An entertaining rant from across the pond.

[Hapax]

https://matt.sh/panic-at-the-job-market

[PCTNN]

I'm not unemployed, I haven't got time to read this tulipe

[dsc]

"What counts as risk assets avoided during high interest rate periods? Well, funding companies with uncertain futures is a pretty risky asset. So, at times of high interest rates, the weaker companies collapse, strong companies use high interest rates as an excuse to “clean house” every 10 years, then a couple hundred thousand previously high compensation workers discover there are no jobs for anybody anymore over the next 2-4 years."

Not sure how quickly this is reversed, but the graph in the article shows job postings growing at some point when interest rates were already uber low. So I'd venture a guess and say unless rates go down and stay down, not much movement will happen and companies will just carry on as they are.

[BigDataPro]

Thanks for the link. This guy is spot on!

[NotAllThere]

I got to "gubbment" and stopped reading. Not surprised that BigDataPro thinks its great.