Related Posts
Does jp Morgan provides headset too
Additional Posts in Accounting
Get that PTO in!
Has anyone gone CAIA route ?
What are your long term salary goals?
You know you’re a tax accountant if.....
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Yes. We've been in a bull market for like 7 years now. Economy is cyclical and we are overdo. Also lots of headwinds. Economy has been propped up by artificially low interest rates for years now. Banks starting to give shitty loans again. Americans getting into lots of debt again. The next recession is gonna suck. Machines are rapidly replacing humans for menial labor. They're cheaper and more productive. It's gonna really suck to be poor when this next one hits. Blue collar jobs will be wiped out in the future. Who needs a taxi driver when the car can drive itself? Who needs a factory worker when a machine can do it 10 times faster?
I wouldn't consider B4 layoffs a leading indicator. No way B4 are that smart. It's actually the opposite. They're shitty at planning for the future, get short staffed when economy is booming and rapidly hire to make up for it. Then they're over staffed when business gets a bit tight. However, I don't believe there's been any actual layoffs at B4 recently. They've just trimmed the fat, like they always do. Layoffs would mean that even good performers are losing their jobs and it would be much more widespread...
I am feeling it! I feel it coming...especially with all the lay off and stuff
No doubt there's headwinds ahead
It seems like it. Especially with the layoffs in big 4. Wonder if anyone has ever studied big 4 layoffs alongside with economic cycles? Wonder if it's a leading indicator.
Hell yea a recession is coming! The separation of wealth is getting larger and the majority of the population will lose buying power. Spending will slow, demand for products will slow, companies only listen to shareholders and they will want to cut overhead. The world is doomed!!
I'm nervous about this too. I'm gonna keep busting my ass so I won't be part of any fat trimming when the time comes
Yes
We've been overdue for one. This period of expansion has lasted longer than most.
The only office ive heard of B4 having layoffs is Houston and thats due to oil prices. Not sure of any other locations, if anything more people are being hired. I do worry though, i think it's probably safer in B4 than industry at the moment.
I hope not 😟
.
It's likely to happen. Nothing nearly as bad as 2008 but it will guarantee a 1 term presidency regardless of who it is which will probably make it worse.
I agree the economy and, in particular, the stock market, is well overdue for a correction.
I do think a recession is due in the 2-3 years...time for an exit strategy