The fear of the unknown is making business executives hunker down, and wait things out until they get a sense of where everything is headed
—two other bellwether indices— ended the day down 1.9% and 2.8%, respectively due to the uncertainty.
We’ve been the beneficiary of a booming job market. It's possible that a conflict could cool it off. CEOs and corporate executives abhor the unknown. They want clarity and certainty. Management doesn’t want to launch new ventures, build new facilities or hire more people if the economy falters or worse.
The fear of the unknown makes business executives hunker down, and wait things out until they get a sense of where everything is headed. If there is a real or even perceived fear of a war in Eastern Europe, along with high inflation and supply chain disruptions, it's logical that management will hold back on hiring. Human resources wouldn’t want to hire just to have to let people go if the economy starts sliding downwards in response to an armed conflict.
Employed job hunters may hit the brakes on their search. They’ll figure it's safer to stay where they are for now. If circumstances improve, they’ll feel that they can always restart their job search. Remembering what happened during the financial crisis in 2008, and during the dark early months of the pandemic, people won’t want to be the last one hired at the company and then become the first victim to be let go.
There is hope that the two sides could come to an amicable agreement without the need for war, violence, death and destruction. Until that happens, be prepared for some rocky times ahead.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Most Gulf bourses fall on Russia-Ukraine crisisMost stock markets in the Gulf ended lower on Sunday, tracking Friday's decline on Wall Street against the backdrop of a standoff between Russia and the West over Ukraine.
Les mer »
EUR/GBP Price Analysis: Continues falling, though at a slower pace as sellers attack 0.8300The shared currency losses ground for the third consecutive day against the British pound amid a risk-off market mood spurred by Russia/Ukraine confli
Les mer »
EUR/USD hovering precariously above 1.1300 as traders monitor Russia/Ukraine/NATO tensionsEUR/USD is hovering just to the north of the 1.1300 level as ongoing concerns about the Eurozone’s economic vulnerability to a Russia/Ukraine war plus
Les mer »
Russia conflict stokes energy concerns as gas prices continue to climbTensions between Russia and Ukraine are feeding fears that energy prices could increase even more.
Les mer »
Carlos Franganillo on Europe's view of Russia and Ukraine'The European Union is trying to show that they are a united front,' Carlos Franganillo says. 'It will be difficult maybe to find an agreement on how strong sanctions might be if there's a military action from Moscow.'
Les mer »
U.S. preparing to withdraw all personnel from Ukraine capital within 48 hours, sources sayThe U.S. has threatened massive economic and political consequences if Russia invades Ukraine.
Les mer »