Conversation

Notices

1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 30-Nov-2022 17:27:42 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

   • Economics of the US Economy
   https://nu.federati.net/url/288695 [www cnbc com]
   
   Morgan Stanley expects sharp drop in stock prices, followed by a climb back to present range. Since MS is one of the chief manipulators, this could happen. It's just one more sign that !econusa is slowing dramatically.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 30-Nov-2022 17:42:16 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to

     • Economics of the US Economy
     • GeniusMusing
     https://www.cnbc.com/2022/11/30/crypto-exchange-kraken-lays-off-1000-employees.html [www cnbc com] (link via @geniusmusing)
     
     #Kraken, the 3rd-largest #cryptocurrency exchange, lays off 30% of its workforce, returning to the size it was late last year. Employees will receive 16 weeks of severance pay and benefits vesting will be extended. (Much better than what the Lane furniture company did.)
     
     This could be more fallout from the failure of SBF's #FTX and associated companies, or it could be cyclical economic factors ... as cryptocurrency prices seem to rise and fall with the general economy.
     
     !econusa
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 30-Nov-2022 17:44:46 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to
     https://www.cnbc.com/2022/11/29/stock-market-futures-open-to-close-news.html [www cnbc com]
     
     Economic signals seem mixed; investors waiting to hear what signals #Fed chair Powell gives in upcoming speech.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 30-Nov-2022 22:40:15 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to
     https://nu.federati.net/url/288706 [www cnbc com]
     
     #Fed Chair Jerome Powell says smaller rate hikes could start next month, but hikes will continue until #inflation is dead.
     
     As I continue to watch friends and family members face the economic headwinds, I remember that he may speak our language, but he's not one of us and he's not our friend.