people are making less and less money,” Dixson-Declève said.
The world's in a 'polycrisis' — and these countries want to quash it by looking beyond GDP
For a small but growing network of countries, the world's go-to metric of economic health is no longer fit for purpose.
This quote is probably absolutely the stupidest thing I have seen this week. But it’s a holiday so the bar is higher than it should be.Worldwide:
The term “polycrisis” refers to crises that occur in multiple global systems and become entangled in such a way that they produce harms greater than those crises would in aggregate.
“Not only is our planet sick from continued growth scenarios, because we have gone way beyond a healthy use of natural resources, but our people are getting increasingly sick, and our young people are making less and less money,” Dixson-Declève said.
The world's in a 'polycrisis' — and these countries want to quash it by looking beyond GDP
For a small but growing network of countries, the world's go-to metric of economic health is no longer fit for purpose.
Polycrisis is also a bullshit term. If we look at the world there are multiple crisis at that exact moment at any given time. Do not believe this targeted western world disinfo campaign.
here's my Def
Polycrisis - a self-created crisis after marring two women (or cohabitating) and expecting them to get along. Usually occurs when the said two women are NOT sleeping. crisis can be as simple as, 'she said my hair looked bad' up to, she's wearing my shoes.
That is what Charlie Munger said:
Stop complaining, says billionaire investor Charlie Munger: 'Everybody's five times better off than they used to be'
The billionaire investor can't understand why people today aren't more content with what they have, especially after the struggles of previous generations.
A price drop of $2,000 on a $400,000 house makes headline news. Hang on....
U.S. home prices fall for fourth month in October as high mortgage rates bite. The numbers: The S&P CoreLogic Case-Shiller 20-city house price index fell 0.5% in October, its fourth monthly decline. Year-over-year prices rose rose 8.6%, slowing from 10.4% in the previous month.
www.morningstar.com
U.S. home prices fall for fourth month in October as high mortgage rates bite. The numbers: The S&P CoreLogic Case-Shiller 20-city house price index fell 0.5% in October, its fourth monthly decline. Year-over-year prices rose rose 8.6%, slowing from 10.4% in the previous month.
U.S. home prices fall for fourth month in October as high mortgage rates bite
that's how car sales works. I'll hike the price up 400%, cut off a few grand to make you seem like you get a 'deal'.A price drop of $2,000 on a $400,000 house makes headline news. Hang on....
U.S. home prices fall for fourth month in October as high mortgage rates bite. The numbers: The S&P CoreLogic Case-Shiller 20-city house price index fell 0.5% in October, its fourth monthly decline. Year-over-year prices rose rose 8.6%, slowing from 10.4% in the previous month.
U.S. home prices fall for fourth month in October as high mortgage rates bite
LOL, ignore the Vaseline on the desk, too expensive to use any more.
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