So, this is what the media/government calls a "Booming, Best Ever Economy in America!" Layoffs ONLY IN THE LAST 30 DAYS, and for every layoff reported publicly, at least 10 happen quietly or without media attention.
Major layoffs have been going on for a year or two, but until it happens to you personally, you think everything is wonderful. Well kids, It ain't and this list proves it.
Bayer 12,000
https://www.bloomberg.com/news/articles/2018-11-29/bayer-cuts-12-000-jobs-plans-to-exit-animal-health-business
GM 14,000
https://www.nbcnews.com/nightly-news/video/general-motors-to-cut-over-14-000-jobs-1381009987524
Ikea 7500
https://www.foxbusiness.com/retail/ikea-group-plans-to-cut-7500-administrative-jobs
Wells Fargo 1000
https://www.msn.com/en-us/money/companies/wells-fargo-plans-to-cut-1000-positions-nationwide/ar-BBPKEi4?li=BBnbfcL
Nationwide Insurance 1100
https://www.desmoinesregister.com/story/money/business/2018/11/13/nationwide-insurance-layoffs-des-moines-iowa-workers-cuts-1100-positions-across-united-states/1987200002/
Broadcom 2000
https://www.newsday.com/business/ca-technologies-layoff-1.23121729
Bombardier 5000
http://www.kelownadailycourier.ca/news/national_news/article_cf9308c9-c0ba-5ef4-9c1a-bafb3e1c8b4d.html
Haagen Dazs 1000
https://www.visaliatimesdelta.com/story/news/2018/11/01/haagen-dazs-layoff-1-000-employees-ahead-statewide-ice-cream-slow-down/1833646002/
This list doesn't include the constant bleeding of major corporations like CVS itself, Sears, Oracle, Intel, Qualcomm, and dozens more that see a dozen here, a dozen there go every week or two in order to fly under the radar and avoid media attention.
The housing market is rolling over, as is the auto sector, and if tens of thousands of layoffs in the past 30 days isn't enough proof for you, then maybe the downturn of America's two biggest industries might get your attention.
Denial will not stop this or pay your bills. Seeing the train coming and getting out of the way will though. Stop buying stupid stuff, stop trading in your car for a new one every 3-5 years. Those who prepare now will be extremely glad they did.