Danny Moses, renowned for his accurate prediction of the 2008 financial crisis, has voiced concerns over the economic impact of recent federal job cuts.
What Happened: The founder of Moses Ventures cautioned that the market has not fully considered the economic repercussions of the job cuts initiated by the Department of Government Efficiency (DOGE), a move supported by Elon Musk.
Moses expressed concerns about the negative effects on the economy, stating, “We’re hurting the revenue side of the equation.”
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Under President Donald Trump‘s administration, over 24,000 federal employees have been dismissed, with an additional …Full story available on Benzinga.com