GDP versus the Economy: We hear that 2 quarter of GDP means a recession. What does this really mean and what should you do about? ITR Economics’ Brian Beaulieu has a few suggestions;
Major Layoffs at Major Companies: One of the characteristics of the economy during the past two years has been supply chain disruptions in goods, services and now it appears…people. Many companies stocked up on inventory due to fear of supply chain issues and numerous companies, especially large ones, hired as many employees as they could, resulting in record low unemployment. These same companies have now found themselves over-stocked and over-hired. This graphic from Visual Capitalist highlights major layoffs at major companies with a few comments from CEOs of these firms. (This doesn’t necessarily imply a recession, but it may help middle market companies, like those in Vistage, a more hopeful perspective.)
