It Started: Huge Lay Offs, Banks In Trouble, & Interest Rates Are High
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- čas přidán 19. 06. 2024
- It Started: Huge Lay Offs, Banks In Trouble, & Interest Rates Are High
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SOURCES:
layoffs.fyi/
www.cmegroup.com/markets/inte...
lautorite.qc.ca/en/general-pu...
www.barrons.com/articles/new-...
techcrunch.com/2024/01/25/tec...
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I’m glad I’m a business owner. Got laid off once despite being the most productive guy on the floor. Never again.
Same 😢
How do people start their business just like that? What do you sell
Now you're in charge of laying off the most productive guy in the floor lol
@@rubenb263 and never being able to check out of work because it's your company lol
@@rubenb263yeah basically came here to say this lmao guy thinks he’s 100% to immune to everything now that he sells a few t shirts a month 😂
“A company called SAP”, literally the software that runs the world economy
And it sucks.
SAP the most overly complex ERP system ever created. It does suck.
@@Pguz24 Yep
Same thoughts but I agree with the other commentators.... SAP sucks
You know why remote working "isn't working"? Because you hired an entire generation of supervisors and middle managers who suck
And because commercial real estate is crashing
And because a lot of those work from home jobs are useless. Fat to be trimmed. Tech companies in particular have hired way too many people, especially during COVID.
Most of their jobs are not really needed. Once you train an employee to complete documentation, that's when their job ends. So they micromanage to justify the position.
Consultants have a term for those people: “warm bodies”.
Many managers aren’t good leaders, and they compound that flaw with being indecisive.
That combination frequently results in building teams with a couple overachievers and a bunch of warm bodies.
It’s status quo-until the next purge. We’re in the purge stage of this cycle.
All of a sudden andrei was suicidal
Nepotism plays a big roll in who gets to stay and who gets laid off.
bingo
Fractional reserve requirement is zero..
Very informative. Thanks for sharing.
I’ve decided to allocate 1-2% of my wealth to small classic Honda motorcycles that can be wheeled in / out of the house. 😀
Life is just one , balance is the key to enjoy and growth. So congrats on getting those watches and sharing time with your family. Family is unique.
Even the fed rate lower .25 basis points, it take a while to be effective.
What is the on boarding in the same companies ... Is it net positive or negative
High interest rates are not alway bad, we need to combat inflations somehow.
There have been a lot of layoffs in the biopharmaceutical industry as well.
Is it possible that they are following the chart to make the final decision of lowering interest rate.
Love the Financial summary, looking forward to learning more from your videos
Gratz on the Tesla position!
Great episode. Keep on it
Crazy how many lay offs are happening 😮
I just got laid off yesterday from the trucking industry and UPS just announced they are laying off 10,000+ employees when the transportation industry starts hurting you you know things are getting bad
Andre, your content is top notch and earned its place in my ‘must-watch’ category. Well done! Keep up the fantastic work.
Adding your recent buys at the end was a nice thing to do!
I really do appreciate you and your channel. Thank you for what you do, Andrei!
5:05 I had to go back and watch that again. 🤣
NVDA
This is why we Bitcoin 😎
I saw nycb hit its 52 week low and added to watch list alot of my crushes i bought low.
Any dividend over 4.5% indicates something is wrong with the company.
🧐 make some bad dividend plays..?
I bought Pelaron a long time ago when it was low and sold high was amazing. I use Edward jones. I also went thru them to get Tesla before both splits and I’ve held onto it.
I enjoy watching your content, not boring because always you talk about crisis
I’m not trying to be funny but I love watches too. I got the seiko Bruce Lee limited edition and am ogling the Uranus swatch
Interest rates will drop and 24 is the year of bulls and ultimate greed! 💪
Agreed 👍🏿
But over 350000 jobs were just added.. So maybe layoffs mean job shift
Yeah main focus has been tech
Would you be buying dividend ETFs in this market?
I got laid off today
Sorry to hear that :(
If it weren't for three extra letters ("off") it would be a great day 👍👌
What industry, if I might ask?
I know the feeling. Position eliminated on Wednesday this week.
Sorry to hear that- Stay positive though: when one door closes another one opens❤🩹
Jls report come in good today
Isnt this a sign of labor market instability and would mean fed reserve will need to reverse rates soon
Despite these layoffs, JOLTs surged and yesterday's job report doubled expectations.
NYCB isn't necessarily indicative of regionals, they made bad purchases that resulted in their first losses ever.
There's also another big factor not discussed by many, the treasury is issuing much more short term debt than long-term, this was predicted in 2021 by Russel Napier..
In short, things aren't as ominous as they appear, we're due for a correction, but it won't be end-of-days.
