2026 recession odds rise to 49%; The labor market for the foreseeable future is absolutely cooked; Bank of America CEO warns the middle class is breaking

🚨 2026 RECESSION ODDS UP TO 49% pic.twitter.com/sb2XNapYJW

— Micah (@micah_erfan) October 28, 2025

So if we layoff everyone to increase margins this year, who will have money left to buy your products next year? https://t.co/1h0rTviPXw pic.twitter.com/2kAtdSgs2B

— Boring_Business (@BoringBiz_) October 28, 2025

The economy is booming. https://t.co/7k6L0ViEdn pic.twitter.com/7hvK8EDxkm

— Sven Henrich (@NorthmanTrader) October 28, 2025

The labor market is clearly weakening.

Recent layoffs:

1. UPS: 48,000 employees
2. Amazon: Up to 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000…

— Ted (@TedPillows) October 29, 2025

A.I. will not make more jobs than it takes.

We are entering highly uncertain times.

The labor market for the foreseeable future is absolutely COOKED.

Prepare yourselves please.

This is a warning ‼️

Investments at times like this are great to have, most industries will be… https://t.co/4b8puDYgDg

— Dividend Dude (@DividendDude_X) October 29, 2025

RAY DALIO: U.S. ECONOMY IS 2 SEPARATE COUNTRIES NOW, AND ONE IS SCREWED

Billionaire investor Ray Dalio says you can’t look at the U.S. economy “as a whole” anymore because the gap between winners and losers is too extreme.

About 3 million people (1% of the population) in AI and tech are thriving, while the bottom 60% are struggling hard.

Dalio:

“If you’re looking at, let’s say, the AI world, and really what amounts to about three million people – 1% of the population – leading, and then the 5 or 10% around them, you have one world that the whole world is dependent on.

And then you have the bottom 60% of the population.

Consider this, 60% of the American population has below sixth-grade reading level.

That’s tough, and with that [they’re becoming] unproductive, and because of those things you have a dependency, an extreme dependency.”

The numbers back him up. 22 states are in recession while only 16 are growing. California and New York carry the entire economy on their backs.

Wealth inequality has exploded since 2020.

The top 0.1% nearly doubled their wealth from $12 trillion to $22 trillion. The bottom 50% gained just $2 trillion combined.

The economy now runs on spending from the rich. If they stop, everyone else is toast.

Source: Fortune

Correct👇

And the Real Economy = consumers will pull the other one down https://t.co/Pdta327iAO

— Henrik Zeberg (@HenrikZeberg) October 29, 2025

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— Stone tossers (@Stone_tossers) October 22, 2025

Bank of America CEO cautions over middle class feeling the ‘pinch’ as economy faces new threats

Bank of America Chairman and CEO Brian Moynihan cautioned that while the American consumer remains a powerful force keeping the economy afloat, the middle class is beginning to feel the strain.

Joining “Mornings with Maria” on Tuesday, Moynihan shared his outlook on the average U.S. consumer and warned the economy could slow down amid the ongoing government shutdown.

“You’re still seeing growth among median income households, at up to… 75,000, 100,000. They’re still growing, but they’re growing at a slower rate than the higher-income households above that. So that shows you some of the pinch,” Moynihan said, citing Bank of America research.

“Now, inflation’s still high and prices still are on people’s minds, but they continue to spend,” he continued. “What’s incongruous is when you really look [at] what the people do, they’re actually spending the money. But there is a differential. And so this is where you’ve got to be careful. From a human being standpoint… that’s an issue for American society from the average consumer spending.”
https://www.foxbusiness.com/media/bank-america-ceo-cautions-over-middle-class-feeling-pinch-economy-faces-new-threats?dm_i=7NTX,HT34,6HEI61,2ZHU0,1