> Meanwhile unemployment is still at an all time low. That is incredibly circular logic. So companies shouldn't be doing layoffs because unemployment is low?

> Meanwhile unemployment is still at an all time low. That is incredibly circular logic. So companies shouldn't be doing layoffs because unemployment is low? Are you arguing that the macro environment isn't bad? A G7 country is in a mexican standoff with its bond market and pension funds to avoid a systemic collapse in the next 3 days. How much worse is the macro situation supposed to get before businesses should worry?