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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/1927821116057309685Has the printing press ever been turned off? This is a rhetorical question. It seems to me that it works constantly. It's just that none of the officials talk about it. After all, dollars are a fairly popular currency and fly around the world very quickly. That is why the US has managed to keep the level of inflation risks at a fairly low level for many years.
Many countries have chosen the dollar as the main currency for settlements and payments within the country. Why? After all, the financial system of this country is quite stable and has proven itself well over a long period of time.