The global economy is like an Eco-system. All the different parts of the food chain depending on the other parts to keep things going and growing, but when enough of the parts stop working as it should the Eco-system will start to falter. But it just won't slide down a slope where the whole system gradually fails. It will get to a critical mass where suddenly everything dies off at once. We are getting very close to economic Eco-System reaching critical mass, and just failing.
"We experienced a tremendous amount of economic turbulence in 2024, but at least the employment market was relatively stable."
That's pretty amazing, considering that 2024 is only 4 days old. I wonder how the rest of this year will turn out.
The global economy is like an Eco-system. All the different parts of the food chain depending on the other parts to keep things going and growing, but when enough of the parts stop working as it should the Eco-system will start to falter. But it just won't slide down a slope where the whole system gradually fails. It will get to a critical mass where suddenly everything dies off at once. We are getting very close to economic Eco-System reaching critical mass, and just failing.
Truist is in the 2nd part of their layoff blood bath. So many people losing jobs.