The Corporate Layoffs Have Started And Leftist Big Tech Is Leading The Pack

There are two major forces at work within the US economy today that pull in different directions but end up in the same place:  These forces are price inflation caused by central bank stimulus along with supply chain instability and recession triggered by rising interest rates.   Immense corporate and consumer debt also play a role, but this ties in directly with the interest rate issue.

In other words, we are looking at a classic stagflationary scenario amplified by years of fiat dollar printing by the Federal Reserve.  The only element that has been missing is rising unemployment, until now.

The word “recession” is being used liberally lately and there is a good reason for this – It is vague and gives the public little to no idea of what to expect or how bad the economic downturn could get.  It is also a convenient distraction from the much more dangerous issue of rising prices.  If a “recession” is on the way, won’t this mean prices will fall?  Not necessarily, at least not anytime soon.

With high retail prices leading to less purchasing power among US consumers and less spending, corporations are going to have to cut costs somewhere.  They can only raise prices so high for goods and services before they will inevitably turn to mass layoffs to gain breathing room.  And, the first companies that are going to have to face the music are the most frivolous business models that don’t produce necessities (i.e. Big Tech). – READ MORE