3 ms·

> My take is that most companies are taking advantage of the impression that we're in hard economic times to perform layoffs that they wanted to do anyway. And

• oxfordmale 4y ago
  The lay offs are driven directly by the cost of borrowing that has gone up this year. We had a decade where money was pretty much free. Now money is no longer free, companies are looking at cutting costs.
  • fny 4y ago
    No it's not. I know this is the narrative being pushed, but this is not a real problem. Remember, the US government pumped out $3T that's still circulating, and there was record borrowing at ZIRP for bonds with 30 year duration. The Fed's hikes are an attempt to slow that down, but money is still on average cheap.