The jobs numbers are grossly inaccurate as usual and will be adjusted downward again as has been the case for the past year.
@@jeffrosati2570 Yes, I see that a lot on angry right wing blogs trying to downplay the current admin.
You could also cherry-pick ADP, but they only cover a small basket of large corporations.
I believe the jobs that are being created are part time as well. So it's probably a lot of second jobs, not necessarily true job growth.
Yeah bad start of 2024
I agree about the watches part. 😅
All the tech and data analytics companies making job cuts makes a ton of sense though for that industry, from a business perspective... more money to the company by laying off part of the worforce. Jobs can become redundant int hat space once they meet their goals and complete marketable products. 'Full-time' is basically just a long contract for them (i.e. until they can justify layoffs).
Im projecting to tripple my sales this year! Then ill tripple down on my investments.
I enjoy watching your content, not boring and because of your jokes 🙃
Hearing all this about lay offs, Could you explain why unemployment is still at 3.7 but the amount of jobs created doubled?? Thanks
I think it's because disposability. Retail jobs, customer service, etc - are more disposable than a lawyer, economist, etc. Microsoft is probably laying off staff programmers that perform boring maintenance on their software. So its repetitive. I would even say, repetitive and "boring" jobs, will suffer the most. While more technical specific jobs will still appear, specially jobs requiring leadership experience.
Thank you Andrei, great summaries
I didn't get the raise I asked for Yesterday
Don't ask for raises. If you don't get regular reviews and regular raises then just move on. You are an adult, your employers are adults. Nobody in the relationship should be a whiney brat asking for raises. And nobody in the relationship expects someone to stay without regular raises.
Still though, it sucks not getting something you need, or something that was expected. Hang in there, build skills, and eventually your day will come. You only need a few real successes in a life full of failure to be considered a success. The only difference between the successful and the failures are those who give up before they get their break. Stay stubborn until that happens.
Ask for a raise every few months
What’s your take on Tesla vs BYD? A lot of people including Elon appears to think BYD will dominate the EV car market.
AI replacing the unnecessary...
Did I understand correctly that UPS is a tech business?
Some companies are due to their in house manufacturing processes, like Ocado
The 20 an hour for fast food here in CA is causing other entry level jobs to raise their wages as well in different industries
$20 an hour, for a fast food job, woh 😱 in UK they only get about $14
@@MrWho007that's $17.64 in US dollars, so not that far off.
@@MrWho007about the same when you consider the extra benefits you get in the UK like vacation. You also don't need to buy insurance there like we do in the US.
Hate this, they want 20 an hour and yet they still can’t make the system work any faster to get my food out in a timely manner and get my order wrong and forget to put food that I paid for in the meal.
Good if inflation happens anyways might as well have more money. America is screwed
Lays offs kick in, student loans kick in, rent still high, car market sucks and crime and homelessness is high.
What cold wallet do you like?????
I got laid off by google last month now i got year long puts on it
Not interested in MOO MOO , it's run from China far as I know ?
2024 Bull Run 2024
Yup
Nicely done!
2025
@@Thebt7say October-ish it starts into 2025
Sure why not buddy
The future is going to be rough for anyone without bitcoin
Said the owner of Bitcoin trying to convince himself 😂
KRE, PNC….lets go folks, find some more opportunities beyond this
They are also laying off due to replacing with Automation!!!!!
Awesome! So about 100k more pod casts to come in to the game. Sweat more stay at home moms reviewing vacuums
Andrei - great content as always. Name of the background music in this video please? thanks
Bro, what brand of shirts are those.
Jacked
Two days later. fed didnt lower the interest rate.. Economy still stagnant
This video is so one dimensional. Glad you got a new living room suite though
I think all those lay-offs is for rotating staff. It's a trend into companies. New season, new employees.
And only the big corp are listed… there a lot more!
The number of layoffs in January 2023 outpaced Jan 2024. So I don’t think this will truly impact unemployment the way you’re presenting
He completely ignores the jobs numbers brought out today.
January 2023 was the tail end of the 2022 market slowdown and January 2024 is the tail end of the market high, so that's why the numbers are so different, BUT did you not see all the layoff announcements made in January 2024? Those don't happen instantly, they are coming like a tsunami over the next few months.
@@claytonrehmus2500they aren’t real
Yeah right, they are laying people off like it's no tomorrow. I thought it would get better but 2023 was only the beginning.
Of most of the companies you mentioned (making cuts), of course a large portion is due to drying up of influx of "free money", but I believe an equally large portion is from incorporation of new AI tools/equipment. Beginning in the tech sector, we will see equal portions spreading out to other industries over the next few years.
