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Tech Industry
12h
554
How’s capitalism going?
Health & Wellness
17h
977
Issues with sleep
India
18h
3339
Why is it so G*damn difficult to move money out of India
AMA
Yesterday
3419
I have worked at TikTok US core tech for 3 years. AMA.
2024 Presidential Election
20h
1433
Uh oh: President Trump leads Biden 49% to 43% in a two-way race.
The Fed has to make a choice: 1. Raise interest rates enough to bring down demand which will lower asset prices and cause layoffs. 2. Don’t, and asset prices and inflation will stay high. By trying to take a middle of the road approach, they will only prolong the inevitable. They’re trying to bring down inflation without job losses and big stock drops and it won’t work. If they pull the plug this will be over faster.
True I don’t see no asset prices being down because of interest rates as of now housing , stocks . Show me one except any shit cos , spac pump n dumps . Most big tech , good companies are almost at ATH . Feels like bizzaro world . All housing markets are booming
If they increase the interest rate again can some more of the smaller banks collapse?
I agree we aren’t out of the woods but layoffs are definitely improving Uber is no longer hiring as much as they did in 2021/2022 and laid off 200 recruiters. Google is cutting lower priority projects like Waze. I would say the Robinhood layoffs are less trivial but none of these are like the FAANG layoffs we have seen in the past year
USA needs to stop relying on foreign oil, until that happens, nothing is going to improve.
Use your words honey, it’s ok
News flash - inflation is a global problem and not some US problem. Also, we have been fortunate to not have been hit as hard as other countries. If your comment had more context like “I believe previous President could have improved inflation to a YoY rate of 0% rather than the YoY rate of ~5.5% in the current President has achieved”, then that’s absurd and not based on realistic numbers. Because you gave a quick retort without anything to backup your opinion, I don’t believe you have any policy points to make.
Q4 2023 to Q1 2024 will be the biggest blood bath. RemindMe! 10 months
More layoffs expected at companies like Dell and HPE too
Sad
Which divisions do you think?
It‘s the Joe Biden Tax everyone has to pay for. No one printed more trillions than the current administration. Not even Trump and Obama
I think you took a wrong turn, facebook is that way 👉
Yes only because the Republicans just do corporate handouts to big businesses with major tax breaks That's why the adults in the room have to face the consequences and take such decisions. Major right wing parties are exactly like this: capture power by yelling absolute nonsense hyped by "fair" media Then capture power and make the media a lapdog who praises you 24x7 American right wing isn't yet arresting all opposition leaders for corruption while party leaders in govt go scott free. It'll happen soon enough
People need to stop double and triple employment. I know of two people specifically who are doing that.
You need to stop being envious of other people
Please point me in the direction of tech jobs I can double and triple without being fired from all of them.
Are we out of the woods yet? Are we out of the woods yet? Are we out of the woods yet? Are we out of the woods? Are we in the clear yet? Are we in the clear yet? Are we in the clear yet? In the clear yet, good
You are correct, OP. Layoffs are not over yet and tech, in particular, is interest rate sensitive. The Fed still has a couple of rate increases to go and after that employment conditions should start to improve.
Initial claims are just now starting to rise. This is still the opening credits. Markets bottom several months before the economy. The markets don't bottom until sometime during the recession. Recessions don't occur until unemployment is elevated. Unemployment doesn't rise forget peak until initial claims break out and trend higher. We have just barely started to see initial claims tick higher over the last few weeks. This train is slower than you think. The train isn't coming, so you are convinced. Most will disagree until it is everywhere all at once and unarguable. Nothing will matter except the employment rate. That's when it will feel obvious to sell and most will capitulate at the worst time possible. Most walk away with life changing losses. A few will win that aren't you. That's how the game works. The system preys on the emotions given to you by your ancestors. That's how the house knows it will win. How else would the game be rigged against humans? Do with this knowledge what you deem is best.
Agreed. The question I have is how deep the recession is going to be. The labor market has been so tight but not necessarily healthy.