Need Crystal Ball 2 Read Oracle Job Cut?

Was Oracle’s exec lay-off foretold by same at Wal-Mart, Robinhood & Beyond Meat, despite strong jobs report; & is it an oracle of worsening recession? Are we doomed to Obama stagnation where only Mickey D jobs were abundant?

The mixed bag of good economic news (hailed by Joe) as well as bad (ignored by Joe) was disconcerting. Granted, the DOL’s July jobs report said more jobs were added last month than expected … yet, at the same time, one leading corporate giant after another announced cut-backs, usually in the middle managerial aka middle class ranks. Little wonder, then, the WSJ also ran two conflicting stories, one about how “restaurants, bars & hotels keep hiring and say they still don’t have enough,” while another noted “jobs are back [after the pandemic lockdowns] but they maybe are not your job.”

Then, there’s the Fox piece on how “over 230 economists” as well as the CBO itself warn that the Schumer-Manchin’s anti-inflation spending bill will actually perpetuate inflation and, therefore, fuel a worsening recession. Where have we seen, heard all this before? When President Obama kept bragging about HIS “strong jobs reports” on the backs of Mickey D jobs growth, while the economy either receded or stagnated quarter after quarter after quarter, until Trump elected?

Davd Soul