What would be the investmemt return on Andre being my gf? 🤔
I looked into commercial loans a couple years back. They're a horrible deal. After something like 5-10 years you're forced to either refinance or pay the loan in full. Any kind of downturn will mess everything up!
Yeah and interest rates are 3.5 times higher now than they were 5-10yrs ago and companies don't have the money to pay them off.
Bidenomics…nice …I hope SI doesn’t let the swimsuit models go.
I think its pronounced S-A-P instead of SAP (financial software company)
I gave this video a like just because of the video you made of you working hard on videos. Hilarious bro😂
The crazy thing is you’re still bullish on Bitcoin with all those issues in this rough times …..⚠️⚠️
Because he manipulates people to make money for a living. He's a professional personality, but you all pretend he's just one of you.
Why not ? Didn't he say inflation is still there ?
How is that crazy? This is all planned to push people into crypto. Why wouldn’t you be bullish before the masses flock?
Who isnt bullish on bitcoin?
Thank you Andrei for all the wonderful content that you provide! I know that the majority of your viewers are from North America, but I was wondering if maybe you could try to do a video on what you would recommend for an European investor. There are of course possibilities for us to invest into the US market, but maybe a deeper dive into things closer to us would benefit some people. Thanks again!
"An expense managment company called Brex is laying off 20% of its workforce..." Ironic, no? Wonder if they hired themselves to figure out how many people they were going to lay off.
they give companies tools manage expenses, they dont teach/know the best way to allocate funds. Lol
@@boot-strapper And this has nothing to do with layoffs? When labor is an expense companies have to manage? OK.
Fed not following market expectation it’s the other way around
I’m stoked to get laid off
Andrei, with all due respect I love your videos and always look forward to new ones, but please read up more on the “company called SAP”. 😅 it is pronounced as S A P. It is the biggest software company in Germany with 100k+ employees globally.
If I see "SAP" as a headline then I wont read it as "S.A.P.".
I am a UPS driver, and it is simply not true that we make $170k. Top wage is now at approx $45/hr. You do the math.
Banking crises 20.0.
They stopped dividends???? 😢😢
Why would I keep my money there then?
You didn't mention that the labor market is still really tight despite all the layoffs. Umenployment is still 3-ish %. Tech Stoinks at an all time hit.
Edit: I guess i should watch before commenting.. Feb 2nd job report seemed great! Doesn't look like there is trouble at all with jobs. NYCB bought SV banks assets at pennies on the dollar so maybe SV owned some loans related to commercial real estate (currently a risky asset) and now needs to use the fed as a clearing house instead of settling with other banks? Rates are remaining high because everything is going so well and a wage to inflation spiral is imminent? -not that a believe things are going that "well". Usually when things go this "well" it is very unsustainable for a lengthy period of time.
You're really funny, I love watching your vids.
Thank you for the informative video
Thank you so much!!
You was right about the Illuminati meeting. 😂
>CZcams clickbait thumbnail posters says something
>I bet on the opposite happing
then why did yesterday's unemployment report was lower than expected at 3.7%. Is it because they use older data?
Well stated Sir. Thanks for the reminders!
Great video bro!
Thanks man! Hope you're doing well :D
New York bank may be at risk of going bankrupt because of high interest rates .
In the long term which may occur sometime in the future.
would love to see a financial analysis of the middle class and wealth inequlity comparison from back when american workers were more unionized
Big unions become abusive the same as big business, the same as big government.
I think this has more to do with monetary policy like inflation and burdensome regulations.
When they raise taxes, that means everyone is paying more taxes so you take less money home. It's not related to being unionized. I keep saying, that we should receive our net pay. Then give of us a form that includes tax options where we would want to contribute. For example: education, infraestructure, etc. That way we are more in control. That would reflect the real economic state of the country. Cause with the current tax system, we don't really know how much of our money goes to things we consider important. If that were to happen, I'm pretty sure politicians would work harder for their salaries because it's no longer guaranteed.
This can’t be. I just saw Biden and Hillary celebrating our fantastic jobs numbers.
Thanks for the moomoo info
That micro strategy ceo ad is a trap right?
But who still buys Sports Illustrated?
Ha that's a good question!
It went WOKE and now it’s going BROKE
Sports illustrated was being accused of having a few of their writers as AI they don't exist. I checked out on the pat McAfee show on youtube, and part of the reason why their ship sunk.
@@welshhibbynah, most people stopped subscribing to magazines in general. The print press is old tech and most people moved on
yesss bitcoin. already 20% of my assets. gonna increase to more.
DCAing into Bitcoin? Nice-a 👌
Very good video. Thanks!
Buy nycb you are likely to make money at this price point. I also bought nubank at 3.78 average so i dont know what im talking about.
Money machine
I always hit the like button!
Appreciate your work!! ✌👊