drmonalidesai on Nostr: Given the number of layoffs happening across many industries with pay/benefits being ...

Given the number of layoffs happening across many industries with pay/benefits being extended for several months, can we expect a stock market crash in the spring/summer as Americans losing their jobs will eventually have to cut back on spending? 🇺🇸

In recent days, weak U.S. retail sales, consumer confidence and services purchasing managers' reports, combined with higher-than-expected consumer price inflation, have eroded stock market confidence and, amid uncertainty over a barrage of federal government layoffs, have put U.S. stagflation in center of investor calculations. 🇺🇸

https://finance.yahoo.com/news/german-stock-futures-euro-edge-005730031.html