Wednesday, March 30, 2016

Boeing to cut jobs

Boeing, the plane maker, has announced that it will lay off over 4000 workers and managers this next year. If the economy is doing well, why is Boeing laying people off? I think it is another sign that we are either in a recession or just starting one. If things were going well in the economy Boeing would not be laying people off. It would be hiring. If I am right about the economy then why have stocks not fallen further? Maybe they will once investors come to realize that things are not as rosy as the government paints it to be.

What do you think?