Tech Industry
3h
2478
BREAKING: Internal sources confirm another round of layoffs just hit emails at Tesla. For real.
India
11h
455
Why can't india and china be friends?
Tech Industry
3d
42186
What happens when most of your team is Indian?
Tech Industry
7h
952
Question about women in their 30’s?
Software Engineering Career
14h
2622
L4 Google -> 45 interviews, 5 offers, AMA
Everyone here seems to be pretty confident about the market, about the economy despite all the red flags. I have been talking around and now it seems that outside of Silicon Valley, things are royally blowing up. One of my friends works in corp dev for a Las Vegas based hotel business, and he was telling me that they are in complete dire straits. They literally go bankrupt in weeks if things continue as is. Also, hearing stuff from other "finance" people about how they are in complete meltdown (similar to 2008, no one knows who holds loans to Energy and travel companies, don't want to lend to each other). I am now getting really scared. I think tech is in a better spot, but no way this doesn't impact us.
Yes people who dont have the luxury of wfh, small businesses in the service industry, hourly jobs. Its all getting fucked up and our economy is grinding to a halt. Keep in mind we are also in debt up to our eyeballs and you have the biggest deleveraging of our lifetimes
Debt 🤣🤣... we will just print more
There is absolutely no way this quarantine and social distancing can go on for months. There will be mass unrest if people aren’t able to work and so many people will just take the risk of getting sick
We’re having record volumes of trade. If it wasn’t for zero fees we’d be making a lot more on the trades now
Wow. You have any idea if people are buying or selling? Or is it a wash?
What’s your home address? I’ll need it to call the hit squad after answering your questions
Everyone "here" maybe too young. This is worse than 9/11 and 2008 crisis. How much worse? Probably twice as much if not more. Previous crashes were due to weaknesses in the tech bubble and then in the financial industry and housing. This time, everything will get destroyed. Nothing is safe.
I think it's taken me a bit of time to realize this as well. This is definitely not a "buy the dip" moment
This is not yet worse than 2008. It has a chance to get worse of course.
Hotels/Banks/Airlines are getting bailout money very early, unlike 2008. And ofc some will go bankrupt, but the industry will come back - and quickly once we get some clarity on this pandemic.
But how many people will lose jobs, especially restaurants and the likes. People are getting laid off right now. See this https://news.yahoo.com/state-unemployment-websites-crash-applications-150200584.html
So Fed just prints tons of US dollars out of nowhere to cover private sectors ass and that’s totally fine? Where will the extra money eventually end up?