US Job Cuts Surge by 89.7K in March as Technology and Finance Companies Slash Jobs

Job cuts rose 15% in March as US based employers slashed 89.7K job cuts in March of 2023 the Challenger, Gray & Christmas report showed. This was up 319% above the 21.387K cuts a year earlier and 77.77K in February. Turmoil continues to grip the market with higher inflation and interest rates, global uncertainty and political missteps in the U.S. highlighted by the recent collapse of New York and California regional banks. It was the third time this year that … Continue reading “US Job Cuts Surge by 89.7K in March as Technology and Finance Companies Slash Jobs”

The Biggest Pusher of Easy Money, Former Federal Reserve Chairman Bernanke Warns on Stagflation in New Book

What do you do you do when you are the man that espoused easy money through Quantitative Easing, took it to new levels and the bloated world you created implodes? You write a book about it of course. That’s exactly what former Federal Reserve Chairman Ben Bernanke has done and of course he warns in his new book that the United States could face simultaneous sky-high unemployment and inflation on levels not seen since the 1970s. Any mention of his … Continue reading “The Biggest Pusher of Easy Money, Former Federal Reserve Chairman Bernanke Warns on Stagflation in New Book”