⚠️ "Already past the point of no return" ⚠️

"'The Fed is facing a difficult task on Wednesday, but it is likely already past the point of no return,' JPMorgan strategists led by Marko Kolanovic, the bank’s chief global markets strategist, wrote in a note to clients Monday. 'A soft landing now looks unlikely, with the airplane in a tailspin (lack of market confidence) and engines about to turn off (bank lending).'" -https://www.yahoo.com/lifestyle/already-past-point-no-return-171434984.html

But remember how many times you were told:

• Inflation is transitory
• The job market is blazing hot
• Labor shortage 🦜
• We can't be in a recession because look at the job market
• Soft landing
• Slowcession
• Rolling recession
• Bad news is good news

If you haven't already prepared a job loss survival plan, it's probably too late. I hate to say that, but IMO, if you wait to be "officially" told that the economy is in a hot mess, you're waiting way too late.

Links:

https://www.yahoo.com/lifestyle/already-past-point-no-return-171434984.html

https://thehill.com/opinion/finance/3908515-the-fed-circumvented-the-debt-ceiling-to-borrow-billions-for-failed-banks/

https://www.finder.com/americans-borrow-friends-and-family-household-debt

Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/

Need more? Email me: https://causeyconsultingllc.com/contact-causey/

Siren courtesy of Pixabay.