Australia doesn't really have most of the tech for refining though.
But random EU countries could fence to America. Controlling such a huge market would be impossible unless during wartime.
American Economics Thread
- Thread starter Bernard
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But random EU countries could fence to America. Controlling such a huge market would be impossible unless during wartime.
Now they win 2 more quarters to not say they are in a recession as the EU zone.
Apparantly, according to latest Guanqi podcast, problems have started showing in the tax numbers for the US.
It's 'lower than supposed to be' especially with how they saying that there's growth, lots of employment etc.
I give it some time, since if true, we will likely get some news about it.
If I am right that they are lying, then they cannot lie for long. The mismatch accumulates. Lets say economy went down 1% for 5 years but they say 0.1% growth, the disparity will be more than 5%. Eventually they need to reveal it. Best if there is a good excuse. Lets say a war on Taiwan they can say "look, this is the fault of China disrupting global economy, not on us".
I'd be very careful if I was the PRC government now.
Taiwan and USA/European economies are in deep shit and naturally the first thing these incompetent governments want to do is provoke a war and distract the population.
We're already seeing it with the staged provocation by Filipino coast guard in SCS, sending of nuclear submarine to South Korea etc.
I expect such provocations to continue ramping up.
Everything's fine...
#1 : “Tyson Foods Inc (TSN.N) will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday.”
#2 : “Ride-hailing app Lyft will lay off 1,072 employees, roughly 26% of its corporate workforce, and won’t hire for an additional 250 positions, the company said in an SEC filing Thursday.”
#3 : “Deloitte will cut around 1,200 jobs or 1.5% of its U.S. workforce, the Financial Times reported on Friday, citing internal employee communications.”
#4 : “Gap will lay off about 1,800 employees, more than three times as many as the 500 layoffs it announced in September, as part of a broad effort to cut costs and streamline operations, the company said Thursday.”
#5 : “Ernst & Young said Monday that it would eliminate roughly 3,000 jobs from its US workforce as it pivots to address shifts in demand and “overcapacity” in sections of its business.”
#6 : “The manufacturing behemoth behind some consumer brands, including Post-It Notes and Scotch Tape, said it would lay off 6,000 staff around the world. Those cuts are in addition to the 2,500 manufacturing roles 3M eliminated in January.”
#7 : “CDW’s bombshell announcement this week that it expects first fiscal quarter results below expectations and the apparent layoff of hundreds of its employees is a sign that moderated technology demand since the height of the pandemic is more than just a one-quarter strain for hardware, software and services businesses.”
#8 : “One of the largest sellers of wedding gowns in the United States, David’s Bridal is laying off thousands of workers nationwide, according to a notice filed to the Pennsylvania Department of Labor.”
#9 : “Shares of Dropbox are trading about 5% higher today after the company said it plans to slash its global workforce by approximately 16%.”
#10 : “Following parent company IBM announcing thousands of layoffs in 2023, Red Hat CEO Matt Hicks told employees Monday that approximately 4 percent of its global workforce will be laid off.”
#11 : “Opendoor Technologies on Tuesday said it was cutting roughly 560 jobs, or 22% of the workforce at the online U.S. real estate firm, citing a declining housing market.”
#12 : “First Republic plans to reduce its workforce between 20% and 25% this quarter following “unprecedented” deposit outflows in the wake of Silicon Valley Bank’s collapse last month, the company said in a regulatory filing on Monday.”
#13 : “Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders in a move that came weeks after America’s largest private employer warned it’s in for a tough year ahead.”
#14 : “A layoff notice filed with the state this week shows Facebook’s parent company Meta plans to let go 343 employees across three Manhattan offices.”
#15 : “Amazon has officially started up its most recent round of employee reductions. The company is kicking off its previously announced layoffs of ~9,000 staff by axing workers in its Amazon Web Services (AWS) and human resources sectors.”
#16 : “Disney is laying off several thousand workers across the company this week in the second and largest wave of cuts as part of the media giant’s previously announced plan to slash its workforce by 7,000 employees.”
2023 layoff tracker: The latest on which companies have announced job cuts
By Jennifer Korn, CNN Updated 5:55 AM EDT, Thu April 27, 2023#1 : “Tyson Foods Inc (TSN.N) will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday.”
#2 : “Ride-hailing app Lyft will lay off 1,072 employees, roughly 26% of its corporate workforce, and won’t hire for an additional 250 positions, the company said in an SEC filing Thursday.”
#3 : “Deloitte will cut around 1,200 jobs or 1.5% of its U.S. workforce, the Financial Times reported on Friday, citing internal employee communications.”
#4 : “Gap will lay off about 1,800 employees, more than three times as many as the 500 layoffs it announced in September, as part of a broad effort to cut costs and streamline operations, the company said Thursday.”
#5 : “Ernst & Young said Monday that it would eliminate roughly 3,000 jobs from its US workforce as it pivots to address shifts in demand and “overcapacity” in sections of its business.”
#6 : “The manufacturing behemoth behind some consumer brands, including Post-It Notes and Scotch Tape, said it would lay off 6,000 staff around the world. Those cuts are in addition to the 2,500 manufacturing roles 3M eliminated in January.”
#7 : “CDW’s bombshell announcement this week that it expects first fiscal quarter results below expectations and the apparent layoff of hundreds of its employees is a sign that moderated technology demand since the height of the pandemic is more than just a one-quarter strain for hardware, software and services businesses.”
#8 : “One of the largest sellers of wedding gowns in the United States, David’s Bridal is laying off thousands of workers nationwide, according to a notice filed to the Pennsylvania Department of Labor.”
#9 : “Shares of Dropbox are trading about 5% higher today after the company said it plans to slash its global workforce by approximately 16%.”
#10 : “Following parent company IBM announcing thousands of layoffs in 2023, Red Hat CEO Matt Hicks told employees Monday that approximately 4 percent of its global workforce will be laid off.”
#11 : “Opendoor Technologies on Tuesday said it was cutting roughly 560 jobs, or 22% of the workforce at the online U.S. real estate firm, citing a declining housing market.”
#12 : “First Republic plans to reduce its workforce between 20% and 25% this quarter following “unprecedented” deposit outflows in the wake of Silicon Valley Bank’s collapse last month, the company said in a regulatory filing on Monday.”
#13 : “Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders in a move that came weeks after America’s largest private employer warned it’s in for a tough year ahead.”
#14 : “A layoff notice filed with the state this week shows Facebook’s parent company Meta plans to let go 343 employees across three Manhattan offices.”
#15 : “Amazon has officially started up its most recent round of employee reductions. The company is kicking off its previously announced layoffs of ~9,000 staff by axing workers in its Amazon Web Services (AWS) and human resources sectors.”
#16 : “Disney is laying off several thousand workers across the company this week in the second and largest wave of cuts as part of the media giant’s previously announced plan to slash its workforce by 7,000 employees.”
How does such a distraction make things better?
It shifts their dumb domestic population's attention from internal problem to a foreign target to vent their anger
It would just create a bigger problem if the war spirals out of control.