Thread regarding State Farm Insurance layoffs

So what’s coming?

What will we be finding out 9/12-9/15? Leadership saying more to come but haven’t said what.


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| 5283 views | | 24 replies (last September 9) | Reply
Post ID: @OP+1k48vrmmj

24 replies (most recent on top)

Updated - T, 9/9/25.

Understand.

The Fed (only) cuts Interest rates when it (needs) to stimulate the U.S. economy.

That (can) and (has meant) a significant deterioration in the U.S. economy.

It does (not) always mean that the stock market goes up when that happens.

It may (or may not) initially but if the U.S. economy continues to deteriorate enough.

Then Wall Street will ultimately take this as a warning sign, and sell-off.

The last stock market crashes were in 2000 (dotcom bust) and the 2008 (Global Financial Crisis) nothing since, mainly due to QEx4 (Quantitative Easings) Fed total stimulus of $29.0 Trillion into the markets over time

I would (not) get too excited about a Fed Interest rate cut (especially if Stagflation - High Inflation - Low Growth) starts to run (with Inflation rising).

Just keeping things in perspective.

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Post ID: @12s+1k48vrmmj

Supreme Court decision -

November 2025.

Looking forward to seeing Trump refund (with Interest) Billions of (U.S. consumer paid) Import tariff money to U.S. Importers.

If Trump loses, U.S. Importers should receive Interest for their funds that the U.S. Government has held from them; or sue for it.

Trump tariffs were (Illegal) the entire time, and Trump will (need) to start over.

Trade deficits (were never) a "National Emergency" for they have (always) existed.

Trump went around Congress to do things (Illegally) to spare them from political devastation from (recently) passing the Trump Tax bill providing the wealthy $600.0 Billion in tax savings over a 10-year period, while adding $3.74 Trillion to the U.S. National debt (currently) $37.3 Trillion (and rising) per usdebtclock.

These are the facts.

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Post ID: @ww+1k48vrmmj

@kg Eh. It's one thing to tax companies, vs the personal income of rich people. If you lower income tax for the wealthy, the companies they own will funnel money into their pockets. If you raise income tax on the wealthy, a larger proportion goes to goes to the govt, which can provide ensure it goes to more public projects -- or, the company will invest more in itself and create more jobs.

Lower taxes on companies. Raise them on wealthy personal income.

Tariffs are a tax on foreign export companies, not domestic. Domestic companies are untaxed, and can always switch to local manufacturing, if that's cheaper. What's more -- they already know that if they raise prices on goods, people will stop buying them, and they'll lose money -- if inflation increases, the Fed will raise its rates and make money more expensive for everyone, which no company wants.

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Post ID: @pa+1k48vrmmj

I read it, and agree 100% that Trump tariffs are a tax on the U.S. consumer.

Trump rolled out his tariffs, illegally; by bypassing Congress who by law are the ones that would provide approvals.

He did this because Congress already passed the Trump Tax bill which provided $600.0 Billion in tax savings to the wealthy over a 10-year period, while adding another $3.74 Trillion to the U.S. National debt (currently) at $37.3 Trillion; and rising; per usdebtclock.

Importers do pay the Trump tariffs, and pass along the costs to the U.S. consumer over time.

A Main reason that many small businesses are declaring bankruptcy, or going out of business.

Trump tariffs are the largest tax increase in U.S. history (add that to current High Inflation).

This guy knows what he is talking about - 100%.

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Post ID: @k3+1k48vrmmj

@OP This guy is spitting facts, id--ts should read and learn we are stuck as a nation and NEITHER part has any answers

"Libtard/socialsim policies or Trump business save all policies, all end the same way. The American dream started seriously declining about 25 years ago but Biden and COVID put the nail in the coffin"

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Post ID: @k1+1k48vrmmj

I ain't reading that essay

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Post ID: @hs+1k48vrmmj

@h4 the problem with liberals like you mentioning "facts", is that you regurgitate the far left talking points and fail to speak the truth. When I see that, I immediately ignore any comments that are made.

Tax cuts for the rich is the main example. Look up how rates would have increased for EVERYONE without the bill and tell us what you find, then we might start believing some of your other statements.

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Post ID: @h7+1k48vrmmj

Updated - F, 9/5/25.

Last thing - (Be aware).

