401ks

Mean reversion on this will destroy 401ks…

https://twitter.com/RJRCapital/status/1643360844724707329 Largest Layoffs of 2023, So far: 1. Amazon: 27,000 employees2. Google: 12,000 employees3. Meta: 10,000 employees4. Microsoft: 10,000 employees5. Goldman Sachs: 3,200 employees6. Coinbase: 25% of employees7. Zoom: 15% of employees8. Glassdoor: 15% of employees9. Twilio:… — The Kobeissi …

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The Fed has more money on its balance sheet (8.9 trillion) then the total value of all 401ks in the United States (7.3 trillion as of 9/21).

by Jmeshareholder 5 trillion of that was added to the Fed’s balance sheet since Feb. 2020: https://fred.stlouisfed.org/series/WALCL 401k balances: https://www.ici.org/401k —— But oh ya, inflation is only happening because the ships and ports and all that jazz. Definitely not also because of …

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