Damn the Recession, Rate Hikes Ahead – Ep 831
The Peter Schiff Show Podcast
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Job Openings Are About to Fall Off the Edge of a Cliff
The consensus was that last month's 11 point three million job openings would decline to 11 million. Instead, we sank all the way down to ten point six, nine, eight million. All of these money losing zombi companies, in the environment of rising interust rates, are not going to be able to maintain their pay rolls. And a lot of job losses are coming for companies like robin hood. Eventually it's going to work its way down to real companies, because everybody is going to be suffering in this recession.
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