Original archived Unemployment may rise in 18 months, Fed pivot?
Scraped on 01/06/2025, 13:31:39 UTC
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There's a high probability that if the unemployment rate surges, then the Federal Reserve pivots to FULL Q.E./turns on the money printer in expectation of a Recession, and to prevent an actual Economic Depression.
This X post says that "mega layoffs" will start in 18 months.
At a recent dinner I met a very senior engineer at one of the Big Four tech cos.
His team develops tooling for a 0-engineer future.
They're not allowed to tell anyone internally what they're working on to avoid mass panic. He figures mega layoffs start in 18 months.
https://x.com/corbtt/status/1927821116057309685