Companies will be laying off a lot of workers to avoid going bankrupt.

Peter Schiff and Megyn Kelly discuss the economy, inflation, jobs, crypto, Sam Bankman-Fried, FTX, the NFT craze, Elon Musk, Tesla, and Twitter

#SBF #FTX #twitter

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  1. Peter Schiff??? Bwah,ha,ha!!! Peter Schiff came out of his mother's womb predicting the end of the world. His opinion means nothing. Fox is scraping the bottom of the barrel. Corporations are throwing people in the streets for profits. Period. Evil Capitalism. We need Social Democracy and outlaw these immoral layoffs.

  2. I agree with high mortgage interest rates are a hugh issue but so is the cost of the homes. Unemployment numbers are much higher than announced. The individuals that left the job market are not being counted as unemployed. The jobs available are low wage part time positions which is not contributing much in the economy. Baby boomers are retiring and passing away the population is shrinking.

  3. What Peter can't say because it's somewhat self-incriminating/contradictory to his narrative, is that the 1.5 trillion in excess savings that Megyn mentioned almost all ended up in the hands of the 1%. Assets appreciated enormously with COVID stimulus, and who owned those assets? That includes stocks, real estate, even crypto, recent downturns notwithstanding. Now that many of the 1% have exited positions anticipating a recessive, they're flush with cash while the poor and middle class are scraping by as Peter mentioned.

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