Trump Import (and sector-specific) tariffs are a tax on the U.S. consumer.

The largest tax increase in U.S. history.

They are paid for by Importers, and then passed along to the U.S. consumer.

Retailers will (not if) spread out Trump Import tariff costs across both tariffed (and non-tariffed) goods, and services; so that prices go up across the board.

Remember Covid, prices never came down (even after the supply chain disruptions were resolved).

August jobs report came in today (bad) but Wall Street is up (today) so far (begging for their Interest rare cut).

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Post ID: @h6+1k48vrmmj

Updated - F, 9/5/25.

For the naive (and uninformed).

I am quite aware of QEx4 (Quantitative Easings) since 2009.

I also know more about the economic-financial system (than you will ever know).

The U.S. National debt is currently at $37.3 Trillion (and rising) and even with $28.0 Billion in Trump tariff inputs coming in each month during the entire Trump term (the July 2025 input) with (current) U.S. Government spending the U.S. National debt will rise to $51.6+ Trillion by the end of the Trump term.

usdebtclock

This does include the $3.74 Trillion increase in the U.S. National debt from the recent Trump Tax bill passed by Congress which also provides $600.0 Billion in tax savings for the wealthy over a 10-year period.

Now, the U.S. Supreme Court (should) declare Trump tariffs (Illegal) because trade deficits have always existed (and are not a National emergency.

The reason Trump did not go through Congress (Legally) was because it would be politically devastating because they already passed the Trump Tax bill.

Trump policies (and behavior) will 100% contribute to a Major Downwards correction in the U.S. financial system in the near future (most likely) by Early-Mid 2026 (at the latest) and this includes the stock market.

Stagflation - High Inflation - Low Growth could ramp up, or a Major Recession.

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Post ID: @h4+1k48vrmmj

The United States has been in a Depression since 2008 financial crisis. The Fed basically prints 20% of our annual federal budget every year. If you removed the money printing, which has increased basically every year, we would have 17 years of negative growth/GDP. 80% of all US dollars that have ever existed have been printed between 2020-2025! Again same d-mbarsss Trump hater.... The market will collapse, but Trump will have very little to do with it. It's the Fed, a private company, (which our founding fathers banned/hated) that manipulates our currency/markets to enrich the world's Elites and Global Bankers. These are the people that cause market collapses! They run everything to the limit, let it break or start World Wars, then start over buying everything pennies on the dollars.

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Post ID: @fa+1k48vrmmj

Updated - TR, 9/4/25.

(State Farm Voluntary Exit Program) will be what is discussed with employees.

Also, for the (Naive) or (Uninformed) -

The 2 (most) recent stock market crashes were -

2008 Global Financial Crisis.

S&P 500 Down - 50% - 2007-2009.

2000 dotcom Burst.

NASDAQ Down - 78% - 3/2000 - 10/2002.

I do not count Covid because it was such a short timeframe.

All stock market bubbles (ultimately burst) do (not) ever think that it can't happen, it can.

Trump will be (not if) a Major contributor to it in the future (most likely) by Early-Mid 2026 at the latest.

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Post ID: @f1+1k48vrmmj

Stop with all the Trump stuff.....same person on here every time. I don't like Trump, didn't vote for Trump and can't even stand to see him talk. Tariff history can be divided into three main periods: a revenue period (1790–1860) where tariffs were the primary source of federal income; a restriction period (1861–1933), characterized by high protectionist tariffs, culminating in the Smoot-Hawley Tariff of 1930; and a reciprocity period (1934–present) focused on trade agreements and lower tariffs, which was established after the Great Depression and post-World War II era but saw increased use of tariffs in recent years. The economy is going to collapse because of stupid ignorant Americans and greedy CEOs/Corps and Politicians. We are working on $38 trillion in debt with no end in sight. We take in $5 trillion in taxes and spend $7 trillion each year. In 10 years we will be over $50 trillion in debt. Your taxes will have to double or triple to just pay the interest on the debt. In 6 years social security goes bankrupt! Yes tariffs are a tax but at least they are shared with corporations, people and the country that is importing goods! In the next 5-7 years unemployment will spike to around 10-15%+ at a minimum. Libtard/socialsim policies or Trump business save all policies, all end the same way. The American dream started seriously declining about 25 years ago but Biden and COVID put the nail in the coffin! The dream is over, it will never return. We will fade into the great collapses in history of other Empires. Ohh and Trump has only been in Washington for 5 years. Biden was there for over 50 years like all of the other Boomers, left or right, destroying America. Tariffs are not the answer and neither is Trump, but it's not going to matter, we are too far down the rabbit hole!

