The Last 30 Days.....

So, this is what the media/government calls a "Booming, Best Ever Economy in America!" Layoffs ONLY IN THE LAST 30 DAYS, and for every layoff reported publicly, at least 10 happen quietly or without media attention.

Major layoffs have been going on for a year or two, but until it happens to you personally, you think everything is wonderful. Well kids, It ain't and this list proves it.

Bayer 12,000

https://www.bloomberg.com/news/articles/2018-11-29/bayer-cuts-12-000-jobs-plans-to-exit-animal-health-business

GM 14,000

https://www.nbcnews.com/nightly-news/video/general-motors-to-cut-over-14-000-jobs-1381009987524

Ikea 7500

https://www.foxbusiness.com/retail/ikea-group-plans-to-cut-7500-administrative-jobs

Wells Fargo 1000

https://www.msn.com/en-us/money/companies/wells-fargo-plans-to-cut-1000-positions-nationwide/ar-BBPKEi4?li=BBnbfcL

Nationwide Insurance 1100

https://www.desmoinesregister.com/story/money/business/2018/11/13/nationwide-insurance-layoffs-des-moines-iowa-workers-cuts-1100-positions-across-united-states/1987200002/

Broadcom 2000

https://www.newsday.com/business/ca-technologies-layoff-1.23121729

Bombardier 5000

http://www.kelownadailycourier.ca/news/national_news/article_cf9308c9-c0ba-5ef4-9c1a-bafb3e1c8b4d.html

Haagen Dazs 1000

https://www.visaliatimesdelta.com/story/news/2018/11/01/haagen-dazs-layoff-1-000-employees-ahead-statewide-ice-cream-slow-down/1833646002/

This list doesn't include the constant bleeding of major corporations like TR itself, Sears, Oracle, Intel, Qualcomm, and dozens more that see a dozen here, a dozen there go every week or two in order to fly under the radar and avoid media attention.

The housing market is rolling over, as is the auto sector, and if tens of thousands of layoffs in the past 30 days isn't enough proof for you, then maybe the downturn of America's two biggest industries might get your attention.

Denial will not stop this or pay your bills. Seeing the train coming and getting out of the way will though. Stop buying stupid stuff, stop trading in your car for a new one every 3-5 years. Those who prepare now will be extremely glad they did.

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Yeah, this is a classic case of "Figures don't lie, but liars can figure." Trump and company are just as guilty as Obama and co. in modifying/redefining official reports to make them look more favorable.

The stats that show HALF of all children live in a household that receives government assistance are much more indicative of the current state of affairs.

It's pretty obvious no one at Thomson Reuters read the "Reorganization without tears" article. My favorite part is "You need to treat people with real respect and dignity, telling them what is happening and when." It's like they took every single point in that line and did the exact opposite.

“A corporate reorganization doesn’t have to create chaos. But many do when there is no clear plan for communicating with employees and other stakeholders early, often, and over an extended period.”

https://www.mckinsey.com/business-functions/organization/our-insights/reorganization-without-tears

McKinsey, McKinsey, McKinsey. In background in almost all of these examples whispering to the boards is McKinsey. Their wealth is built on selling one strategy, aggressive layoffs of middle mgmt to higher ups. Look for their favorite words like “flattening,” “compressing,” “transformation.” McKinsey is a major force in displacing tens of thousands of us globally. They come in providing cover for weak leadership who think they are not responsible because they were only following what McKinsey said and McKinsey, as a consulting organization, has no direct accountability. All of this is hidden behind layers of NDAs and confidentiality agreements. A perfect scam.

To move your 401k to a Roth, you need to move into a traditional IRA first, then do a conversion to a Roth.

Trump tax rates: Sure they’re lower, but you would still need a good chunk of money set aside to pay the taxes. The taxes for anyone with a sizable 401k balance would be onerous.

Finally, you don’t have to wait five years to take out the principal, you can do it anytime without penalty, the Roth IRA is funded post taxes.

Or, move your 401K into a Roth and pay the lower (temporary) Trump rates. There is no 10% penalty. Then, wait 5 years, and you can access the principal. If you move your 401K to cash, you have to pay a 10% penalty on top of the taxes.

Move your 401k into cash

Thread regarding Thomson Reuters layoffs

The Last 30 Days.....

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