Re: Musk's latest stunt

On Tue, 25 Feb 2025 09:31:02 -0600, JAB <here@is.invalid> wrote:

Opinion | Musk's latest stunt suggests DOGE is running out of ideas

He seems to enjoy eliminating workers, who also support businesses
with their dollars.

Unemployment rate  is about 4% (Jan 2025); my take is it will rise
this year.
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Published Feb. 24, 2025

DOGE layoffs could trigger wider unemployment, slow economy: Apollo

Signs of economic weakness have emerged, with the murky outlook for
U.S. tariff and other policies eroding sentiment among consumers and
purchasing managers.
...
...
"Economic policy uncertainty is spiking higher," Slok said, noting
that "near-term downside risks to the economy and markets are
growing."

"The question is if persistently elevated policy uncertainty will
begin to have a negative impact on capex spending and hiring
decisions," he said.

The Fed last month held the main interest rate at a range between
4.25% and 4.75%, noting a lack of clarity in federal regulation,
trade, immigration and taxation under the Trump administration.

https://www.cfodive.com/news/doge-layoffs-trigger-wider-unemployment-slow-economy-apollo-jobs-Trump/740798/