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Post ID: @ew+1k48vrmmj

Updated - TR, 9/4/25.

QEx4 (2009-2021) & Trump tariffs -

A really (bad) combination.

Trade deficits are (not) a "National Emergency".

Trade deficits have (always) existed throughout time.

The Supreme Court will declare Trump tariffs (Illegal).

Like they should have been the (entire) time.

Trump will (need) to start over, and obtain approvals from Congress (first) to pursue them (Legally).

U.S. consumers should (not) have to pay (much higher prices for goods, and services; on the U.S. economy) because of Trump Import (and sector-specific) tariff rates.

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Post ID: @em+1k48vrmmj

@OP

Voluntary Layoffs.

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Post ID: @cq+1k48vrmmj

@b1 Similar, but not necessarily similar enough. They've spent many more years and many more billions on studying how to keep it going indefinitely, or without crashing. And they've got automation in place to enforce it, and teams of experts to monitor it. The modern US financial system is is the best at preventing the wealthy from losing money, with tools that didn't exist in 1929.

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Post ID: @cj+1k48vrmmj

The company will go under unless they freeze the pension

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Post ID: @ce+1k48vrmmj

Technology Sector Layoffs (just verified) -

At this pace, very soon (not if) the stock market will feel the negative impacts (within the next several months, if not; much sooner).

Salesforce just laid off 4,000 employees.

Stagflation - High Inflation - Low Growth.

Inflation, and unemployment; keep rising.

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Post ID: @bj+1k48vrmmj

@b1 Welfare or dog eat dog at home while jobs for the everyman don't exist, manufacturing of everything and call centers for everything US customer based goes overseas, housing that nobody can afford to buy or can't sell, and all sorts of other BS isn't great for the here now or future. What the he-l are you anyway? You're a boomer that if you even worked at the company of topic is collecting pension and social security while spounting off about what is best for everyone that you F'd over.

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Post ID: @b2+1k48vrmmj

Mainly for the MAGA's to understand -

Similarities.

Late 1929.

Stock market (Peak) - Like now.

Margin borrowing for stocks (Peak) - Like now.

Deportations (Peak) - Like now.

Import tariffs, Smoot-Hawley Act - Like now.

The Supreme Court (should) declare Trump tariffs (Illegal) forcing him to start over, and go through Congress for implementation.

Of course, we know what happened in 1930 (the Great Depression).

Major U.S. economic-financial Downturn enroute by Early-Mid 2026 (at the latest) coupled with Stagflation - High Inflation - Low Growth.

Trade deficits have always existed, and are (not) a "National Emergency".

Inflation and Unemployment are both rising (over time).

Growth is slowing (over time).

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Post ID: @b1+1k48vrmmj

Hope you realize that Import tariffs were (one) of the Main contributors to the Great Depression (1930).

Late 1929 -

1) Stock market (Peak) - Like now.

2) Deportations (Peak) - Like now.

3) Margin borrowing for stocks (Peak) - Like now.

4) Import tariffs, Smoot-Hawley Act - Like now.

See any similarities (you should).

Expect Stagflation - High Inflation -Low Growth (and potentially) much worse to set-in by Early-Mid 2026 (at the latest).

(Major Economic Downturn) in the economic-financial system enroute in the near future.

Unemployment is Rising.

Growth is Slowing.

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Post ID: @aw+1k48vrmmj

From everything I’m hearing underwriting is getting cut.

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Post ID: @ae+1k48vrmmj

Probably some area or department is getting the offer.

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Post ID: @a7+1k48vrmmj

@a2 I hope you realize that until Democrats implemented income taxes in the early 1900's, the entire USA government was funded by tariffs.

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Post ID: @a3+1k48vrmmj

That Trump tariffs have been declared (Illegal) by the U.S. Supreme Court.

Now, Trump will (need) to start over; and go through Congress to obtain approvals first; before trying to implement them against other countries.

Instead of declaring Trump tariffs a "National Emergency" due to trade deficits which have always existed with other countries.

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Post ID: @a2+1k48vrmmj

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