Mass Layoffs

[Digger88]

MSN

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Nobel laureate Paul Krugman says this isn't a 'Goldilocks' economy – it's even better, thanks to strong growth and cooling inflation​

• Paul Krugman believes the outlook for the US economy is better than a "Goldilocks" scenario.
• "We have an economy that is both satisfyingly hot and refreshingly cold," he said Thursday.
• Krugman's comments came after Bureau of Economic Analysis data showed that the US's GDP rose by a better-than-expected 3.3% over the final quarter of 2024.

The US economy isn't just headed for a so-called "Goldilocks" scenario – things are looking even better than that, according to Paul Krugman.

Fern come on

“The real lesson from Europe is … Europe is an economic success, and that success shows that social democracy works.”

-Paul Krugman

 

[George Hatch]

The reason Krugman has the laureate is the same reason Obama has a laureate. Because the European VagBois like their politics.

I hear Hunter Biden is in the running for next year; Nobel for Contemporary Art

 

[Terrel L. Shields]

REI is laying off a bunch...closing stores. Levi's announced a 15% reduction in workforce worldwide. and the beat goes on.

 

[IlliniApp]

Krugman is a Keynesian cheerleader mystifyingly proud of his miserable record at prediction.

I prefer smarmy little ****.

 

[Fernando]

AI will get rid of many jobs. It's expected.

 

[OSU Beavers]

But, muh Soft Landing narrative.

 

[RCA]

Fern come on

“The real lesson from Europe is … Europe is an economic success, and that success shows that social democracy works.”

-Paul Krugman

A more balanced view:

Nobel laureate Paul Krugman says this isn't a 'Goldilocks' economy – it's even better, thanks to strong growth and cooling inflation

Krugman's cheery outlook comes came after new data showed that the US's GDP rose by a better-than-expected 3.3% over the final quarter of 2024.

www.businessinsider.com

JPMorgan Chase CEO Jamie Dimon said earlier this month that he's still "a little skeptical of the Goldilocks scenario".

"I still think the chance of it not being a soft landing are higher than other people," the billionaire banker told Fox Business. "It's not terrible. It might be a mild recession or a heavy recession."

 

[Charles West]

It all depends on the commercial debt side of the equation at this point. Business investment or organic growth has been declining every quarter under Biden rule but deficit spending keeps the GDP numbers up. A lot of these little banks are going to need the bailout treatment after the Federal Reserve gets done with them.

 

[Fernando]

A more balanced view:

Nobel laureate Paul Krugman says this isn't a 'Goldilocks' economy – it's even better, thanks to strong growth and cooling inflation

Krugman's cheery outlook comes came after new data showed that the US's GDP rose by a better-than-expected 3.3% over the final quarter of 2024.

www.businessinsider.com

JPMorgan Chase CEO Jamie Dimon said earlier this month that he's still "a little skeptical of the Goldilocks scenario".

"I still think the chance of it not being a soft landing are higher than other people," the billionaire banker told Fox Business. "It's not terrible. It might be a mild recession or a heavy recession."

Dimon has lost all credibility when he said earlier that an economic hurricane was going to hit the US. He was so wrong.

 

[George Hatch]

I think there's enough fragility in the air that it would only a very small swan to flip the switch.