The Causey Consulting Podcast

"Zwei, drei, vier, one, two, three, it's easy to see / But it's not that I don't care, so / 'Cause I hear it all the time, but they never let you know / On the TV and the radio..." -"Der Kommissar"

As I've said many times: IMO, if you wait to be "officially" told something in the MSM, you have waited too late. Apparently Monday, January 23rd was the day you were finally allowed to know from a mainstream source that-  Ruh-roh. Um, well, uh, ya see, perhaps that labor market ain't so red hawt and uh, maybe, um, you should like look into unemployment benefits. If you've tuned in here and/or read my blog, you knew this was coming months ago. Or did you wait to hear it on the TV and the radio from Der Kommissar?

Links I discuss in this episode:

https://www.linkedin.com/news/story/its-taking-longer-to-get-hired-6140962/

https://www.marketwatch.com/story/it-is-an-employers-market-tech-layoffs-may-have-turned-the-great-resignation-into-the-great-recommitment-11674511211

https://finance.yahoo.com/news/dont-settle-workers-market-newest-110000824.html

https://finance.yahoo.com/news/layoffs-in-corporate-america-tech-to-conglomerates-3m-morning-brief-102338744.html

https://finance.yahoo.com/news/bofa-warns-us-economy-start-170000414.html

https://www.linkedin.com/news/story/remote-layoffs-become-harsh-reality-5536332/

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

We've nosedived right into Idiocracy. Bad news is good news. Slowcessions. Soft landings. The labor market will stay red hot and you can job hop for more money forever . . . 😵‍💫

The flow chart looks something like this:
Deny there are problems and tell people that layoffs are not coming. ➡️ Even as layoffs start, turn a blind eye. Have "economists" tell the public that mass layoffs are not coming in Q4 of 2022. ➡️ While layoff announcements litter the news, keep squawking about The Great Resignation and tell people it is STILL a workers' market! ➡️ Tell people that even if it takes a few months to find employment again, it's OK. That's still really good. 🤦🏻‍♀️

IMO, it is so very important to rough out a job loss survival plan. I hope you never need it, but I think it's better to be prepared than scared. If you freelance or operate a business, have you created a Plan B on how to generate revenue in a serious downturn?

Links I mention:

https://causeyconsultingllc.com/2023/01/18/a-workers-market-really/

https://finance.yahoo.com/news/dont-settle-workers-market-newest-110000824.html

https://www.inc.com/jessica-stillman/dont-feel-too-bad-for-laid-off-tech-workers-more-than-half-end-up-earning-more-in-their-next-job.html

https://www.cnbc.com/2023/01/20/despite-google-amazon-microsoft-layoffs-its-a-good-time-to-get-a-job.html

https://www.cbsnews.com/news/fed-interest-rate-hikes-unemployment-increase-layoffs-inflation/

https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/


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

Key topics:

✔️ ICYMI news, 1/16 - 1/20.
✔️ Davos, debt ceilings, and a big ole mess.
✔️Is the job market going to "normalize" or any other soft-sounding word? I wouldn't personally count on that.
✔️Jaime Dimon is perpetually on one at this point. 😣
✔️So in the midst of more layoffs, you are still asked to believe the unemployment rate is 3.5%. What?!?


Links I discuss:

https://www.linkedin.com/news/story/workforce-leverage-to-normalize-5531196/

https://www.linkedin.com/news/story/ceos-veer-into-negativity-survey-5535428/

https://causeyconsultingllc.com/2023/01/18/a-workers-market-really/

https://finance.yahoo.com/news/us-government-just-hit-31-190000536.html

https://finance.yahoo.com/news/treasury-begins-special-measures-avoid-150732979.html

https://finance.yahoo.com/news/citi-ordering-low-performing-remote-120000361.html

https://www.linkedin.com/news/story/jpmorgans-dimon-slams-wfh-5108465/

Reminder - you can always find my blog posts here: https://causeyconsultingllc.com/the-blog/

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

No, I mean, seriously: WHAT IS HAPPENING?

