Thread regarding Wells Fargo & Co. layoffs

Only 28% more to get back to year end 2021. I had $100K in stock…now it’s $70K.

The issues we have today with inflation and supply chain and product shortages is worldwide. It not just a US thing. Millions and millions of people stopped spending when the pandemic hit and then all started up at the same time. We had created a JIT society where goods were delivered just in time and it bit the whole world. Many saw this coming except maybe the Fed. When we get all of our goods from foreign countries inflation there hurts us here. Dont believe politicians from either party that they can fix this quickly. Oh, wait one party just complains and never has an answer to what we should do.

Execs must be really excited that the share price is back within $10 of hiring savior Charles and his band of Chase disciples.

Anyone who knew of the overinflation of Wall Street numbers by stock buybacks paid for by the American taxpayer through the Trump tax cuts realized this would happen eventually.

It happened before under Reagan and Bush Jr., it will happen again unless people finally get smart about voting for rather than against their own interests. Sadly most Americans buy what they read on social media and don’t check it out for themselves because the Twitter generation is lazy.

Prepare for layoffs. Global recession is coming. The shock to US housing is much bigger than in past monetary tightening cycles... Mortgage rates have risen so much more than Treasury yields. The true tightening in US financial conditions far exceeds what long-term Treasury yields indicate... It will be ugly, there will be a lot of layoffs.

Save money, protect your job, protect all sources of income and be ready.

It'll pass but it'll get worse before it gets better.