for the United States as it struggles with the ongoing coronavirus outbreak, but the head of one of the largest Wall Street banks says the job losses may not yet be over.that there are likely two main time periods for the pandemic: "a period of crisis and then a period of normalization."
"One of the things that's going to be a drag on the economy broadly," he told a virtual conference hosted by Bloomberg, "and one of the reasons I think there's going to be a headwind, is all businesses are learning and seeing ways where there are efficiencies. "I think that's going to have a toll," he continued, "and an adjustment on workforces more broadly as we get into 2021. That's not something that's specific to financial services, I think that's across industry broadly. I do think this is something that as an economy we'll have to manage as we go forward."by adding 2.5 million jobs and decreasing the unemployment rate to 13.3%. In previous years pre-pandemic, the unemployment rate had sunk as low as 3.6%.
same bad actors, same job losses - they take the money with open hands but do nothing to find solutions to employment even after cannibalizing industries across and corrupting the integrity of them across various multiples.
Why do all these guys look like goblins
He has Puts
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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Source: BusinessInsider - 🏆 729. / 51 Read more »