Key topics:

✔️ Jamie Dimon walking back his prediction of an economic hurricane... Why? What has actually changed to create a sense of optimism?
✔️ The Wall Street bankers like to show up hat in hand and ask for a bailout. But what about that time when the government showed up to the bankers and asked for a bailout?
✔️ A lot of cash can fly out the door quickly. Is it all taxpayer money? How is all this currency even in existence?
✔️ The CEOs at Davos aren't feeling excited but apparently, somehow, you should be. Also you should still think that The Great Resignation is going strong and people can job hop across the market for pay raises forever. 😣
✔️ These boom/bust and inflation/recession cycles happen and happen. So have bank failures and bank runs. Yet each time we have a downturn, people act like they simply can't believe it's happening.


Links I mention:

https://www.cnbc.com/2022/06/01/jamie-dimon-says-brace-yourself-for-an-economic-hurricane-caused-by-the-fed-and-ukraine-war.html

https://tinyurl.com/y3nyc26t

https://fortune.com/2023/01/10/jamie-dimon-economy-hurricane-storm-clouds-recession-2/

https://finance.yahoo.com/news/davos-pw-c-survey-finds-bleak-ceo-outlook-for-2023-174505340.html

https://finance.yahoo.com/news/dont-settle-workers-market-newest-110000824.html

https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

https://www.cnbc.com/2023/01/16/richest-1percent-amassed-almost-two-thirds-of-new-wealth-created-since-2020-oxfam.html

https://www.cnbc.com/2021/06/23/how-much-wealth-top-1percent-of-americans-have.html

https://www.usdebtclock.org/

https://historydaily.org/panic-of-1893

https://www.cheatsheet.com/entertainment/godfather-frank-sinatra-mario-puzo-johnny-fontane-character.html/


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

There's an old movie On Borrowed Time  in which Sir Cedric Hardwicke plays Mr. Brink, a reference to the brink of death. It seems more than one economy finds itself on the brink these days. How many are truly on borrowed time?

Key topics:

✔️ People choosing between food and warmth in the winter.
✔️ "The forgotten people."
✔️"Survival for only 19 days" following a job loss.
✔️"Running faster to stand still or even move backwards."
✔️"Many people have cut back right down to the bone."
  ✔️$20/hr jobs and still homeless.


Links I mention:

https://www.youtube.com/watch?v=4v_aC1ZTlOg  (even Russell Brand is warning you about the "just sit down and shut up" attitude we're seeing from the power brokers)

https://www.barrons.com/articles/what-to-know-today-51673427144

https://www.federalreservehistory.org/essays/banking-panics-1930-31

https://en.wikipedia.org/wiki/Henry_Paulson

https://www.cnbc.com/2008/07/22/paulson-were-gonna-be-alright.html

https://en.wikipedia.org/wiki/IndyMac

https://www.thetimes.co.uk/article/bernanke-assures-investors-that-top-banks-are-solvent-7639rkcvrnh

https://www.youtube.com/watch?v=N0VJXwr3KEs

https://www.youtube.com/watch?v=a5t2dufNkvU

https://www.youtube.com/watch?v=czmJvQCEnbE

https://www.youtube.com/watch?v=O58wklTuwwc

https://www.youtube.com/watch?v=jjE5mBXDKIU


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

Key topics:

✔️ ICYMI news, 1/9 - 1/13.
✔️ More companies going from the carrot to the stick on RTO.
✔️The WEF will have its annual meeting next week, so I'm sure they'll come up with great solutions and truly help all of us peons.
✔️Jaime Dimon is on one. Grannies got taken in crypto? The economic hurricane he predicted is not gonna be so bad? Wut? 😐
✔️If we just keep using words like "soft" and "mild," perhaps you'll be lulled into a sense of security and no one will worry.

Links I discuss:


https://finance.yahoo.com/news/employees-managers-key-disagreement-one-120813345.html

https://www.linkedin.com/news/story/ripple-effect-of-layoffs-questioned-5100657/

https://www.weforum.org/events/world-economic-forum-annual-meeting-2023

https://finance.yahoo.com/news/jamie-dimon-retirees-grandmothers-lower-income-folks-have-been-hurt-by-crypto-223952501.html

https://fortune.com/2023/01/10/resistance-attrition-quiet-quitting-drop-diversity-forced-return-to-office-gleb-tsipursky/

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

 Key topics:

✔️ Part 1 can be found here: https://www.buzzsprout.com/1125110/11959824
✔️ Stimmy checks.
✔️"Discouraged workers" not counted in the unemployment numbers.
✔️Remember H1N1?
✔️The Fed will handle it all. Just sit back and don't ask questions.


