I thin we crossed the point. A recession is starting...
Citigroup, Wells Fargo — Bank stocks fell sharply in Wednesday morning’s trading, with several major names falling more than the broader market. Citigroup was one of the worst performers, dropping nearly 6%. Wells Fargo, whose CEO testified before Congress on Tuesday, fell about 5.9%. Mid-sized banks PNC Financial and Citizen’s Financial both slid about 5%. Shares of Goldman Sachs and Morgan Stanley lost more than 4%.
People outside the top 1% of wage earners have had negative economic growth for 3 years but don't let hard facts stop your talking points just like your hero.
Not even close to a recession, which is 3 quarters of negative economic growth. People on a bank lay-off board yapping about a non-existent recession make me wonder why banks are not vetting new hires for college business credentials and basic testing of financial and business concepts in the hiring process.
There were always going to be layoffs no matter what.
What the heck is the "begging" of layoffs? If you're going to be a troll, try to proofread your gibberish first.
If a recession occurs in 2020, I am sure there will be headcount reduction. I think we are in a recession already.