
Originally Posted by
dawg80
Go woke, go broke! Disney is having to layoff 7,000 employees to make ends meet. But, while Disney has shot itself in the foot with stupid wokeness, the problems for them run deeper, just like the rest of the economy. Reality is starting to rear its ugly head and the Biden economy, with its, ahem, recession-like anemic "growth" is beginning to creep in and all the neat coverups, and short-term "fixes" are nothing but sticking bubblegum into a hole in the dike. The RECESSION is looming and once the facade is dropped, Bam!
The GDP is hovering in obummer range, very, very weak growth...saw a report that the trailing 3 months is at a whopping 0.4% "growth." Have to put growth in quotes because while it may technically be a positive number, it's just a nudge over the cliff to a recession.
The market is being stubborn and keeps building in all this pending bad economic news, having a red day, followed by a green day. Can't keep doing this. The chickens are coming home...