Links I mention:

https://www.pbs.org/newshour/nation/stimulus-bill-turns-5-years-old-still

https://www.thebalancemoney.com/discouraged-workers-definition-causes-and-effects-3305514

https://en.wikipedia.org/wiki/2009_swine_flu_pandemic

https://www.cnbc.com/2023/01/10/powell-stresses-need-for-feds-political-independence-while-tackling-inflation.html

https://nader.org/1975/09/16/fed-needs-auditing/

https://en.wikipedia.org/wiki/Ben_Bernanke

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

The IMF and the World Bank, both of which are functions of the UN, are telling you what's on the horizon. So are the fat cats and corporate raiders.

But hey - I'm sure that two-bit realtor still trying to convince you to buy an overpriced house or that hustler encouraging you to "buy the dip" is probably a more accurate resource than the power brokers who are literally communicating the agenda to you. *she said, sarcastically*

Links I mention:

https://www.yahoo.com/now/world-bank-warn-global-recession-123450363.html

https://www.bbc.com/news/business-64142662

https://en.wikipedia.org/wiki/Great_Recession#:~:text=At%20the%20steepest%20part%20of,and%2011%20in%20Q4%E2%80%912009.


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

Key topics:

✔️ ICYMI news, 1/2 - 1/6.
✔️ Old, rich white guys say you are a whiner who doesn't really know hardship. Hmm... I'm having a massive flashback to 2008 when Phil Gramm said the same thing! We know how that movie played out.
✔️If the NFL hadn't postponed the game after Damar Hamlin's injury, that would have been the last game I ever watched. You cannot expect players to play after a five-minute break not knowing if their teammate is alive. I normally expect that kind of cruelty from Corpo America.
✔️You owe yourself. What's being done to the economy sucks and it is not the fault of working class folks. At the same time: you still gotta deal with what's coming and it doesn't look good.
✔️If you have a realtor, broker, pay-cash-for-house place, etc., blowing up your phone and you want it to stop, get into a discussion with them about '08. They will lose your number hella fast!

Links I discuss:

https://finance.yahoo.com/news/stock-market-week-ahead-2023-new-year-jobs-report-114724649.html

https://finance.yahoo.com/news/things-were-way-tougher-charlie-150000169.html

https://abcnews.go.com/Politics/story?id=5835269&page=1

https://fortune.com/2023/01/03/tech-layoffs-2022-pandemic-dotcom-bubble/

https://finance.yahoo.com/news/shopify-axing-meetings-involving-more-171802803.html

https://tinyurl.com/ynf67hv8

https://causeyconsultingllc.com/2023/01/04/old-rich-white-dudes-think-youre-a-bunch-of-whiners/

https://causeyconsultingllc.com/the-blog/  (Please bookmark my blog - do not rely on social media to tell you when I have published something new!)

https://www.linkedin.com/news/story/remote-work-may-be-past-its-prime-6117210/

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

Anytime I see some идиот in the media reassuring us that we could just never have another 2008 ever, ever again, I realize we're going to see something similar or perhaps even worse.

Let's take a little stroll down Memory Lane and reexamine what that time was like and what kinds of shenanigans and chicanery happened. I think you'll find that history is repeating itself in a pretty eerie way.

Links I mention:

https://causeyconsultingllc.com/2022/12/29/this-isnt-2008-%f0%9f%98%92/

https://www.linkedin.com/news/story/how-severe-would-a-recession-be-5515020/

https://www.buzzsprout.com/1125110/11775961

https://money.com/jobs-barack-obama-presidency/

https://www.investopedia.com/terms/g/great-recession.asp

https://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8249181/Deepening-crisis-traps-Americas-have-nots.html

https://www.huffpost.com/entry/a-real-jaw-dropper-at-the_b_791091

https://www.pasadenastarnews.com/2010/01/12/fed-posts-record-profits-for-last-year/

https://www.project-syndicate.org/commentary/how-inequality-fueled-the-crisis

https://www.bloomberg.com/news/articles/2010-01-28/secret-banking-cabal-emerges-from-aig-shadows-david-reilly

https://ourfinancialsecurity.org/2011/06/nytimes-a-secretive-banking-elite-rules-trading-in-derivatives/

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