The economy seems to have taken a big downturn since original LRs were announced.
Should we expect more LRs coming?
26 replies (most recent on top)
@3ieq+1uKRX1HR Bad planning on your part.
Never bet against the US
The market can stay wrong longer than you can remain solvent.
Yes, around Feb or Mar next year...then next Sept.
@1cnt+1uKRX1HR Never bet against the US - Warren Buffett
@1cnt+1uKRX1HR Have you considered leaving our country? Moscow is hiring.
How about Repo's, foreclosures, consumer debt, savings rates?
National debt?
Insane gov't spending and M1 money supply?
Commercial real estate vacancy rates?
These indicators across are all going in the wrong direction, and have been for a long time.
@1mqz+1uKRX1HR su-k it up, have cutting-edge marketable skills, and perform or be prepared to lay by the side of the road and complain. I think we know the path you chose. You should not be in tech.
Stock market isn't included in what I (and most) consider 'the economy'.
Jobs report & unemployment numbers are consistently revised in undesirable directions.
How about layoffs (beyond Cisco), plant closures?
Inflation outpacing wages?
Your sources aren't giving you objective info.
Get ready for February /March 2025 ! Big alert for quote carrying people !!!
The sky is falling.
Did you not listen to the earnings report? Yes, more layoffs are coming. I hope it’s not 10,000 again with all the stealth LRs are on the side but it is happening.
@1tcr+1uKRX1HR “The economy has been in trouble for years; OP just finally noticed”
What?
S&P returns the last 10 years - 180+ %
S&P returns the last year - 20+ %
Unemployment - 4.2% (this means you are working unless you don't want to)
Real estate returns the last five years - > 38%
What planet do you live on?
Cassandra-conservatives claiming the economy is crashing unless their guy is at the helm. Calm down clowns.
That's like asking whether Chuck flies on his private jet or not. The answer is yes, of course.
The economy has been in trouble for years; OP just finally noticed
Maybe one can hope the cuts were enough this time. It will take two quarters to get enough data to see if things changed. Hopefully they actually look.
February 2025
The AI bubble will pop early next year.
The US Treasury and the Federal Reserve are in “do no harm” mode until after the election.
This means the Fed will cut interest rates and stimulate through asset purchases. The treasury will provide stealth stimulus as well.
They need to thread the needle. Not too much inflation and not too much job loss
Once we hit late January , they can let it crash.
Cisco spent $28 billion on a legacy company. They overpaid so much that the only way to recover is to reduce headcount another 15%
no matter who wins, there will be massive cuts in February
We are "6-months contractors"
(Although, if you are a VP - you are a 6-months contractor with a golden parachute, extended severance pay, early RSU vesting and paid-for COBRA in the US).
The problem isn't with the current economic. it's with current ELT.
Its partially the economy, but it's definitely the ELT.
Companies with smarter upper management are weathering whatever economic challenges we are facing right now and aren't laying off people almost every few quarters.
No, the next LR will not be earlier than the February 2053.
What downturn? The economy is improving
Amazing the lemmings on this website.
These uninformed clowns 🤡 vote too. How scary is that
What downturn? The economy is improving
always
The problem isn't with the current economic. it's with current ELT.
Anything may happen given current conditions