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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/1927821116057309685If it gets to that point and the government thinks Q/E will help to probably rejuvenate or propel currency flow into the system then so be it, the soul existence of any government is to avoid economic recession, it's really not a new thing, before now governments previous government have printed money and injected it in the system. The only problem is that, it create some level of inflation but government also has way of handling it.
For this particular company that is quoted on X, maybe they can be going through some level of difficulties due to revenue generation, but it's not enough to say the panic will be felt cross board in the country
, because one thing you must understand is the fact that a country's economy is being managed and controlled by economic experts, and there should be indices and indications beyond reasonable doubt for anybody to come to that conclusion of economic recession forthcoming.