“And before you say that home prices are inversely correlated with rates, look at the past two years because something is broken. This would be a convincing argument if not for the fact that home prices have risen despite a large decline in sales volume.“
Home prices are also influenced by inflation which you left out. What’s that been the last 2 years?
soooo like 3.5% of their workforce? big number scary until you put it in context. as a % share of total workforce that's literally nothing.
also matters which divisions those employees are in.
if goldman sachs lays off 20,000 app/software engineers, marketing, and card/consumer banking oriented employees nobody cares. lay even just a few people off in TMT M&A or S&T? you got a concern going there.
but obviously context is something ber r allergic to like money and human intimacy
Let's not be delusional today, a little bit of pullback is normal and healthy but we all know we only go up from here to the end of the year ![img](emote|t5_2th52|4258)![img](emote|t5_2th52|4276)